IREDA shares gain 2% as loan disbursements rise 44% to Rs 24,903 crore in Q3

IREDA share price

• IREDA shares rose 2 percent after Q3 FY26 provisional business update
• Loan disbursements up 44 percent YoY to Rs 24,903 crore in Oct-Nov quarter
• Loans sanctioned grew 29 percent YoY to Rs 40,100 crore

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The shares of Indian Renewable Energy Development Agency (IREDA) rose around 2 percent on January 1 after the firm released a provisional update regarding its business performance in the third quarter of FY26.

The shares of the company rose to Rs 142.30 apiece on Thursday, extending gains for the second consecutive session.

IREDA Q3 business update:

In an exchange filing released in the post market hours of December 31, IREDA reported loan disbursements at Rs 24,903 crore for the October-November quarter of the ongoing financial year 2026. This marks a 44 percent year-on-year (YoY) increase from the Rs 17,236 crore loan disbursements reported in the same period of the previous financial year.

The firm’s loans sanctioned meanwhile grew 29 percent YoY to Rs 40,100 crore during the quarter under review, from Rs 31,087 crore in the year-ago period.

IREDA's loan book at the end of the quarter stood at Rs 87,975 crore, marking a 28 percent YoY rise from the Rs 68,960 crore reported in the year-ago period.

It is important to be noted that these are provisional numbers and are subject to audit. The final numbers will be released after the firm’s board considers and approves the audited numbers.

IREDA share price:

IREDA shares have fallen around 1 percent in the past one month, and over 17 percent in the past six months. The stock fell 36 percent in 2025, after rising 125 percent in the past five years.

It currently has a P/E ratio of 25.17, and a market capitalisation of more than Rs 39,525 crore.

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