IREDA Q2 Results: PAT Increases To Rs 387 Cr, Up By 36%
IREDA’s net worth as of September 30, 2024, stood at Rs 9,336.15 crore, a year-on-year growth of 41.87 per cent
The Indian Renewable Energy Development Agency (IREDA) on Thursday reported a Profit After Tax of Rs 387.75 crore, reflecting year-on-year growth of 36.18 per cent for the quarter ended September 30, 2024.
The company has also significantly reduced its Net Non-Performing Assets to 1.04 per cent from 1.65 per cent in the corresponding quarter of the previous financial year. The revenue from operations of the company increased to Rs 1,176.96 crore up by 38.52 per cent from Rs 1630.38 crore.
Pradip Kumar Das, Chairman & Managing Director of IREDA, commented on the robust financial performance, stating: “IREDA’s Q2 results reflect our unwavering dedication to advancing India’s renewable energy goals. Our substantial growth in loan sanctions and disbursements underscores our commitment to supporting green projects across the nation.”
IREDA’s net worth as of September 30, 2024, stood at Rs 9,336.15 crore, a year-on-year growth of 41.87 per cent.
