IRIndian Renewable Energy Development Agency544026Interim report

Auditors issue unmodified opinion on standalone interim results for the half year ended 30.09.2026

IREDA has shared audited standalone interim financial statements for the half year ended 30.09.2026, with an unmodified auditor opinion.

By ScoutQuest · Mon 19 Oct 2026, 7:36 PM IST · 2 min read

Total income (H1 FY27)

₹ 4,594.29 crore, against ₹ 4,016.98 crore in the half year ended 30.09.2025

Profit for the period

₹ 891.75 crore, against ₹ 795.68 crore

Stage II / Standard classification

Rs. 386.76 Crore classified as Stage II / Standard instead of Stage III / NPA

What the update is

Indian Renewable Energy Development Agency Ltd has shared its audited standalone interim financial statements for the half year ended 30.09.2026 — the balance sheet, statement of profit and loss, statement of changes in equity, cash flow statement and the notes. Shiv & Associates and MAPSS & Company, the auditors, have given an unmodified opinion, which means they have not disagreed with how the numbers are presented.

Key numbers for the half year (standalone)

• Total income: ₹ 4,594.29 crore, against ₹ 4,016.98 crore in the half year ended 30.09.2025.
• Profit for the period: ₹ 891.75 crore, against ₹ 795.68 crore a year earlier.
• Total comprehensive income: ₹ 705.30 crore — this is lower than the profit figure because some movements, such as those on cash flow hedges and remeasurement of defined benefit plans, are routed through other comprehensive income rather than profit.
• Basic earnings per share: ₹ 3.17.
• Total assets: ₹ 97,985.76 crore.

A point the auditors highlighted

Under the "Other Matters" section, the auditors state that certain accounts which were required to be classified as Stage III / Non-Performing Assets have been classified as Stage II / Standard, aggregating to Rs. 386.76 Crore, in terms of interim orders of Hon'ble High Courts. As a matter of prudence, the company has recognised interest income on such accounts, which are NPA under RBI prudential norms, on collection basis, and has made an allowance for impairment loss in the accounts. The auditors' opinion is not modified in respect of this matter.

Other items in the report

• An Emphasis of Matter referring to Note No. 38(2) regarding the constitution of the audit committee and adoption of the standalone financial statements; the opinion is not modified for this.
• A statement that expected credit loss on loan assets has been provided as required under Ind AS 109, based on an ECL report from an independent agency appointed by the company; the use of that report does not take away management's responsibility for the estimate.

How a retail reader can think about it

• An unmodified opinion is the routine, clean outcome — it tells you the auditors did not find the statements to be misstating the position.
• This is a lender's result, so income, profit and the size of the loan book matter most. The profit figure here covers the half year, not a full year.
• The Stage II classification of Rs. 386.76 Crore of accounts rests on interim High Court orders, and the company has taken a cautious route by not recognising interest on these until it is actually collected and by providing for impairment.
• The company describes itself in the notes as a Government of India [Navratna] enterprise under the Ministry of New and Renewable Energy, a non-deposit taking NBFC-NDSI / NBFC Middle Layer registered as an Infrastructure Finance Company with RBI.

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