IREDA Shares Surge on ₹88,000 Cr Loan Book, Q3 Disbursements Jump 44%

Business
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Moneycontrol•01-01-2026, 10:14
IREDA Shares Surge on ₹88,000 Cr Loan Book, Q3 Disbursements Jump 44%
- •IREDA's loan book reached ₹87,975 crore in Q3 FY2026, marking a 28% year-on-year increase.
- •Loan disbursements surged by 44% to ₹24,903 crore, while sanctions rose 29% to ₹40,100 crore.
- •Shares gained momentum after Q3 business figures, trading at ₹140.00, up 0.07% on BSE.
- •IREDA shares saw an intraday high of ₹142.40, but most gains dissipated due to investor profit-taking.
- •Since its Nov 2023 IPO at ₹32, IREDA shares hit a record high of ₹310, yielding over 868% returns.
Why It Matters: IREDA's strong Q3 performance, driven by a growing loan book and disbursements, boosted its share price.
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