IREDA shares jump 4% as Q3 PAT rises 38% YoY: Is this PSU stock a good buy after results?

Shares of Indian Renewable Energy Development Agency (IREDA) jumped up to 4% in intraday deals on Monday, January 12, following the announcement of its third quarter results for FY26.

PSU stock IREDA rose as much as 4.13% to the day’s high of ₹142.30 apiece. As of 9.55 am, it was trading at ₹139.80, up 2.3% despite weakness in the Indian stock market.

IREDA Q3 results 2026

State-owned IREDA posted a sharp 37.5% year-on-year (YoY) growth in net profit to ₹585 crore as against ₹425 crore a year ago, led by strong revenue.

The revenue from operations jumped 25% YoY to ₹2,130 crore from ₹1,698 crore. At the same time, operating performance also remained firm as IREDA’s operating profit saw a 31% YoY rise to ₹857 crore.

The company’s loan book rose 28% in Q3 to ₹87,975 crore, while disbursements jumped 32% to ₹9,860 crore.

The company saw a growth in non-performing assets (NPAs), as its GNPA jumped to 3.75% from 2.68% YoY and NNPA rose to 1.68% from 1.50%. On a sequential basis, however, the figure was lower as GNPA stood at 3.97% and NNPA at 1.97% in the preceding September quarter.