IREDA Sets Historic Benchmark as First PSU to Publish Audited Financial Results in Just 15 Days

In a groundbreaking achievement, the Indian Renewable Energy Development Agency Ltd. (IREDA), a leading Public Sector Undertaking (PSU) under the Ministry of New and Renewable Energy, has become the first PSU in India to publish its audited financial results within a remarkable 15 days. This milestone, announced on April 15, 2025, not only positions IREDA as a trailblazer among PSUs but also marks it as the first company in the Non-Banking Financial Company (NBFC) and banking sectors to achieve such a feat, setting a new standard for transparency and operational efficiency.

A Record-Breaking Financial Performance
IREDA’s audited financial results for the quarter and fiscal year ending March 31, 2025, showcased exceptional growth, underscoring the company’s pivotal role in India’s renewable energy landscape. The PSU reported its highest-ever annual Profit After Tax (PAT) of ₹1,699 crore, a significant leap that highlights its robust financial health and strategic focus on green financing. This milestone was accompanied by a 27% growth in loan sanctions, reaching ₹47,453 crore, and a 20% increase in loan disbursements to ₹30,168 crore compared to the previous fiscal year. The company’s loan book also expanded by 28%, standing at ₹76,250 crore, reflecting its aggressive push to support renewable energy projects nationwide.

The speed of publishing these audited results—within just 15 days of the fiscal year’s close—demonstrates IREDA’s commitment to corporate governance, streamlined processes, and digitized data management. This achievement surpasses the Securities and Exchange Board of India’s (SEBI) mandated 60-day timeline for such disclosures, positioning IREDA as a model for other PSUs and financial institutions.

Setting Industry Standards
As India’s largest pure-play green financing NBFC, IREDA has consistently raised the bar for operational excellence. The rapid publication of its audited financial results is a testament to its internal efficiency and dedication to stakeholder trust. This accomplishment builds on IREDA’s prior records, including being the first Central Public Sector Enterprise (CPSE) to publish annual audited results within 25 days in FY 2022-23 and quarterly results within nine days in Q3 FY 2024-25. These milestones reflect a sustained effort to enhance transparency and accountability, critical factors in maintaining investor confidence and supporting India’s renewable energy ambitions.

Pradip Kumar Das, Chairman and Managing Director of IREDA, attributed this success to the relentless efforts of Team IREDA and the unwavering support of key stakeholders, including the Ministry of New and Renewable Energy and the company’s Board of Directors. He emphasized that the swift publication of results underscores IREDA’s role in driving India’s green energy revolution while maintaining financial discipline and operational agility.

A Catalyst for Renewable Energy Growth
IREDA’s financial achievements and rapid reporting are more than just corporate milestones; they signal the PSU’s critical role in advancing India’s renewable energy goals. With a focus on financing projects in solar, wind, hydro, and other renewable energy sectors, IREDA is at the forefront of supporting the nation’s target of achieving 500 GW of non-fossil fuel capacity by 2030. The company’s ability to sanction and disburse loans at scale, coupled with its reduction of net non-performing assets (NPAs) to 0.95% in Q1 FY 2024-25, highlights its effective risk management and strategic vision.
This record-breaking 15-day publication also enhances IREDA’s appeal in the stock market. Since its listing on the NSE and BSE in November 2023, IREDA’s shares have seen significant growth, with a 56% premium at debut and continued upward momentum. On April 15, 2025, the company’s shares jumped nearly 5% following the announcement, reflecting strong market confidence in its performance and governance practices.

A Blueprint for the Future
IREDA’s achievement as the first PSU to publish audited financial results in just 15 days is a landmark moment for India’s public sector and financial industry. It sets a new benchmark for efficiency, transparency, and corporate governance, challenging other PSUs and NBFCs to emulate this model. By combining financial success with operational innovation, IREDA is not only fueling India’s renewable energy growth but also redefining what PSUs can achieve in a competitive and fast-evolving economic landscape.

As India accelerates its transition to sustainable energy, IREDA’s leadership in green financing and corporate excellence will continue to play a pivotal role. This historic milestone is a clear signal that IREDA is not just keeping pace with the times but is actively shaping the future of renewable energy and public sector performance in India.