Shares of Indian Renewable Energy Development Agency (IREDA) rose nearly 5% to ₹161.95 on Monday, ahead of the company’s Q4FY25 earnings announcement scheduled for later in the day. The stock opened strong and touched an intraday high of ₹162.45 on the NSE, up from its previous close of ₹154.20.
Investor optimism appears to be driven by the company’s robust operational performance throughout FY25. IREDA, a key government-owned NBFC focused on the renewable energy sector, has already reported a 27% surge in loan sanctions to ₹47,453 crore for the fiscal year. Disbursements also climbed 20% to ₹30,168 crore, while the loan book grew 28% year-on-year to ₹76,250 crore.
In the December quarter (Q3FY25), IREDA posted a net profit of ₹425 crore, up from ₹387.75 crore in Q2FY25. Earnings per share remained steady at ₹1.58.
The board of directors is expected to consider and approve the audited consolidated financial results for the quarter and year ended March 31, 2025, in its meeting today, according to an earlier exchange filing.
Updated stock snapshot
- Current Price: ₹161.95
- Previous Close: ₹154.20
- Day Range: ₹158.60 – ₹162.45
- Market Cap: ₹435.44 billion
- P/E Ratio: 28.39
- Volume: 16.54 million shares
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