Key Board Approvals

The Board of Directors inter-alia approved the following items:

1. Unaudited Financial Results: Approval of the Unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026. The results were subject to a limited review by the joint auditors, Shiv & Associates and Rao & Emmar, Chartered Accountants.

2. Re-appointment of Cost Auditor: Re-appointment of M/s R.M. Bansal & Co., Cost Accountants (FRN:000022), as the Cost Auditor of IREDA for the financial year 2026-27.

Board Meeting Details

The Board Meeting commenced at 03:30 PM and concluded at 07:25 PM on August 03, 2026.

Standalone Financial Results (Q1 FY27 ended June 30, 2026)

Key Financial Figures (in ₹ Crore, unless stated otherwise):

  • Total Income from Operations: ₹2,248.39 (Q1 FY26: ₹1,947.29)
  • Interest Income: ₹2,197.80 (Q1 FY26: ₹1,908.79)
  • Total Income (I+II): ₹2,249.54 (Q1 FY26: ₹1,959.53)
  • Total Expenses: ₹1,836.82 (Q1 FY26: ₹1,654.90)
  • Finance Cost: ₹1,341.04 (Q1 FY26: ₹1,218.27)
  • Impairment on Financial Instruments: ₹418.54 (Q1 FY26: ₹362.61)
  • Profit Before Tax: ₹412.72 (Q1 FY26: ₹304.63)
  • Tax Expense: ₹75.22 (Current Tax: ₹187.80; Deferred Tax: ₹(112.58))
  • Net Profit for the period: ₹337.50 (Q1 FY26: ₹246.68)
  • Total Comprehensive Income for the period: ₹277.65 (Q1 FY26: ₹265.38)
  • Paid-up equity share capital: ₹2,809.23 crore (Face Value ₹10 per share)
  • Other Equity: ₹11,323.27 crore
  • Basic & Diluted EPS (₹): 1.20 (Q1 FY26: 0.91)

Consolidated Financial Results (Q1 FY27 ended June 30, 2026)

The consolidated results include the subsidiary, IREDA Global Green Energy Finance IFSC Limited.

  • Net Profit for the period (Consolidated): ₹338.53 crore
  • Basic & Diluted EPS (Consolidated) (₹): 1.21
  • Other Equity (Consolidated): ₹11,327.96 crore

Key Operational and Financial Metrics (Standalone as of June 30, 2026)

  • Gross Loan Assets: ₹94,851.88 crore (June 30, 2025: ₹79,851.91 crore)
  • Cumulative Impairment Allowance: ₹3,107.15 crore
  • Gross NPA Ratio: 3.76% (June 30, 2025: 4.13%)
  • Net NPA Ratio: 1.22% (June 30, 2025: 2.06%)
  • Provisioning Coverage for Stage III assets: 68.22%
  • Capital to Risk-weighted Assets Ratio (CRAR): 20.30% (Tier I Capital: ₹14,935.83 crore)
  • Net Worth: ₹14,132.50 crore
  • Total Debt / Total Assets: 0.83 times
  • Debt Equity Ratio: 5.59 times
  • Operating Margin: 18.31%
  • Net Profit Margin: 15.00%

Emphasis of Matter and Other Notes from Auditors

The joint auditors highlighted the following matters in their limited review report:

1. Audit Committee: The Audit Committee is not in existence as of March 28, 2026, due to the non-availability of Independent Directors. The power to appoint directors rests with the Government of India, and the company has requested its Administrative Ministry for appointments.

2. Expected Credit Loss (ECL): Impairment is provided based on a board-approved ECL methodology and a report from an independent agency.

3. Court Orders: ₹394.00 crores of loan accounts have been classified as Stage II/Standard instead of Stage III/NPA pursuant to interim orders from various High Courts. As a matter of prudence, interest income on these accounts is recognized only on collection.

4. Fraud Reporting: One case of fraud amounting to Nil crore was reported to the RBI during the period ended June 30, 2026 (previous period: one case of ₹7.80 crores).

Fundraising and Utilization

  • During the quarter, the company raised ₹1,500 crore through the private placement of "IREDA Taxable Unsecured Bonds (Series-XVIII-A)" on June 24, 2026.
  • The disclosure confirms that the issue proceeds have been fully utilized with no material deviation from the stated object.

Debt and Defaults

  • Total Financial Indebtedness: ₹79,002.01 crore (Borrowings: ₹45,823.04 crore; Debt Securities: ₹29,921.57 crore; Subordinated Liabilities: ₹3,257.40 crore).
  • The company confirmed no defaults in the repayment of debt securities, borrowings, or subordinated liabilities as of June 30, 2026.

Security Cover

  • For all secured non-convertible debt securities, a security cover of 3.57 times has been maintained by way of a charge on the company's receivables.

Annexures

The filing includes several annexures providing detailed disclosures as required by SEBI LODR Regulations:

  • Annexure I: Details for the re-appointment of the Cost Auditor.
  • Annexure A: Disclosure under Regulation 52(4) (financial ratios).
  • Annexure B: Disclosure on Security Cover under Regulation 54(3).
  • Annexure C: Disclosure under Regulation 52(7) & (7A) for utilization of issue proceeds.
  • Annexure D: Disclosure of outstanding defaults on loans and debt securities.

Declaration

A separate declaration confirms that the Limited Review Report on both Standalone and Consolidated Financial Results for the quarter contains no audit qualifications.