IREDA Shares Jump 2% as Q3 Loan Disbursements Soar 44% to Rs 24,903 Crore

Business
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Moneycontrol•01-01-2026, 10:16
IREDA Shares Jump 2% as Q3 Loan Disbursements Soar 44% to Rs 24,903 Crore
- •IREDA shares gained 2% on January 1, reaching Rs 142.30 apiece, following strong Q3 FY26 provisional business updates.
- •Loan disbursements surged 44% YoY to Rs 24,903 crore in Q3 FY26, up from Rs 17,236 crore in the previous year.
- •Loans sanctioned increased 29% YoY to Rs 40,100 crore, compared to Rs 31,087 crore in the year-ago period.
- •The company's loan book grew 28% YoY, reaching Rs 87,975 crore from Rs 68,960 crore.
- •These Q3 figures are provisional and subject to audit approval.
Why It Matters: IREDA's strong Q3 loan growth fueled a 2% share price increase, reflecting robust business performance.
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