IREDA Establishes Global Green Energy Finance Subsidiary In GIFT City

State-owned IREDA on Thursday said it has incorporated a subsidiary at the International Financial Services Centre located in GIFT City, Gujarat.
09-05-2024
Bigul

Q4FY24 Quarterly & FY24 Annual Result Announced for Indian Renewable Energy Development Agency Ltd.

Financial Institution firm Indian Renewable Energy Development Agency announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights as against Q4FY23: Profit Before Tax: Rs 479.67 crore as against Rs 288.38 crore (up by 66.33%). Profit After Tax: Rs 337.38 crore as against Rs 253.62 crore (up by 33.03%). Loan Sanction: Rs 23,407.57 crore as against 11,796.95 crore (up by 98.42%). Loan Disbursement: Rs 12,869.35 crore as against 11,291.09 crore (up by 13.98%). Loan Book: Rs 59,698.11 crore as against Rs 47,052.52 crore (up by 26.81%). Net-worth: Rs 8,559.43 crore as against Rs 5,935.17 crores (up by 44.22%). Net NPAs: 0.99% as against 1.66% (reduction by 40.52% in percentage terms). FY24 Financial Highlights as against FY23: Profit Before Tax: Rs 1,685.24 crore as against Rs 1,139.25 crore (up by 47.93%). Profit After Tax: Rs 1,252.23 crore as against Rs 864.63 crore (up by 44.83%). Loan Sanction: Rs 37,353.68 crore as against 32,586.60 crore (up by 14.63%). Loan Disbursement: Rs 25,089.04 crore as against 21,639.21 crore (up by 15.94%). Loan Book: Rs 59,698.11 crore as against Rs 47,052.52 crore (up by 26.81%). Net-worth: Rs 8,559.43 crore as against Rs 5,935.17 crores (up by 44.22%). Net NPAs: 0.99% as against 1.66% (reduction by 40.52% in percentage terms). Commenting on the results,Pradip Kumar Das, Chairman & Managing Director of IREDA, expressed his happiness at the remarkable financial results achieved. He emphasized IREDA's steadfast commitment to accelerating the adoption of renewable energy solutions in India, indicating a promising trajectory for investors and stakeholders. CMD, IREDA attributed the company's growth to the unwavering trust and support of its stakeholders, while extending gratitude to the Ministry of New & Renewable Energy and Board of Directors for their indispensable support and guidance. He also commended Team IREDA for their dedication and persistent efforts, which significantly contributed to the outstanding financial performance. Result PDF
22-04-2024

IREDA Shares Surge Over 11% After Q4 Profit Jumps

The company's net profit rose 32.67% year-on-year to Rs 337 crore in the quarter ended March 2024, according to an exchange filing.
22-04-2024

IREDA Q4 Results: Net Profit Jumps 33% To Rs 337 Crore

IREDA's net profit jumps 33% to Rs 337.37 crore in Q4, aided by higher income, as total income surges to Rs 1,391.63 crore from Rs 1,036.31 crore a year ago.
19-04-2024
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