The shares of Indian Renewable Energy Development Agency (IREDA) dropped by over 3% last week as investors await the company’s fourth-quarter results for the financial year 2024-25. The Q4 FY25 results are scheduled to be announced on Tuesday, April 15.
Q3 FY25 Financial Performance
IREDA, a public sector undertaking (PSU) under the Ministry of New and Renewable Energy, has shown consistent performance in previous quarters. In Q3 FY25, the company reported a 26.8% year-on-year (YoY) increase in its net profit, reaching ₹425.4 crore, compared to ₹335.5 crore in the corresponding quarter of the previous financial year. On a sequential basis, profit after tax (PAT) rose 10% from ₹388 crore reported in Q2 FY25.
The PSU’s total revenue from operations also showed significant growth, rising over 35% year-on-year to ₹1,698.45 crore in Q3 FY25.
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