Indian Renewable Energy Development Agency Ltd Q3FY25; 33% 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 Ministry of New and Renewable Energy, Government of India has given IREDA the ‘Navaratna Status. RBI classified company as “Infrastructure Finance Company”.

Financial Results:

Indian Renewable Energy Development Agency Ltd reported Revenues for Q3FY25 of ₹237.00 Crores down from ₹241.00 Crore year on year, a fall of 30.22%.

Total Expenses for Q3FY25 of ₹141.00 Crores up from ₹110.00 Crores year on year, a rise of 28.18%.

Consolidated Net Profit of ₹77.00 Crores up 32.76% from ₹58.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹18.39, up 32.78% from ₹13.85 in the same quarter of the previous year.