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In summary
Key highlights:
- Standalone PAT: ₹337.5 crore, up 36.8% YoY
- Revenue from operations: ₹2,248.39 crore, up 15.5% YoY
- Loan book: ₹94,851.88 crore, up from ₹79,851.91 crore
- Net NPA: 1.23%, compared with 2.06% a year earlier
- Gross NPA: 3.76%, compared with 4.13% a year earlier
- Net interest margin: 3.75%, compared with 3.60% in Q1 FY26
- Provision coverage ratio: 68.22%
What is IREDA Q1 FY27 results
Understanding market capitalisation
The Indian Renewable Energy Development Agency (IREDA) reported its financial results for the quarter ended 30 June 2026. The results showed higher revenue and profit compared with the same quarter of the previous financial year, while the loan book continued to expand.
The improvement in profitability was accompanied by better year-on-year asset-quality ratios. However, quarterly results should be assessed across several indicators rather than through profit growth alone.
What are the key IREDA Q1 FY27 results?
| Metric | Q1 FY27 | YoY change |
|---|---|---|
| Revenue from operations | ₹2,248.39 crore | +15.5% |
| Standalone PAT | ₹337.5 crore | +36.8% |
| Loan book | ₹94,851.88 crore | Higher from ₹79,851.91 crore |
| Net NPA | 1.23% | Improved from 2.06% |
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How did IREDA's revenue and profit perform?
Standalone profit after tax increased to ₹337.5 crore, from ₹246.68 crore a year earlier. This represents year-on-year growth of approximately 36.8%.
Profitability snapshot
| Particular | Q1 FY27 | Q1 FY26 | YoY change |
|---|---|---|---|
| Revenue from operations | ₹2,248.39 crore | ₹1,947.29 crore | +15.5% |
| Profit after tax | ₹337.5 crore | ₹246.68 crore | +36.8% |
In simple terms, IREDA generated more operating revenue and retained more profit after accounting for expenses and taxes than it did in the year-ago quarter.
How much did IREDA's loan book grow?
This reflects continued expansion in IREDA's lending business, which finances projects linked to renewable energy and related areas.
Loan-book comparison
| Particular | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Outstanding loan book | ₹94,851.88 crore | ₹79,851.91 crore |
| Increase in absolute value | ₹14,999.97 crore | — |
The larger loan book provides context for IREDA's revenue growth because the company earns income from financing activities.
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What happened to IREDA's asset quality?
An NPA, or non-performing asset, is a loan where repayment has remained overdue according to the applicable classification rules. Investors generally monitor NPA ratios because rising stressed assets can increase credit costs and affect profitability.
NPA comparison
| Asset-quality metric | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Gross NPA | 3.76% | 4.13% |
| Net NPA | 1.23% | 2.06% |
| Provision coverage ratio | 68.22% | — |
The year-on-year decline in both gross and net NPA indicates an improvement in asset quality compared with the corresponding quarter of FY26.
Conclusion
IREDA's Q1 FY27 results showed growth across key financial measures. Standalone profit after tax rose to ₹337.5 crore, revenue from operations reached ₹2,248.39 crore, and the loan book increased to ₹94,851.88 crore.
Asset quality also improved year-on-year, with net NPA declining to 1.23% from 2.06%. NIM increased to 3.75%, providing another indicator of the company's lending performance.
The results therefore present a combination of higher profitability, continued loan-book expansion and improved year-on-year asset-quality ratios. Future quarterly results will provide more information on whether these trends continue.
Source: IREDA's Q1 FY27 financial disclosures, along with cross-verification from financial-results coverage.
Disclaimer: Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.
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IREDA Q1 FY27 Results
How did IREDA perform in Q1 FY27?
What was IREDA's net NPA in Q1 FY27?
IREDA reported a net NPA ratio of 1.23% in Q1 FY27, compared with 2.06% in Q1 FY26. Gross NPA also improved to 3.76% from 4.13% over the same period.
What should investors track after IREDA's Q1 FY27 results?
After IREDA's Q1 FY27 results, investors can monitor loan-book growth, gross and net NPAs, NIM, provision coverage and profit growth in subsequent quarters. These metrics together provide a broader view of lending growth, asset quality and financial performance.
What was IREDA's NIM in Q1 FY27?
IREDA's annualised net interest margin was 3.75% in Q1 FY27, compared with 3.60% in Q1 FY26. NIM is a measure used to understand the relationship between interest earned on lending assets and the cost of interest-bearing funding.
Disclaimer
Investments in the securities market are subject to market risk, read all related documents carefully before investing.
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