New Delhi: Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy, Shri Pralhad Joshi has lauded the Indian Renewable Energy Development Agency Limited (IREDA) for achieving its highest-ever annual Profit After Tax (PAT) of ₹1,873 crore for the fiscal year 2025-26.
Extending heartiest congratulations to the enterprise, Union Minister Shri Joshi commended the remarkable achievement as a reflection of IREDA’s strong contribution to India’s clean energy transition and sustainable growth.
Union Minister Shri Joshi also conveyed best wishes to Shri Pradip Kumar Das, Chairman and Managing Director (CMD), and the entire IREDA team for their continued success in powering a greener future.
This record-breaking performance serves as a strong validation of the strategic management and institutional oversight led by Shri Pradip Kumar Das. Under his leadership, the Navratna enterprise has successfully transformed into a highly resilient financial entity, experiencing rapid expansion while maintaining strict underwriting standards.
A closer look at the audited standalone financial metrics reveals substantial milestones achieved under the current management. IREDA’s total income from operations surged by 23 percent to reach ₹8,337 crore, compared to ₹6,755 crore in the preceding financial year. Backed by aggressive market positioning and a clear focus on scaling large-scale renewable projects, the company’s total loan book grew significantly by 22 percent, crossing the milestone mark to close at ₹93,069 crore.
Crucially, CMD Shri Pradip Kumar Das has balanced this rapid expansion with strong institutional discipline to improve asset quality. The company’s net non-performing assets (NPAs) dropped to 1.29 percent, demonstrating healthy credit monitoring and risk management practices. Additionally, IREDA’s net worth saw a notable 34 percent increase to ₹13,781 crore, establishing a powerful base to leverage future funding and handle potential market risks.
Commenting on the results, Shri Pradip Kumar Das noted that surpassing a ₹93,000 crore loan book while securing peak profitability is a testament to the internal resilience of the organization and an unwavering belief in India’s renewable energy potential. He emphasized that the agency remains committed to scaling responsibly as the national clean energy transition continues to accelerate.
Following the stellar annual performance, the Board of Directors has recommended a final dividend of 7.5 percent of the face value, which translates to ₹0.75 per equity share for the fiscal year 2025-26, subject to shareholder approval. Summing up the regular and interim payments, the total dividend for the financial year stands at ₹1.35 per equity share.
Shri Das extended his appreciation to the entire team at IREDA for their dedicated operational efforts. He also expressed formal gratitude to the Union Ministry of New and Renewable Energy (MNRE) and the Board of Directors for their sustained governance and policy support, which have kept the agency aligned with the country’s sustainable development goals.