| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total income | 2,347 | 2,058 | +14.0% |
| Net interest income | 942 | 817 | +15.2% |
| Net profit | 552 | 549 | +0.5% |
| EPS | ₹1.97 | ₹1.97 | 0.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 28,258 | — | — | |
| 8,919 | 8,339 | 6,756 | |
| — | +23.4% | — | |
| 3,567 | 3,276 | 2,435 | |
| — | +34.5% | — | |
| 3.8% | 3.8% | 3.4% | |
| 9.3% | 9.3% | 10.5% | |
| 0.9% | 0.9% | 0.3% | |
| 1,968 | 1,874 | 1,698 | |
| — | +10.3% | — | |
| ₹6.84 | ₹6.67 | ₹6.29 | |
| — | +6.0% | — | |
| 15.6% | 15.6% | 17.2% | |
| 2.2% | 2.2% | 2.4% | |
Balance sheet | |||
| 94,048 | 90,197 | 75,320 | |
| — | +19.8% | — | |
| 77,846 | 77,846 | 64,740 | |
| 5.65× | 5.65× | 6.31× | |
| 6.80× | 6.80× | 7.77× | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 28,258.0 | |
| Total Income | — | 6,755.7 | 8,338.9 | 8,918.7 | |
| Growth %, YoY | — | — | +23.4 | — | |
| Net Interest Income | — | 2,435.3 | 3,275.8 | 3,566.8 | |
| Growth %, YoY | — | — | +34.5 | — | |
| NIM %, on assets | — | 3.42 | 3.78 | 3.78 | |
| Cost to Income % | — | 10.47 | 9.30 | 9.30 | |
| Credit Cost %, on avg loans | — | 0.31 | 0.94 | 0.94 | |
| Net Income | — | 1,698.3 | 1,874.0 | 1,968.5 | |
| Growth %, YoY | — | — | +10.3 | — | |
| EPS, Adj (current shares) | — | 6.29 | 6.67 | 6.84 | |
| Growth %, YoY | — | — | +6.0 | — | |
| ROE % | — | 17.21 | 15.58 | 15.58 | |
| ROA % | — | 2.39 | 2.16 | 2.16 | |
| Balance Sheet | |||||
| Loans | — | 75,320.0 | 90,196.6 | 94,048.4 | |
| Growth %, YoY | — | — | +19.8 | — | |
| Total Borrowings | — | 64,740.3 | 77,845.6 | 77,845.6 | |
| Debt/Equity × | — | 6.31 | 5.65 | 5.65 | |
| Leverage (Assets/Equity) × | — | 7.77 | 6.80 | 6.80 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Indian Renewable Energy Development Agency (NSE: IREDA) had a market capitalisation of ₹28,429 crore at the 29 October 2026 close (₹101.20 a share), a PE ratio of 14.8 on the last four quarters' profit and a price-to-book ratio of 1.98. In FY26 its consolidated net profit was ₹1,874 crore on revenue of ₹8,310 crore; in Q2 FY27 (July–September 2026) it was ₹552 crore, down 10.2% year on year. Promoters held 71.76% of the shares on 30 September 2026.
IREDA's PE ratio is 14.8 at the 29 October 2026 close (₹101.20 a share): a market capitalisation of ₹28,429 crore divided by consolidated net profit of ₹1,920 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,874 crore) it is 15.2.
IREDA's debt-to-equity ratio was 5.64 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹80,940 crore against total equity of ₹14,340 crore. A year earlier, on 30 September 2025, it was 5.41.
IREDA's net worth — shareholders' equity in its consolidated balance sheet — was ₹14,340 crore on 30 September 2026, up 11.0% from ₹12,922 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹28,429 crore at the 29 October 2026 close.
IREDA's price-to-book (PB) ratio is 1.98 at the 29 October 2026 close: a market capitalisation of ₹28,429 crore divided by shareholders' equity (book value) of ₹14,340 crore on 30 September 2026. That is a book value of ₹51.05 per share against a share price of ₹101.20.
IREDA's book value per share was ₹51.05 on 30 September 2026: shareholders' equity of ₹14,340 crore divided by the 280.92 crore shares in issue, up 11.0% from ₹46.00 a year earlier. The share price at the 29 October 2026 close was ₹101.20.
IREDA's dividend yield is 1.33% at the 29 October 2026 close: dividends of ₹1.35 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹101.20. They were ₹0.75 on 11 September 2026 and ₹0.60 on 2 April 2026 (interim).
IREDA's market capitalisation was ₹28,429 crore at the 29 October 2026 close: 280.92 crore shares at ₹101.20 each.
In FY26, IREDA's return on equity (ROE) was 15.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year).
IREDA's basic earnings per share (EPS) were ₹6.73 in FY26, against ₹6.32 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹7.03.
In 2026, IREDA has declared two dividends totalling ₹1.35 a share: ₹0.60 (interim) with record date 2 April 2026 and ₹0.75 with record date 11 September 2026.
Promoters held 71.76% of IREDA on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
IREDA's latest results are for Q2 FY27 (July–September 2026): consolidated net profit ₹552 crore, down 10.2% from ₹615 crore in Q2 FY26; revenue from operations ₹2,346 crore, up 14.0% year on year.
On 30 September 2026, IREDA's shares were held by promoters 71.76%, foreign portfolio investors (FII/FPI) 2.57%, domestic institutions (DII) 2.53% (including mutual funds at 0.14%) and retail and other non-institutional investors 23.14%. Over the year, FII holding was up 0.65 percentage points from 1.92% and DII holding was down 0.04 percentage points from 2.57%.
At the 29 October 2026 closing prices, on FY26 net profit, IREDA's PE ratio is 15.2, the second highest of the four: PFC 4.1, REC 4.8 and ICICI Prudential Asset Management 41.1, a peer average of 16.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, IREDA earned net profit of ₹1,874 crore on revenue of ₹8,310 crore, against ₹25,901 crore on ₹1,15,444 crore for PFC. At the 29 October 2026 close, IREDA's market capitalisation was ₹28,429 crore against ₹1,05,801 crore for PFC, and its PE ratio on FY26 profit 15.2 against 4.1.
In FY26 (April 2025–March 2026), IREDA's consolidated net profit was ₹1,874 crore, up 6.0% from ₹1,767 crore in FY25, on revenue from operations of ₹8,310 crore (up 23.2%).
IREDA has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against PFC, REC and ICICI Prudential Asset Management: IREDA's return on equity of 15.6% is the lowest of the four (PFC 20.7%, REC 20.0%, ICICI Prudential Asset Management 79.1%; peer average 39.9%).
From Indian Renewable Energy Development Agency's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.