IREDA shares surged over 3% following the announcement of its robust Q2 results, reflecting strong operational and financial performance. As of 10:28 AM, the shares were trading 2.43% higher at Rs 153.72.
The company reported a remarkable 41.5% year-on-year increase in net profit, which rose to ₹549 crore from ₹388 crore in the same period last year. This impressive growth was supported by a 26.2% jump in revenue, reaching ₹2,057.3 crore compared to ₹1,630.4 crore in Q2 FY25.
The company’s asset quality remained stable, with gross non-performing assets (NPA) improving to 3.97% from 4.13% in the previous quarter, while net NPA also declined to 1.97% from 2.06% QoQ. Net interest income (NII) experienced a significant boost of 49.5%, rising to ₹817 crore from ₹547 crore year-on-year.
Operating profit saw a substantial increase of 55%, climbing to ₹766 crore from ₹494 crore in the corresponding quarter last year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
