India's IREDA rises on Q3 profit jump

Indian Renewable Energy Development Agency

12/01/2026 04:29

** IREDA INAR.NS rises ~2% to 139.33 rupees

** Co reports 37.7% year-on-year jump in Q3 consol profit; Q3 consol revenue rises 25.4%

** ICICI Direct Research says despite temporary stress in Q1, Q3 performance confirms normalisation in margins, asset quality and earnings

** Adds long-term structural growth story for renewable financing remains intact, supported by balance sheet growth, stable margins and sustained asset quality

** More than 16.8 mln shares traded vs 30 day avg of 8.2 mln

** INAR fell 35% in 2025

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))