IREDA shares jump 4% as PAT rises 38% YoY: Is this PSU stock a good buy after Q3 results?

Shares of Indian Renewable Energy Development Agency (IREDA) jumped up to 4% in intraday deals on Monday, January 12, following the announcement of its third quarter results for FY26.

PSU stock IREDA rose as much as 4.13% to the day’s high of 142.30 apiece. As of 9.55 am, it was trading at 139.80, up 2.3% despite weakness in the Indian stock market.

IREDA Q3 results 2026

State-owned IREDA posted a sharp 37.5% year-on-year (YoY) growth in net profit to 585 crore as against 425 crore a year ago, led by strong revenue.

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