The shares of Indian Renewable Energy Development Agency (IREDA) fell more than 4% on Monday after the company reported a consolidated net profit of Rs 493 crore for the fourth quarter of FY26, marking a nearly 2% year-on-year (YoY) decline from the Rs 502 crore net profit reported in the corresponding quarter of the previous fiscal year.
IREDA shares dropped to Rs 127.81 apiece on the NSE, bucking the broader market optimism. The company on Friday reported a 14% YoY increase in revenue from operations to Rs 2,175 crore in Q4FY26, compared with Rs 1,905 crore in the year-ago period. Total income also rose 14% YoY to Rs 2,181 crore, while total expenses increased around 21.5% YoY to Rs 1,562 crore during the quarter under review.
