Indian Renewable Energy Development Agency (IREDA) posted a 49% year-on-year jump in its March quarter consolidated net profit at Rs 502 crore from Rs 337 crore in the year ago period.
The total revenue from operations in Q4FY25 stood at Rs 1,905 crore which was up 37% over Rs 1,391 crore reported in the corresponding quarter of the last financial year.
On a sequential basis, the profit after tax (PAT) surged 18% against Rs 425 crore posted by the power NBFC in Q3FY25. The bottomline was up 12% on the quarter-on-quarter basis versus Rs 1,698 crore in the October-December quarter of FY25.
The earnings were announced after market hours and IREDA shares today closed with 9% gains on the NSE at Rs 168.16 apiece.
The company earned Rs 1,862 crore as interest income in the January-March quarter versus Rs 1,329 crore in the year ago period. In the previous quarter, IREDA had reported interest income of Rs 1,645 crore.
The PSU company incurred interest expenses of Rs 1,104 crore in Q4FY25, witnessing a 30% YoY jump over Rs 847 crore in the year ago period.
The operating profit was reported at Rs 770 crore in Q4FY25 versus Rs 498 crore in the year ago period, which was a 55% jump.
The gross NPAs for the reported quarter stood at Rs 1,866 crore versus Rs 1,845 crore in Q3FY25 and Rs 1,411 crore in Q4FY24.
As a percentage of the total outstanding loan, it was 2.45%, down from 2.68% in Q3FY25 but up from 2.36% in Q4FY24.
The outstanding loan book at the end of March quarter of FY25 stood at Rs 76,282 crore versus Rs 59,698 crore at the end of March quarter of FY24. It was up 28% on a YoY basis.
The total revenue from operations in Q4FY25 stood at Rs 1,905 crore which was up 37% over Rs 1,391 crore reported in the corresponding quarter of the last financial year.
On a sequential basis, the profit after tax (PAT) surged 18% against Rs 425 crore posted by the power NBFC in Q3FY25. The bottomline was up 12% on the quarter-on-quarter basis versus Rs 1,698 crore in the October-December quarter of FY25.
The earnings were announced after market hours and IREDA shares today closed with 9% gains on the NSE at Rs 168.16 apiece.
The company earned Rs 1,862 crore as interest income in the January-March quarter versus Rs 1,329 crore in the year ago period. In the previous quarter, IREDA had reported interest income of Rs 1,645 crore.
The PSU company incurred interest expenses of Rs 1,104 crore in Q4FY25, witnessing a 30% YoY jump over Rs 847 crore in the year ago period.
The operating profit was reported at Rs 770 crore in Q4FY25 versus Rs 498 crore in the year ago period, which was a 55% jump.
The gross NPAs for the reported quarter stood at Rs 1,866 crore versus Rs 1,845 crore in Q3FY25 and Rs 1,411 crore in Q4FY24.
As a percentage of the total outstanding loan, it was 2.45%, down from 2.68% in Q3FY25 but up from 2.36% in Q4FY24.
The outstanding loan book at the end of March quarter of FY25 stood at Rs 76,282 crore versus Rs 59,698 crore at the end of March quarter of FY24. It was up 28% on a YoY basis.
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