Shares of Indian Renewable Energy Development Agency (IREDA) were trading lower on Friday, January 9, slipping over 2% as investors tracked the company’s Q3 FY26 earnings announcement scheduled for later in the day.
The stock was trading around Rs 138.05, down 2.22%, on the National Stock Exchange, as per available market data.
Stock under pressure ahead of results
IREDA has informed exchanges that a meeting of its Board of Directors will be held on Friday, January 9, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company has not specified the exact timing of the results announcement.
In previous quarters, IREDA’s results have been announced during market hours in Q2 and post-market hours in Q1, adding to uncertainty around the timing of the release.
Recent price performance
On Thursday, January 8, IREDA shares were trading nearly 3% lower at Rs 141.6 on the NSE, with the company’s market capitalisation at Rs 39,806.81 crore. The stock’s 52-week high stands at Rs 227.30, recorded on January 9, 2025, while the 52-week low was Rs 129.11, hit on December 9, 2025.
Q2 and recent business update
In the September quarter (Q2 FY26), IREDA reported a 41.67% year-on-year rise in consolidated net profit to Rs 549.33 crore, compared with Rs 387.75 crore in the year-ago period. Consolidated revenue from operations increased 26.24% YoY to Rs 2,057.28 crore.
In its latest business performance update, the company said it had sanctioned loans worth Rs 40,100 crore till December 2025, marking a 29% increase from Rs 31,087 crore a year earlier. The loan book outstanding stood at Rs 87,975 crore as of December 31, 2025, up 28% year-on-year.
The stock remained under pressure during Friday’s session as market participants positioned themselves ahead of the Q3 FY26 earnings announcement.
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