IREDA shares slip nearly 3% a day after Q2 results as investors book profits – News Air Insight

Shares of Indian Renewable Energy Development Agency (IREDA) fell 2.6% to their intraday low of Rs 153.35 on the BSE, retreating from the day’s high of Rs 157.45. The dip comes a day after the public sector power financier announced its Q2 FY26 results, which showed robust earnings but also triggered profit booking among investors.

The stock had surged 4% on Tuesday, touching a high of Rs 155.85 following the earnings announcement, but Wednesday’s decline erased all those gains.

IREDA’s market capitalization, around 10 am, stood at Rs 43,262 crore.

IREDA posted a consolidated net profit of Rs 549.33 crore for Q2 FY26, marking a 41.5% year-on-year (YoY) jump from Rs 388 crore in the same quarter last year. Revenue from operations also climbed 26.2% YoY to Rs 2,057 crore compared to Rs 1,629.55 crore in Q2 FY25.

On a sequential basis, the performance was even more striking. Net profit more than doubled, rising 122% from Rs 247 crore in Q1 FY26, while revenue rose 5% from Rs 1,960 crore.

Despite the upbeat financials, investors appeared to lock in gains, leading to a price correction. A total of 4.54 lakh shares were traded on the BSE during the day, reflecting heightened activity.

Operational metrics:

• Gross NPAs improved to 3.97% from 4.13% in Q1.
• Net NPAs improved to 1.97% from 2.06%.
• Loans sanctioned surged 86% YoY to Rs 33,148 crore as of September 30, 2025.
• Disbursements rose 54% YoY to Rs 15,043 crore.
• Loan book outstanding stood at Rs 84,445 crore, up 31% YoY.

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