IREDA Q3 results: Indian Renewable Energy Development Agency (IREDA) announced its October to December quarter results on Thursday, January 9. The state-owned company’s net profit rose 27 per cent to ₹425.38 crore in the third quarter of FY2024-25, as against ₹335.53 crore in the same quarter last year.
Revenue from operations grew 37 per cent to ₹1,654.45 crore in the October to December quarter results of FY2024-25, as against ₹1,208.10 crore in the same quarter last year.
The company’s total expenses for the third quarter in FY 2024-25 rose 33.8 per cent to ₹1,160.78 as against ₹867.06 in the same period a year ago.
IREDA Share Price
Shares of Indian Renewable Energy Development Agency (IREDA) closed 3.31 per cent lower at ₹215.90 after Thursday’s market session, compared to ₹223.30 at the previous market close. The company released the results after market close on Thursday.
According to BSE data, the company’s shares hit its 52-week high at ₹310 on July 15, 2024, while the 52-week low was at ₹101.20 on January 10, 2024. IREDA shares have given over 100 per cent returns in the last one year.
Business Insights
The gross non-performing assets (NPAs) of the government-owned NBFC declined to 2.68% in the third quarter of FY25 as against 2.90% in the same period a year ago.
The company’s outstanding loan book stood at ₹68,960 crore as of the quarter ended December 31, 2024. The outstanding loan book was ₹50,580 in the same period last year.
According to a BSE filing, the total assets of state-owned Indian Renewable Energy Development Agency (IREDA) grew 21 per cent to ₹9,842.07 crore in the third quarter as against ₹8,134.56 crore in the same period a year ago.
