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Indian Renewable Energy Development Agency Limited (IREDA) announced changes to its senior management, with Bhagirath Siyag, Sujith V Surendran, Koushik Goswami, and Pradipta Kumar Roy ceasing to be Senior Management Personnel effective August 22, 2026. The company also confirmed a record date of September 11, 2026, for the payment of a final dividend of Rs 0.75 per equity share, or 7.50% on the face value of Rs 10, for the financial year 2025-26, pending shareholder approval at the Annual General Meeting, and noted that dividend payments will be made exclusively through electronic mode.

Indian Renewable Energy Development Agency Limited (IREDA) announced changes to its senior management, with Bhagirath Siyag, Sujith V Surendran, Koushik Goswami, and Pradipta Kumar Roy ceasing to be Senior Management Personnel effective August 22, 2026. IREDA also confirmed a record date of September 11, 2026, for the payment of a final dividend of Rs 0.75 per equity share, or 7.50% on the face value of Rs 10, for the financial year 2025-26, pending shareholder approval at the company`s Annual General Meeting, and noted that dividend payments will be made exclusively through electronic mode.

Indian Renewable Energy Development Agency Limited announced that Shri Manoneet Dalal has been appointed as Non-Official Director (Independent Director) on the company’s board for a period of 3 years, effective August 18, 2026, following an order from the Ministry of New and Renewable Energy.

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.

Net profit of Indian Renewable Energy Development Agency rose 37.12% to Rs 338.53 crore in the quarter ended June 2026 as against Rs 246.88 crore during the previous quarter ended June 2025. Sales rose 15.70% to Rs 2237.65 crore in the quarter ended June 2026 as against Rs 1933.93 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2237.651933.93 16 OPM %78.8278.64 - PBDT423.69314.80 35 PBT413.75304.84 36 NP338.53246.88 37 Powered by Capital Market - Live News