Indian Renewable Energy Development Agency (IREDA) reported a 37.1% year-on-year increase in net profit for the first quarter of fiscal 2027, reaching ₹339 crore.
The result underscores the continued expansion of India’s green finance sector, even as the lender faces margin pressure from rising funding costs.
Revenue rose 15.5% year-on-year to ₹2,249 crore, but the bottom line was weighed down by increased finance costs and higher provisions.
Despite the strong annual growth, profitability declined 31.3% sequentially from the previous quarter.
Revenue rose 15.5% year-on-year to ₹2,249 crore, but the bottom line was weighed down by increased finance costs and higher provisions.
This sequential softening highlights the sensitivity of NBFC margins to interest rate environments and credit provisioning norms.
Asset quality remained stable, a critical metric for investors monitoring the health of India’s renewable energy loan book.