IREDA shares in focus after Q1 profit falls 36% YoY to Rs 247 crore

IREDA's Q1FY26 standalone net profit declined 36% YoY to Rs 247 crore, despite a 29% rise in interest income. The profit drop was attributed to a 60% surge in expenses. IREDA is pursuing recovery actions against Gensol Engineering for loan defaults, having initiated insolvency proceedings and filed recovery applications.