New Delhi: In an appearance on the Corporate Connection segment with ET Now Swadesh, Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, provided a comprehensive outlook on the company’s performance following the release of its Q3 FY 2025-26 results. His discussion centered on the themes of sustainable growth, disciplined financial management, and the rapid evolution of the renewable energy sector in India.
Shri Das highlighted that IREDA has continued its trend of setting industry benchmarks by publishing its audited financial results within just nine days of the quarter’s end. He noted that this speed is a reflection of the organization’s commitment to transparency and high standards of corporate governance. Financially, the company reported a net profit of 585 crore for the quarter, a 38% increase over the previous year, supported by a 26% rise in operational revenue to 2,140 crore.
During the interview, Shri Das specifically addressed the company’s strategy for managing borrowing costs and improving profitability. He explained that IREDA is actively diversifying its funding sources, including the use of 54EC bonds and exploring international debt markets. These efforts have helped maintain net interest margins at approximately 3.72%. He also pointed to the success of the recent 2,000 crore qualified institutional placement (QIP), which has strengthened the company’s net worth to over 13,500 crore, providing a solid foundation for future lending.
Asset quality was another focal point of his address. Shri Das expressed satisfaction with the sequential improvement in non-performing assets, with gross NPAs falling to 3.75%. He emphasized that while the company maintains prudent provisioning for stressed assets, its actual historical write-offs remain remarkably low, totaling only 135 crore over nearly four decades of operation.
Looking forward, Shri Das shared an optimistic growth projection of 25-30% for the loan book, which currently stands at 87,975 crore. He reiterated IREDA’s focus on emerging green technologies, such as green hydrogen and offshore wind, alongside traditional solar and wind projects. He concluded by reaffirming the organization’s goal to achieve Maharatna status, which would further lower capital costs and solidify its leadership in India’s energy transition.