IREDA’s Q1 FY27: Loan book growth stays strong as credit costs rise

It covers the quarter ended 30.06.2026 (Q1 FY27) and is dated 03rd August 2026.

Standalone revenue from operations was Rs 2,248 crore and profit after tax was Rs 338 crore for the quarter ended 30-Jun-26.

Outstanding loan book was Rs 94,936 crore as on 30.06.2026.

Key shares include solar 26%, loan facility to state utilities 19%, wind 11%, manufacturing 11%, hydro 8%, ethanol 8%, and hybrid wind and solar 6%, with smaller shares across other categories.

Gross NPA was Rs 3,568 crore (3.76%) and net NPA was Rs 1,134 crore (1.23%) as of Q1 FY27.

Domestic long-term borrowings are rated AAA (Stable) by multiple agencies; international rating by S and P Global is BBB (Stable) long-term and A-2 (Stable) short-term.

IREDA disclosed that it declared fraud and reported to RBI the borrower accounts of Gensol Engineering Limited (Rs 453.77 crore outstanding) and Gensol EV Lease Limited (Rs 218.97 crore outstanding), with provision held of 85% as on 31.03.2026.