IREDA’s Q1 Revenue Up 15% on Higher Loan Interest Accruals

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a revenue from operations of ₹22.5 billion (~$235.2 million) in the first quarter (Q1) of the financial year (FY) 2027, up 15% year-over-year (YoY) compared with ₹19.48 billion (~$203.6 million).Interest income, which comprised the largest share of revenue, rose 15.2% YoY to ₹21.99 billion (~$229.8 million) from ₹19.09 billion (~$199.5 million).