IREDA’s shares jumped about 2% on Jan 1 after the company gave a provisional update on its Q3 performance for FY 2026.
Q3 Business Update
In a filing released after market close on Dec 31, IREDA said:
- Loan disbursements for Oct‑Nov 2025‑26 reached ₹24,903 crore, a 44% increase from the same period last year (₹17,236 crore).
- Loans sanctioned grew 29% YoY to ₹40,100 crore, up from ₹31,087 crore.
- The total loan book at quarter‑end was ₹87,975 crore, 28% higher than ₹68,960 crore a year earlier.
These figures are provisional and will be audited before the final numbers are approved by the board.
Share Price Movement
The stock closed at ₹142.30, extending gains for a second day in a row. Over the past month the share has slipped about 1%, and it is down roughly 17% over six months after a 125% rise in the last five years.
Key Metrics
- Price‑to‑Earnings (P/E) ratio: 25.17
- Market capitalisation: over ₹39,525 crore
What It Means for Investors
The sharp rise in loan disbursements shows IREDA is expanding its financing to renewable energy projects, which could support continued stock strength if the trend holds.
Remember, this is just my perspective, not a prediction. Do your own research before making any investment decisions.