IREDA schedules investor meetings, reports strong Q1 FY26 performance

IREDA has scheduled meetings with institutional investors and analysts in Singapore and Japan from September 22-26, 2025. These interactions will cover publicly available documents, with no unpublished price sensitive information to be discussed. This engagement follows a robust Q1 FY26 performance for the Navratna CPSE, which saw revenue from operations increase by 29% to $229 million compared to Q1 FY25. The company's total income also grew by 30% to $230 million.

The company’s outstanding loan book expanded by 26% year-on-year to $9,394 million as of June 30, 2025. Asset quality metrics showed an increase, with Gross NPA at 4.13% ($388 million) and Net NPA at 2.06% ($190 million) for Q1 FY26, largely attributed to a single borrower shifted to NPA status due to a court order. Despite this, IREDA maintains strong credit ratings of "AAA" Stable domestically and 'BBB-' Long-Term Stable internationally.

In other developments, IREDA has been granted Section 54EC Tax Benefit status for its bonds, allowing investors to save on long-term capital gains from immovable property sales. The company has also raised $694 million in borrowings during Q1 FY26, bringing its total outstanding borrowings to $7,802 million, with 85% being domestic. Notably, IREDA secured a JPY 26 billion ECB Facility from SBI Tokyo and successfully raised ₹2,005.90 Cr ($236 million) through a Qualified Institutional Placement (QIP).