Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indian Renewable
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 869 | 1,036 | 1,143 | 1,177 | 1,253 | 1,391 | 1,510 | 1,630 | 1,698 | 1,904 | 1,947 | 2,057 | 2,130 |
| Interest | 524 | 638 | 764 | 793 | 760 | 847 | 975 | 1,030 | 1,032 | 1,104 | 1,218 | 1,213 | 1,233 |
| Expenses + | 105 | 104 | -66 | -3 | 99 | 56 | 51 | 131 | 119 | 170 | 427 | 138 | 179 |
| Financing Profit | 240 | 294 | 445 | 387 | 394 | 488 | 484 | 469 | 548 | 630 | 302 | 706 | 718 |
| Financing Margin % | 28% | 28% | 39% | 33% | 31% | 35% | 32% | 29% | 32% | 33% | 16% | 34% | 34% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 11 | 12 | 1 | 10 |
| Depreciation | 6 | 6 | 6 | 7 | 8 | 9 | 9 | 9 | 10 | 11 | 10 | 10 | 11 |
| Profit before tax | 235 | 288 | 440 | 380 | 386 | 480 | 476 | 460 | 538 | 630 | 305 | 696 | 717 |
| Tax % | 14% | 12% | 33% | 25% | 13% | 30% | 19% | 16% | 21% | 20% | 19% | 21% | 18% |
| Net Profit + | 201 | 254 | 295 | 285 | 336 | 337 | 384 | 388 | 425 | 502 | 247 | 549 | 585 |
| EPS in Rs | 0.88 | 1.11 | 1.29 | 1.25 | 1.25 | 1.26 | 1.43 | 1.44 | 1.58 | 1.87 | 0.88 | 1.95 | 2.08 |
| Gross NPA % | 4.24% | 3.21% | 3.08% | 3.13% | 2.90% | 2.19% | 2.19% | 2.68% | 2.45% | 4.13% | 3.97% | 3.75% | |
| Net NPA % | 2.03% | 1.66% | 1.61% | 1.65% | 1.52% | 0.95% | 1.04% | 1.50% | 1.35% | 2.06% | 1.97% | 1.68% |
Financials of Indian Renewable
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 1,118 | 1,174 | 2,020 | 2,369 | 2,655 | 2,860 | 3,483 | 4,965 | 6,754 | 8,038 |
| Interest | 646 | 668 | 1,183 | 1,459 | 1,570 | 1,587 | 2,088 | 3,164 | 4,141 | 4,768 |
| Expenses + | 88 | 84 | 431 | 649 | 495 | 430 | 232 | 85 | 471 | 914 |
| Financing Profit | 384 | 421 | 406 | 260 | 590 | 843 | 1,163 | 1,716 | 2,142 | 2,357 |
| Financing Margin % | 34% | 36% | 20% | 11% | 22% | 29% | 33% | 35% | 32% | 29% |
| Other Income + | 0 | 1 | -72 | 3 | 3 | 14 | -0 | -1 | 0 | 33 |
| Depreciation | 5 | 4 | 23 | 23 | 23 | 23 | 24 | 30 | 39 | 42 |
| Profit before tax | 379 | 418 | 311 | 241 | 570 | 834 | 1,139 | 1,685 | 2,104 | 2,348 |
| Tax % | 28% | 29% | 20% | 11% | 39% | 24% | 24% | 26% | 19% | |
| Net Profit + | 272 | 298 | 250 | 215 | 346 | 634 | 865 | 1,252 | 1,699 | 1,882 |
| EPS in Rs | 346.56 | 379.86 | 3.19 | 2.73 | 4.42 | 2.77 | 3.78 | 4.66 | 6.32 | 6.78 |
| Dividend Payout % | 20% | 53% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Indian Renewable
Capital structure and asset base
| Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 2,285 | 2,285 | 2,688 | 2,688 | 2,809 |
| Reserves | 1,394 | 1,799 | 1,737 | 2,211 | 2,984 | 3,651 | 5,872 | 7,578 | 10,111 |
| Borrowing | 7,439 | 18,753 | 21,854 | 24,000 | 27,613 | 40,165 | 49,687 | 64,740 | 69,939 |
| Other Liabilities + | 663 | 3,181 | 3,277 | 3,298 | 3,827 | 4,347 | 4,354 | 4,728 | 4,934 |
| Total Liabilities | 10,280 | 24,518 | 27,652 | 30,293 | 36,708 | 50,447 | 62,600 | 79,734 | 87,794 |
| Fixed Assets + | 33 | 303 | 282 | 266 | 248 | 229 | 361 | 349 | 335 |
| CWIP | 7 | 0 | 0 | 0 | 131 | 144 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 99 | 99 | 101 | 626 | 780 |
| Other Assets + | 10,241 | 24,215 | 27,370 | 30,027 | 36,230 | 49,975 | 62,138 | 78,760 | 86,678 |
| Total Assets | 10,280 | 24,518 | 27,652 | 30,293 | 36,708 | 50,447 | 62,600 | 79,734 | 87,794 |
Financials of Indian Renewable
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -5,018 | -1,709 | -3,206 | -5,254 | -12,343 | -11,100 | -14,461 | ||
| Cash from Investing Activity + | -37 | -0 | -2 | -107 | -17 | -23 | -543 | ||
| Cash from Financing Activity + | 3,736 | 2,141 | 2,441 | 5,271 | 12,368 | 11,059 | 14,960 | ||
| Net Cash Flow | -1,319 | 431 | -767 | -90 | 7 | -64 | -44 | ||
| Free Cash Flow | -5,055 | -1,710 | -3,209 | -5,262 | -12,360 | -11,123 | -14,488 | ||
| CFO/OP | -308% | -89% | -141% | -204% | -372% | -220% | -221% |
Financials of Indian Renewable
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | 12% | 11% | 8% | 13% | 15% | 15% | 17% | 18% |
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