New Delhi: The shares of Indian Renewable Energy Development Agency Limited (IREDA) are expected to be in focus on August 26, 2025, a day after the PSU signed a performance-based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE) outlining strategic targets for the fiscal year 2025-26.
The MoU was signed by Santosh Kumar Sarangi, Secretary, MNRE and Pradip Kumar Das, Chairman & Managing Director, IREDA.
The MOU states that the central government has set a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. It is noteworthy that the PSU, which provides financial assistance and other services to projects related to renewable sources of energy, had exceeded its Revenue from Operations target in FY 2024-25, achieving Rs 6,743.32 crores against the target of Rs 5,957 crore.
“The MoU also includes key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, among other targets,” the release stated.
Expressing confidence in the company’s growth trajectory, Pradip Kumar Das, CMD, IREDA, said: “With the hope for continuing excellent performance for this year also, we are committed to sustaining our track record of excellence. IREDA has earned an ‘Excellent’ rating in MoU performance for four consecutive years since FY 2020-21.”
IREDA details on BSE as of Aug 25, 2025
Previous Close: 147.55
Open: 147.80
High: 149.50
Low: 146.70
52 Wk High: 265.70
52 Wk Low: 137.00
Upper Price Band: 162.30
Lower Price Band: 132.80
Price Band: No Band
Mcap Full (Cr.): 41,506.39
PE/PB: 27.02 / 4.44
ROE: 16.43
Face Value: 10.00
IREDA Q1 2025-26 Results
In the first quarter of 2025-26, IREDA posted a 49% year-on-year growth in operating profit and 30% rise in total income from operations.
Operating Profit stood at Rs 677 crore in Q1 FY 2025-2, while it stood at 454 crore in Q1 FY 2024-25.
Total Income from Operations was recorded at Rs 1,960 crore in April-June quarter of FY26 as against Rs 1,511 crore in the same period a year ago.
IREDA’s Net Worth was recorded at Rs 12,042 crore in the Q1 of FY26 as compared to Rs 9,110 crore in Q1 FY25.
Loan Book: Rs 79,941 crore in the first quarter of 2025-26, while it was Rs 63,207 crore in same quarter last financial year.
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