The share price of Indian Renewable Energy Development Agency (IREDA) is in the spotlight today, January 9 as the company is set to announce its third-quarter results for FY26 (Q3FY26). In the early trade, the share price of the company fell 1%. With the earnings set to be declared during the day, let’s take a look at the key factors investor need to watch out for ahead of the earning –

Growth slows after a strong start to the year

IREDA entered the Q2FY26 with strong momentum, but the latest numbers suggest that growth has moderated. As of December 31, 2025, the company’s loan book stood at Rs 87,975 crore. This marks a rise of nearly 28% compared to a year ago.

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Disbursements during the first nine months rose sharply to Rs 24,903 crore. However, when viewed on a quarterly basis, disbursements dipped compared to the same period last year. Sanctions followed a similar pattern, showing year-on-year growth for the nine-month period but a sharp slowdown in the December quarter.

Focus on income and margins

One of the key areas the market will track in the Q3 results is core income growth. In the September quarter, IREDA had reported a sharp jump in core income on a year-on-year basis.

Investors will also look for clarity on margins, especially as funding costs and competitive pressures remain factors to watch for financial institutions linked to infrastructure and green energy financing.

Asset quality under the scanner

Asset quality has emerged as a crucial point for IREDA in recent quarters. Following issues related to specific borrower exposures, market participants have been paying closer attention to bad loan numbers. In the September quarter, the company had reported a marginal improvement in both gross and net non-performing assets compared to the June quarter. The Q3 results will indicate whether this improvement has been sustained or if stress has re-emerged.

IREDA share performance

The stock has delivered nearly 5% gains over the past month but declined over 34% in the last 1 year. It is currently trading above its 52-week low of Rs 129.11.