Indian Renewable Energy Development Agency544026Quarterly results
Board approves audited results for quarter and half year ended September 30, 2026; auditors' opinion unmodified
Board met on October 19, 2026 (03:45 PM to 06:40 PM) and approved the audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 2,346.88 | 2,057.85 | +14% | 2,250.60 | +4.3% |
| Profit before tax | 704.45 | 696.39 | +1.2% | 413.75 | +70.3% |
| Profit after tax | 552.14 | 549.33 | +0.5% | 338.53 | +63.1% |
| Total comprehensive income | 425.99 | 614.76 | −30.7% | 278.30 | +53.1% |
| Basic EPS | 1.97 | 1.97 | 0% | 1.21 | +62.8% |
- Total income
- Latest 2,346.88; Year ago 2,057.85 (+14%); Prev qtr 2,250.60 (+4.3%)
- Profit after tax
- Latest 552.14; Year ago 549.33 (+0.5%); Prev qtr 338.53 (+63.1%)
- Period
- 30-Sep-26
Auditor's review
Conclusion: Unmodified
Notes to the results
- Three cases of frauds amounting to ₹ 672.74 Crores reported to RBI during the period ended 30 September 2026 (Arjuna Biofuels ₹ Nil Crore; Gensol Group ₹ 672.74 Crore); 100% ECL provision already made.
- Cumulative impairment allowance stands at ₹ 3,293.28 Crore as at 30.09.2026 (₹ 2,348.91 Crore as at 30.09.2025); Stage III loan assets ₹ 3,482.21 Crore.
- Audit Committee consisted of one Independent Director and two Non-Executive Directors, pending appointment of requisite Independent Directors by Govt. of India.
What the board approved
- The audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The meeting commenced at 03:45 PM and concluded at 06:40 PM.
- The results were reviewed and recommended by the Audit Committee and audited by the joint statutory auditors, Shiv & Associates and MAPSS and Company.
Auditor's conclusion
- The opinion is unmodified: the standalone results are presented as required by Regulation 33 and 52 and give a true and fair view.
- Emphasis of Matter: Note No. 1 to the standalone results regarding the constitution of the audit committee and adoption of the standalone financial results. The opinion is not modified in respect of this matter.
Standalone numbers (₹ in Crores)
- Total income: 2,344.75 for the quarter and 4,594.29 for the half year.
- Revenue from operations: 2,343.70 for the quarter; interest income 2,316.97.
- Profit before tax: 706.57 for the quarter, 1,119.28 for the half year.
- Profit for the period: 554.26 for the quarter, 891.75 for the half year.
- Basic and diluted earnings per share of ₹ 10 each: 1.97 for the quarter, 3.17 for the half year.
Matters flagged by the auditors
- Three fraud cases amounting to ₹ 672.74 Crores (previous period: once case of ₹ 7.80 Crores) were reported to Reserve Bank of India during the period ended 30th September 2026. Two cases pertain to Gensol Group (₹ 672.74 Crore) and one to Arjuna Biofuels (₹ Nil Crore); 100% ECL provision has already been made.
- Certain accounts required to be classified as Stage III / Non-Performing Assets were classified as Stage II / Standard, aggregating to Rs. 386.76 crore, in terms of interim orders of Hon'ble High Courts. Interest income on such accounts is recognised on collection basis and impairment allowance has been made.
Asset quality and balance sheet (as at 30.09.2026, ₹ in Crores)
- Loan assets: 97,328.87; impairment loss allowance 3,287.25.
- Provisioning coverage: 3.38% overall, 70.44% for Stage III.
- Cumulative impairment allowance (including standard loans and non-fund based facilities) stands at ₹ 3,293.28 Crore.
- Total assets: 97,985.76, against 85,258.21 as at 30.09.2025.
- Borrowings (other than debt securities) 47,702.86; debt securities 29,922.03; subordinated liabilities 3,257.48.
- Security cover of 3.97 times is maintained by way of charge on receivables for secured non-convertible debt securities outstanding.
- No default as on 30.09.2026 in repayment of debt securities, borrowings and subordinated liabilities.
How to read this
- The headline numbers are a set of audited, unmodified standalone results alongside a consolidated set, so the earnings are reported after audit rather than as unaudited figures.
- The two items that a reader may want to weigh are the fraud amounts reported to RBI, for which the company states a 100% ECL provision is already made, and the reclassification of accounts from Stage III to Stage II following High Court interim orders, which affects how provisioning coverage is presented.
- The liquidity and funding picture is shown by total assets rising to 97,985.76 crore from 85,258.21 crore a year earlier, funded largely through debt securities and other borrowings.
₹3,293.28 CrCumulative impairment allowance on loan assets as at 30.09.
Total income, quarter2,250.60 (₹ in Crores)
Total comprehensive income, year-ago quarter614.76 (₹ in Crores)
Total comprehensive income, latest quarter425.99 (₹ in Crores)
Also from Indian Renewable Energy Development Agency
Unmodified audit opinion on consolidated interim financial statements for half year ended 30 September 2026
19 Oct 2026
Auditors issue unmodified opinion on standalone interim results for the half year ended 30.09.2026
19 Oct 2026
IREDA Q2 FY27: loan book up 15% to ₹97,411 crore, PAT ₹554 crore, net NPA eases to 1.08%
19 Oct 2026
More numbers
- Standalone revenue from operations, quarter ended 30.09.2026 (₹ in Crores)2,343.70
- Standalone total income, quarter ended 30.09.2026 (₹ in Crores)2,344.75
- Standalone profit for the period, quarter ended 30.09.2026 (₹ in Crores)554.26
- Standalone profit for the period, half year ended 30.09.2026 (₹ in Crores)891.75
- Cumulative impairment allowance on loan assets as at 30.09.20263,293.28
- Accounts classified Stage II/Standard instead of Stage III/NPA aggregating toRs. 386.76 crore
- Fraud cases reported to RBI during period ended 30.09.2026₹ 672.74 Crores
- Total income, latest quarter2,346.88 (₹ in Crores)
- Total income, year-ago quarter2,057.85 (₹ in Crores)
- Total income, previous quarter2,250.60 (₹ in Crores)
- Total comprehensive income, latest quarter425.99 (₹ in Crores)
- Total comprehensive income, year-ago quarter614.76 (₹ in Crores)
- Total comprehensive income, previous quarter278.30 (₹ in Crores)
- Profit after tax, latest quarter552.14 (₹ in Crores)
- Profit after tax, year-ago quarter549.33 (₹ in Crores)
- Profit after tax, previous quarter338.53 (₹ in Crores)
- Profit before tax, latest quarter704.45 (₹ in Crores)
- Profit before tax, year-ago quarter696.39 (₹ in Crores)
- Profit before tax, previous quarter413.75 (₹ in Crores)
Source: BSE · 19 Oct 2026
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