IREDA’s third‑quarter earnings beat expectations, sending its shares up more than 4%, while Tejas Networks’ stock slid about 13% to a fresh 52‑week low.
IREDA’s Q3 Performance
For the October‑December quarter of FY 2026, IREDA reported a net profit of ₹584.91 crore, a 37.5% rise from the same period last year.
- Revenue grew 25% to ₹2,129.87 crore.
- The loan book expanded 28% to ₹87,975 crore.
- Net worth increased 38% to ₹13,537 crore.
- Non‑performing assets rose slightly, with the NPA ratio moving from 1.5% to 1.68%.
Strong loan approvals and disbursements in solar, state utilities and ethanol helped drive the profit surge. Net interest income jumped nearly 40% thanks to a larger balance sheet and a better interest spread.
Tejas Networks’ Q3 Results
Tejas Networks posted a consolidated loss of ₹196.55 crore for the same quarter, after earning a profit of ₹165.67 crore a year earlier. The loss narrowed from a ₹307.13 crore loss in the previous quarter.
- Revenue fell sharply, down 88% to ₹306.79 crore.
- The order book stood at ₹1,329 crore.
- Net debt improved to ₹3,349 crore from ₹3,738 crore, mainly due to lower working‑capital needs.
What This Means for Investors
IREDA’s robust earnings and expanding loan portfolio suggest continued momentum in India’s renewable‑energy financing sector, which could keep the stock attractive for growth‑oriented investors.
Tejas Networks’ steep revenue drop and widening losses raise concerns, especially as the share price hit a new low. Investors may want to watch the company’s next steps on cost control and new orders before considering entry.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before making any investment decisions.