New Delhi, Jan. 12 -- 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 Rs.142.30 apiece. As of 9.55 am, it was trading at Rs.139.80, up 2.3% despite weakness in the Indian stock market.

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

The revenue from operations jumped 25% YoY to Rs.2,130 crore from Rs.1,698 crore. At the same time, operating performance also remained firm as IREDA's operating profit saw a 31% YoY rise to Rs.857 crore.

The c...