Results - Announcements
Indian Renewable Energy Development Agency Ltd share price declined by 1.48% to Rs 106.5. The Company's net profit surged by 63.10% to Rs 552.14 crore, while revenue from operations slightly gained 4.45% to Rs 2337.25 crore in Q3FY26 over Q2FY26.
The market capitalization of Financial Institution industry group stocks on BSE stood at Rs 4.41 lakh crore, declining 0.78%. It has slipped by 3.24% over last one week and slid back by 14.15% in last one month while the market capitalization of Indian Renewable Energy Development Agency Ltd has softened by 2.11% and 10.92% in the same period respectively.
Profit before tax (PBT) of Indian Renewable Energy Development Agency Ltd stood at Rs 704.45 crore in Q3 FY26, gaining 1.16% year-on-year, and jumping 70.26% quarter-on-quarter. EBITDA came in at Rs 713 crore, rising 0.98% YoY and surging by 69.12% sequentially.
Total expenses reduced by 10.58% to Rs 1642.44 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 30.09 crore, dropping 7.59% YoY.
For the TTM ended FY26, revenue from operations soared by 23.71% to Rs 8270.5 crore, while net profit registered a growth of 10.34% to Rs 1874.0 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 212169% to Rs 2324.51 crore, and PBT expanded by 11.13% to Rs 2337.58 crore compared to previous TTM.
Indian Renewable Energy Development Agency Ltd plunged by 30.48% in last one year, underperforming the benchmark BSE Sensex which has reduced by 12.46% during the same period.