The revenue from operations for the period under review stood at Rs 6,041.82 crore, against Rs 4,714.25 crore in the same quarter of the fiscal year 2025.
The company’s revenue from operations, for 9 months ended December 31, 2025, stood at Rs 6,135 crore, registering a 27% year-on-year (YoY) growth compared to Rs 4,838 crore reported in the corresponding period last year.
Profit before tax (PBT) for the nine-month period rose to Rs 1,718 crore, up 17% YoY from Rs 1,474 crore in the same period last year. Meanwhile, profit after tax (PAT) came in at Rs 1,381 crore, reflecting a 15% rise over Rs 1,197 crore reported for the nine months ended December 2024.
As per the company’s investor presentation, IREDA’s loan sanctions rose 29% YoY to Rs 40,100 crore, up from Rs 31,087 crore in the corresponding period last year. Meanwhile, loan disbursements surged 44% YoY to Rs 24,903 crore, compared to Rs 17,236 crore in the 9-month period ended December 2024.
A sectoral breakdown of the company’s outstanding loan book as on December 31, 2025, reveals a diversified allocation across key segments of the clean energy ecosystem:
- Solar Thermal / SPV: 25%
- Loan facility to state utilities – Others: 20%
- Wind energy: 12%
- Hydro power: 9%
- Ethanol projects: 8%
- Manufacturing (RE-related): 7%
- Loan facility to state utilities – GENCO: 5%
- Hybrid Wind & Solar projects: 4%
IREDA reported raising a total of Rs 32,397 crore in borrowings during the third quarter of FY26, according to its latest financial disclosure.
As of December 31, 2025, the company’s total borrowings stood at Rs 73,172 crore, of which a dominant Rs 63,393 crore (87%) came from domestic sources, while Rs 9,779 crore (13%) was attributed to foreign borrowings.
Compared to the same period last year, IREDA’s borrowings have significantly increased:
- Domestic borrowings rose from Rs 49,361 crore (85%) in Dec 2024 to Rs 63,393 crore in Dec 2025.
- Foreign borrowings also increased from Rs 8,569 crore to Rs 9,779 crore, although their share in the total mix dipped slightly from 15% to 13%.
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The share of domestic borrowings remained unchanged from March 2025 levels (87%), indicating a continued preference for local funding sources.
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