Indian Renewable Energy Development Agency (IREDA) has reported a strong set of numbers for the quarter ended March 31, 2025 (Q4 FY25). The company’s consolidated net profit surged 48.7% year-on-year (YoY) to Rs 501.5 crore, compared to Rs 337.4 crore in the same quarter last year.
The Net Interest Income (NII) rose significantly by 57.5% to Rs 758 crore in Q4 FY25 from Rs 481 crore in Q4 FY24. Meanwhile, Pre-Provision Operating Profit (PPOP) grew 40.7% YoY to Rs 587 crore, up from Rs 417 crore in the year-ago period.
The company attributed the robust performance to increased loan disbursements, efficient asset management, and sustained focus on renewable energy lending.
In the preceding quarter ended Dec. 31, 2024, Ireda had reported strong financial results. The company’s revenue from operations rose by 35.57% to Rs 1,698.99 crore, while profit after tax saw an uptick of 26.77% to Rs 425.37 crore.
IREDA is a government-owned non-banking financial company (NBFC) that finances renewable energy projects in India. The company recently made headlines after its stock was included in the F&O segment and has remained active among retail investors.
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