Indian Renewable Energy Development Agency Ltd Q2FY25; 13% 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

Den Networks Ltd reported Revenues for Q2FY25 of ₹249.00 Crores down from ₹277.00 Crore year on year, a fall of 10.11%.

Total Expenses for Q2FY25 of ₹249.00 Crores down from ₹265.00 Crores year on year, a fall of 6.04%.

Consolidated Net Profit of ₹52.00 Crores up 13.04% from ₹46.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.09, up 13.54% from ₹0.96 in the same quarter of the previous year.