IREDA shares surge over 7% on strong March quarter earnings

IREDA reported a 48.65% jump in its consolidated net profit for the January-March quarter of the financial year 2024-25 at ₹501.55 crore. The company had reported a net profit of ₹337.39 crore in the corresponding quarter last fiscal.

Its total revenue from operations stood at ₹1,905.06 crore in the reporting quarter as against ₹1,391.26 crore in Q4FY24, rising 37% year-on-year (YoY).

For Q4 FY25, IREDA's interest income grew over 40% to ₹1,861.14 crore. The company’s total expenses surged 41% to ₹1,284.75 crore.

The PSU firm also appointed cost accountants RM Bansal and company as its cost auditor for the current financial year—FY26. The appointment will be effective from Tuesday.

IREDA in April had reported a 27% YoY rise in loan sanctions to ₹47,453 crore in 2024-25 as against ₹37,354 crore in the previous year.

Loan disbursements rose 20% to ₹30,168 crore from ₹25,089 crore logged in 2023-24, as per the provisional data shared by the company.

The outstanding loan book also expanded 28% to reach ₹76,250 crore as of March 31, 2025, up from ₹59,698 crore in the previous year.

Earlier this month, IREDA’s board of directors had approved the enhancement of the borrowing programme for FY25 by ₹5,000 crore. The company’s borrowing limit for FY 2024-25 had been increased to ₹29,200 crore from the previous ₹24,200 crore.

"IREDA's sustained growth in revenue, profitability, and loan book underscores our strategic focus towards financing India's renewable energy ambitions.

"We remain committed to being the enabler of India's green energy transition through innovative financial solutions and strategic partnerships," its Chairman and Managing Director Pradip Kumar Das said.

IREDA, under the Ministry of New and Renewable Energy, is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation.

As of 9:24 am, IREDA shares traded 5.92% higher at ₹176.55, outperforming the BSE 200 index which was up 0.17%.