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Indian Renewable Energy Development Agency Ltd consolidated sales up 3.35% on year in Q2FY2026

(17-Aug-26   11:52)

Indian Renewable Energy Development Agency Ltd share price slipped 0.43% to Rs 116.5 after the company's net profit plunged by 31.28% to Rs 338.53 crore, while revenue from operations slightly gained 3.35% to Rs 2237.65 crore in Q2FY26 over Q1FY26. The market capitalization of Financial Institution industry group stocks on BSE stood at Rs 4.55 lakh crore, declining 0.83%. It has softened by 2.08% over last one week and softened by 6.47% in last one month while the market capitalization of Indian Renewable Energy Development Agency Ltd has eased by 2.92% and 8.77% in the same period respectively. Profit before tax (PBT) of Indian Renewable Energy Development Agency Ltd stood at Rs 413.75 crore in Q2 FY26, expanding by 35.73% year-on-year, and crashing by 33.17% quarter-on-quarter. EBITDA came in at Rs 421 crore, surging by 45.15% YoY and tanking 32.01% sequentially. Total expenses went up by 17.59% to Rs 1836.85 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 32.56 crore, rising by 10.90% YoY. For the TTM ended FY26, revenue from operations jumped by 37.24% to Rs 6685.14 crore, while net profit soared by 35.62% to Rs 1698.34 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 172040% to Rs 2117.67 crore, and PBT witnessed a strong rise of 24.82% to Rs 2103.54 crore compared to previous TTM. Indian Renewable Energy Development Agency Ltd tumbled by 19.01% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.21% during the same period.