IREDA Q2 Results: Net Profit Jumps 41% to ₹549 Crore
State-owned Indian Renewable Energy Development Agency (IREDA) reported strong financial performance for the second quarter, with net profit surging 41% year-on-year to ₹549 crore, driven by higher income.
Key Financial Highlights
- Net Profit: ₹549 crore, up 41% from ₹388 crore (Q2 FY25)
- Revenue from Operations: ₹2,057 crore, up 26% from ₹1,630 crore
- Loan Book: ₹84,477 crore, up 31% from ₹64,564 crore
- Loan Sanctions: ₹21,408 crore, up 145% from ₹8,724 crore
- Disbursements: ₹8,062 crore, up 81% from ₹4,462 crore
- Net Worth: ₹12,920 crore, up 38% from ₹9,336 crore
Management Commentary
“IREDA’s consistent growth across quarters underscores our strategic focus and execution excellence. Expansion in loan book and strong financials…highlight our role as a key enabler in India’s clean energy ecosystem,” said Pradip Kumar Das, Chairman and Managing Director.
IREDA operates as a non-banking financial company under the Ministry of New & Renewable Energy, specializing in financing renewable energy projects across India.
