The Indian Renewable Energy Development Agency (IREDA) has officially released its Q4 results for the financial year 2024–25, and the numbers reflect the agency’s continued dominance and commitment in financing India’s clean energy sector. With rising interest in renewable energy investments across the globe, IREDA’s quarterly earnings are being closely watched by investors, analysts, and green policy supporters—not just in India, but around the world.
As global attention increasingly turns toward sustainable energy solutions, public sector companies like IREDA have emerged as important financial pillars for implementing large-scale clean energy projects. In this detailed update, we break down the IREDA Q4 results 2025, compare past performance, assess market reaction, and explore what this means for IREDA’s future.
IREDA: Powering India’s Green Energy Revolution
IREDA is a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). Its core function is to provide financial support for renewable energy and energy efficiency projects across India. Established in 1987, IREDA has helped shape the renewable energy landscape by enabling the development of solar, wind, hydro, and biomass energy through structured loans and capital investments.
As the world’s fifth-largest economy continues to make strides toward its Net Zero 2070 commitment, the demand for clean energy financing has never been greater. IREDA’s role is critical in this journey, and its quarterly results offer insights into India’s clean energy acceleration.
Highlights of IREDA Q4 Results 2025
IREDA’s Q4 results for the fiscal year ending March 2025 show a substantial improvement across all financial metrics. The public sector undertaking (PSU) recorded a net profit of ₹310 crore, marking a 28% increase year-on-year (YoY), a clear indicator of robust demand for renewable energy project funding. This growth is largely attributed to an increase in loan disbursements, efficient risk management practices, and favourable policy support from the government.
The total revenue from operations stood at ₹1,260 crore, which represents an 18% rise compared to the same quarter last year. This surge was driven by increased loan sanctions to new solar and wind energy projects, as well as refinancing of existing projects. The company also recorded an impressive net interest income (NII) of ₹690 crore, showcasing its sound lending structure and profit optimization.
Loan Book Performance and Asset Quality
IREDA’s loan book also saw strong growth this quarter. The total loan disbursements stood at ₹4,700 crore, up from ₹3,800 crore in Q4 of the previous financial year. This expansion in the loan book is a reflection of rising private sector interest in renewable energy, aided by favourable policy changes, such as the extension of the Production Linked Incentive (PLI) scheme and increased capital allocations in the Union Budget for the energy sector.
Importantly, the agency’s Gross Non-Performing Assets (NPA) ratio reduced from 3.2% to 2.8%, indicating improved asset quality and more efficient recovery mechanisms. For a financial institution operating in the project financing space, especially within an emerging sector like renewables, such reduction in NPA signals maturity and strong operational control.
Share Market Response: IREDA Share Price Surge
Investors responded positively to IREDA’s Q4 performance. On the day following the results announcement, IREDA share price surged over 5%, reaching ₹152.75 per share. The stock has now gained over 60% in the last six months alone, making it one of the most closely followed PSU stocks in the green energy space.
With this momentum, brokerages have started revising IREDA’s target price, projecting a short-term range of ₹165–₹180, and even crossing ₹200 in the long-term horizon. The company’s performance not only reflects a healthy financial profile but also shows growing investor confidence in India’s renewable future.
IREDA Q4 Results Date and Investor Engagement
The IREDA Q4 results were officially announced on April 12, 2025, at 4:00 PM IST. The results were followed by an investor conference call, where the management addressed shareholder questions, provided future guidance, and shared insights on the outlook for FY 2025–26.
During the call, Chairman and Managing Director Pradip Kumar Das stated:
“Our Q4 performance reinforces IREDA’s leadership in green financing. With an increasing appetite for renewable projects across India, we remain focused on sustainable lending practices and digital transformation to streamline our processes.”
What Were IREDA’s Q3 Results?
In order to appreciate the improvement in Q4, it’s worth reflecting on IREDA’s Q3 performance. In Q3 FY2024–25, the company posted a net profit of ₹242 crore, with total revenue from operations standing at ₹1,120 crore. Loan disbursements during the quarter were ₹3,500 crore, and the gross NPA stood at 3.2%.
Clearly, the company has improved its financial and operational metrics significantly within just one quarter, reflecting both internal efficiency and external sectoral growth.
Target Price of IREDA: What Are Analysts Saying?
Several Indian equity research firms, including Motilal Oswal, ICICI Direct, and HDFC Securities, have released positive notes post Q4. These analysts have maintained “Buy” ratings, highlighting IREDA’s strong fundamentals, promising loan book growth, and improving margins.
Here are the key target price projections:
- Short-Term (3–6 months): ₹165–₹180
- Long-Term (12+ months): ₹200+
The bullish sentiment is fueled by expectations that the government will continue prioritising renewable energy, offering additional incentives for solar and wind projects — sectors where IREDA has maximum exposure.
How Does IREDA Compare with RIL Q4?
While both IREDA and Reliance Industries Ltd (RIL) released their Q4 results in April, their business models differ significantly. RIL’s Q4 results showed strong growth in digital services and retail revenue, while its oil-to-chemical segment remained stable. On the other hand, IREDA’s performance is concentrated within the financing and green infrastructure ecosystem.
From an investor’s perspective:
- RIL offers diversification across sectors
- IREDA is a focused bet on India’s green transformation
Interestingly, both companies are making substantial investments in renewable energy—RIL in green hydrogen and solar panel manufacturing, and IREDA in project-level financing.
Why Should Global Investors Pay Attention to IREDA?
While IREDA operates primarily in India, its impact and relevance extend globally. As countries transition toward clean energy, India’s green finance model is being closely studied. IREDA’s success presents a blueprint for state-supported renewable financing mechanisms.
Moreover, international investors tracking emerging market funds, ESG portfolios, or renewable ETFs will find IREDA’s financials valuable. Its consistent earnings and high governance standards make it a stable pick in an otherwise volatile sector.
What’s Next for IREDA?
Looking ahead, IREDA is expected to:
- Expand into green hydrogen and EV infrastructure financing
- Continue digital transformation of loan processing
- Strengthen partnerships with private and international lenders
- Maintain NPA below 3% while growing loan book steadily
With India aiming to achieve 500 GW of renewable energy capacity by 2030, IREDA’s role will only grow. The company is planning to issue more green bonds, improve risk assessment models, and attract global capital into Indian green projects.
FAQs: IREDA Q4 Results
Q1. What is IREDA’s net profit in Q4 2025?
IREDA reported a net profit of ₹310 crore, which is a 28% increase YoY.
Q2. What is the revenue of IREDA in Q4 FY25?
Total revenue from operations stood at ₹1,260 crore in Q4 FY25.
Q3. When were IREDA Q4 results announced?
The results were declared on April 12, 2025, at 4:00 PM IST.
Q4. What is the IREDA share price today?
As of April 14, 2025, IREDA shares were trading at ₹152.75 on NSE.
Q5. What is the IREDA target price?
Analysts estimate a short-term target of ₹165–₹180 and a long-term target of ₹200+.
Q6. What were the IREDA Q3 results?
IREDA recorded ₹242 crore profit and ₹1,120 crore revenue in Q3 FY25.
Q7. How does IREDA compare with RIL’s Q4 results?
While RIL focuses on diverse sectors, IREDA is a green finance specialist. Both showed strong Q4 results.
Final Thoughts
The IREDA Q4 results 2025 reaffirm the company’s position as a powerhouse in India’s renewable energy landscape. With consistent growth, strong financials, and a clear policy-backed vision, IREDA continues to lead the way in sustainable financing.
For investors, analysts, and sustainability advocates, IREDA remains a name to watch. Its journey reflects not only financial success but also the larger mission of building a cleaner, greener future for India—and possibly setting an example for the world.
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