Ireda’s shares rise 3% to hit an intraday high after reporting robust H1FY26 performance

Indian Renewable Energy Development Agency Ltd (Ireda) recorded a 3% jump in its share price after the company announced a successful H1 performance in the current financial year. Ireda’s shares were trading 2.9% higher at ₹153.03 apiece in the early hours of today’s session. 

The company reported an 86% surge in loan sanctions to ₹33,148 crore in H1FY26, compared to ₹17,860 crore in the corresponding period last year.  Loan disbursements also recorded a rise of 54% to ₹15,043 crore from ₹9,787 crore in H1 of FY25. The company’s outstanding loan book stood at ₹84,445 crore as on September 30, 2025, reflecting a 31% increase over ₹64,564 crore in the corresponding period of the previous financial year.

“The momentum achieved in the first half of this financial year is a clear indication of Ireda’s continued leadership in renewable energy financing. We will build on this foundation to further scale up support for clean energy projects in alignment with the nation’s green energy goals,” said Pradip Kumar Das, Chairman & Managing Director, Ireda, in a statement. 

Ireda signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), Government of India, outlining strategic targets for the fiscal year 2025-26 in August this year. Under the MoU, the Government of India has set a revenue from operations target of ₹8,200 crore for FY26. Ireda had exceeded its Revenue from Operations target in FY25, achieving ₹6,743.32 crore against the target of ₹5,957 crore. 

At the time of reporting, Ireda’s shares were trading at ₹152.32 apiece, up by 2.43%. This rise comes after the company’s shares have been trading down 1.35% in the past five days. The stock’s performance over the course of the month has advanced by 6.88%, but has been down by 5.20% over six months and has drastically slipped by 31% on a year-to-date basis.