New Delhi: Indian Renewable Energy Development Agency Ltd. (IREDA) has announced a 26.8 per cent jump in net profit to Rs425.37 crore for the October-December quarter of the current financial year from Rs335.54 crore in the same quarter of the previous year.
The country’s largest pure-play green financing Company has recorded a revenue of Rs1,698.99 crore during the third quarter which represents a 35.57 per cent increase compared to Rs1,253.20 crore in Q3 FY 2023-24.
IREDA’s loan sanctions for the third quarter recorded a 45.01 per cent surge to Rs13,226.81 crore compared to Rs9,121.11 crore in the same quarter of the previous year while loan disbursements for the quarter reached Rs7,448.96 crore, up by 25.27 per cent from Rs5,946.45 crore. IREDA’s total loan book has expanded to a robust Rs68,959.61 crore, showing a 36.34 per cent increase compared to Rs50,579.67 crore in Q3 FY 2023-24.
The company’s net worth has strengthened to Rs9,842.07 crore, registering a 20.99 per cent growth from Rs8,134.56 crore in Q3 FY 2023-24.
Its earnings per share (EPS) improved to Rs1.58, growing by 15.03 per cent from Rs1.38 in the same quarter of the previous fiscal. Commenting on the results, IREDA CMD Pradip Kumar Das said, “Our outstanding performance in Q3 FY 2024-25 reflects IREDA’s steadfast commitment to accelerating India’s renewable energy transition.