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IREDA Reports 49% YoY Jump in Q4 FY25 Profit; Solar Sector Leads Loan Portfolio

The Indian Renewable Energy Development Agency (IREDA), a government-owned lender, reported a 49% year-over-year (YoY) increase in profit after tax (PAT) for Q4 FY 2025, reaching Rs502 crore, up from Rs337 crore in the same period last year. This surge is attributed primarily to a reduction in non-performing assets (NPAs).

Revenue from operations during Q4 rose 37% YoY to Rs1,904 crore. The lender’s outstanding loan book stood at Rs76,281 crore, marking a 20% growth compared to the previous year.

For the full fiscal year 2025, IREDA posted a net profit of Rs1,699 crore, a 36% increase YoY, while annual revenue hit Rs6742 crore, also rising 36%. The net worth climbed 28% YoY to Rs10,260 crore, a 22% increase from FY 2024.

The solar energy sector made up the largest share of IREDA’s loan portfolio at 24%, followed by wind (14%) and hydropower (11%). Other segments included manufacturing (6%), hybrid (4%), transmission (3%), and electric vehicles (1%). Rajasthan (17%), Karnataka (13%), and Andhra Pradesh (12%) were the top states with outstanding loans.

Loan approvals rose 27% in FY 2025, according to provisional figures. In March 2025, IREDA also raised Rs910 crore through privately placed subordinated Tier II bonds, further strengthening its capital base. In the preceding quarter (Q3 FY25), IREDA reported a 27% YoY rise in profit to Rs425 crore.

These robust financials reflect IREDA’s growing role in financing India’s clean energy transition, particularly in solar, wind, and emerging sectors like EVs and hybrid energy.