Indian Renewable Energy Development Agency Ltd Q1FY25; 30% rise in Profits

Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI. The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015. RBI classified company as “Infrastructure Finance Company”.

Financial Results:

Indian Renewable Energy Development Agency Ltd reported Revenues for Q1FY25 of ₹1,510.00 Crores up from ₹1,143.00 Crore year on year, a rise of 32.11%.

Total Expenses for Q1FY25 of ₹1,035.00 Crores up from ₹704.00 Crores year on year, a rise of 47.02%.

Consolidated Net Profit of ₹384.00 Crores up 30.17% from ₹295.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.43, up 10.85% from ₹1.29 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.