IREDA and Tejas Networks Share Price Update: Market Reacts to Q3 Results

The Indian stock market witnessed a mixed trend on January 12, 2026, as shares of Indian Renewable Energy Development Agency (IREDA) surged while Tejas Networks faced sharp losses. Investors closely watched the quarterly results of these two firms, which reflected contrasting performances in the renewable energy and telecom sectors.

Market Performance

• IREDA shares jumped over 4%, reaching Rs 142.3, breaking a two-session losing streak.
• Tejas Networks shares dropped 13%, falling to a fresh 52-week low of Rs 364.25.

The movement highlighted the strong Q3 performance of IREDA versus a challenging quarter for Tejas Networks.

IREDA Q3 FY26 Results

IREDA reported robust growth in the October–December 2025 quarter:

• Standalone Net Profit: Rs 584.91 crore (+37.5% YoY from Rs 425.38 crore)
• Revenue from Operations: Rs 2,129.87 crore (+25% YoY from Rs 1,698.45 crore)
• Outstanding Loan Book: Rs 87,975 crore (+28% YoY)
• Net Worth: Rs 13,537 crore (+38% YoY)
• Net NPA Margin: 1.68% (up from 1.5%)

IREDA’s performance was driven by strong sanctions and disbursements across solar projects, state utilities, and ethanol financing. The firm also saw a rise in net interest income, supported by balance sheet growth and an interest spread of 2.63%.

Tejas Networks Q3 FY26 Results

Tejas Networks reported a challenging quarter for Q3 FY26:

• Consolidated Net Loss: Rs 196.55 crore (compared to net profit of Rs 165.67 crore in Q3 FY25)
• Revenue from Operations: Rs 306.79 crore (down 88% YoY)
• Order Book: Rs 1,329 crore
• Net Debt: Rs 3,349 crore (gross debt Rs 3,885 crore; cash Rs 537 crore)

The company’s sequential loss narrowed from Rs 307.13 crore in Q2 FY26, but the significant decline in revenue highlighted continued pressure in operations.

Summary

January 12 saw diverging paths for IREDA and Tejas Networks. IREDA capitalized on strong loan growth and healthy disbursements to boost profits, while Tejas Networks struggled with declining revenue and reported losses.

Investors tracking IREDA and Tejas Networks share price can note that quarterly results have a direct impact on market sentiment and short-term stock movements.

Source: Moneycontrol