Shares of Indian Renewable Energy Development Agency (IREDA) rose around 2% on Thursday, January 1, after the company released a provisional update on its business performance for the third quarter of FY26.
The stock touched an intraday high of ₹142.30 apiece, extending gains for the second consecutive session.
IREDA Q3 FY26 business update
In a regulatory filing released after market hours on December 31, IREDA reported loan disbursements of ₹24,903 crore during the October–November period of the ongoing financial year. This represents a 44% year-on-year (YoY) increase, compared with ₹17,236 crore disbursed in the corresponding period last year.
The company’s loan sanctions during the quarter rose 29% YoY to ₹40,100 crore, up from ₹31,087 crore in the year-ago period.
IREDA’s loan book stood at ₹87,975 crore at the end of the quarter, registering a 28% YoY growth from ₹68,960 crore reported a year earlier.
The company clarified that the figures disclosed are provisional in nature and subject to audit. Final numbers will be announced after approval by the board.
IREDA share price performance
Despite Thursday’s gains, IREDA shares have declined around 1% over the past one month and over 17% in the last six months. The stock ended 2025 with a 36% decline, after delivering gains of 125% over the past five years.
IREDA currently trades at a price-to-earnings (P/E) ratio of 25.17 and has a market capitalisation of over ₹39,525 crore.
Quick Read
Stock move: Up ~2%
Key trigger: Strong Q3 FY26 provisional business update
Loan disbursements: ₹24,903 crore (+44% YoY)
Loan sanctions: ₹40,100 crore (+29% YoY)
Loan book: ₹87,975 crore (+28% YoY)
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Financial figures are provisional and subject to audit. Stock prices are influenced by multiple market factors.
