IREDA Soars 4%, Tejas Networks Plummets 13% After Q3 Results

• IREDA's Q3 profit surged 37.5% year-on-year to ₹584.91 crore, driving its shares up over 4%.
• The company's operational revenue grew over 25% to ₹2,129.87 crore, with a 28% increase in its loan book.
• Despite a slight rise in Net NPA to 1.68%, analysts maintain a positive outlook for IREDA due to renewable energy sector momentum.
• Tejas Networks reported a consolidated net loss of ₹196.55 crore in Q3 FY26, a significant swing from profit last year.
• Tejas Networks' operational revenue dropped over 88% to ₹306.79 crore, causing its shares to fall 13% to a 52-week low.

Why It Matters: IREDA's strong Q3 performance boosted its shares, while Tejas Networks' loss led to a sharp decline.