IREDA Shares Jump 5% On Tuesday As PSU Announces Its Q4 Results For FY25 – News18
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IREDA’s board will meet on April 15 to approve the audited financial results for Q4 and the year ending March 31, 2025. Shares will be in focus.
IREDA set to announce its Q4 results for FY2024-25.
IREDA Q4FY25 Results: Shares of IREDA (Indian Renewable Energy Development Agency) jumped nearly 5 per cent in the opening session on Tuesday. The sharp spike in price came as the company’s board is scheduled to meet to consider and approved the audited consolidated financial results of the company for the quarter and year ended March 31, 2025.
The scrip opened at Rs 159.50 apiece, against the previous day close at Rs 154.15 apiece. Around 9:30 Am, the scrip was trading at Rs 161.75 apiece with a gain of 4.93 per cent.
The financing arm in renewable energy production had earlier reported a 27 per cent growth in loan sanctioned to Rs 47,453 crore for the year ended March 31, 2025, as compared to Rs 37,354 crore in the previous fiscal year. Similarly, the company saw a rise in loan disbursements to Rs 30,168 crore, reflecting a jump of 20 per cent from Rs 25,089 crore for the year ended March 31, 2024.
IREDA’s loan book order for the year ended March 31, 2025 stood at Rs 76,250 crore, a jump of 28 per cent from Rs 59,698 crore in the year ended March 31, 2024.
IREDA Financial Performance
IREDA reported its net revenue at Rs 1,698.47 crore and Rs 1,629.57 crore for the third quarter and second quarter of FY25, respectively. The net profit for Q3 stood at Rs 425 crore, as compared to Rs 387.75 crore in Q2FY25. The Earnings Per Share (EPS) remained at Rs 1.58 per share. In the fiscal year 2023-24, the company’s revenue and net profit stood at Rs 4,963.95 crore and Rs 1,252 crore respectively.
