Indian Renewable Energy Development Agency (IREDA) has reported improved financial performance for Q3 FY25–26, supported by loan book growth and higher interest income. For Q3, revenue from operations rose to INR 2,130 crore (~$234.3 million), while operating profit stood at INR 857 crore (~$94.27 million). Profit after tax increased to INR 585 crore (~$64.35 million) compared with the same period last year. The outstanding loan book expanded to INR 87,975 crore (~$9.68 billion) as of December 31, 2025. Net interest margin stood at 3.74%, while the debt–equity ratio improved to 5.41. For the nine months ended December 2025, IREDA reported revenue of INR 6,134 crore (~$674.74 million) and profit after tax of INR 1,381 crore (~$151.91 million). Solar PV continued to account for the largest share of the loan portfolio, alongside exposure to wind, hydro, hybrid, and emerging renewable segments.