IREDA Q4 Results: IREDA Net Profit Soars 48.7% to Rs 501.6 Crore, NII Up by 47.3%

Indian Renewable Energy Development Agency (IREDA) announced its Q4 results, showing strong growth. The company's net profit rose by 48.7% to Rs. 501.6 crore, compared to Rs. 337.39 crore in the same quarter last year. Net Interest Income (NII) also increased by 47.3% to Rs. 801.3 crore, up from Rs. 544.1 crore year-on-year. This sharp rise highlights IREDA's strong financial performance and growth momentum in the renewable energy financing sector.

IREDA Q4 Earnings

In the latest quarter, IREDA's profit before provisions and taxes (PPOP) was Rs. 587 crore, which is 40.7% higher than the Rs. 417 crore they earned in the same quarter last year.

In addition to the Q4 results, IREDA has also appointed RM Bansal and Company as the cost auditor for the current financial year (FY26). The appointment is effective starting today on April 15.

Q4 Results Live: IREDA Share Price Today

The price of IREDA's shares surged by over 9% during the trading session on Tuesday, closing at Rs. 168.16 per share, ahead of the company's Q4 earnings announcement. However, despite today's uptick, the stock remains down nearly 30% on a year-to-date basis.

IREDA Results in Previous Quarters and Year

In the third and second quarters of FY25, IREDA reported net revenues of Rs 1,698.47 crore and Rs 1,629.57 crore, respectively. Q3 net profit was Rs 425 crore, compared to Rs 387.75 crore in Q2 FY25. At Rs 1.58 per share, earnings per share (EPS) remained unchanged. The company's revenue and net profit for fiscal year 2023-2024 were Rs 4,963.95 crore and Rs 1,252 crore, respectively.

Prior to the current fiscal year, the state-owned financial arm for renewable energy production reported a 27% rise in loan approvals to Rs 47,453 crore for the fiscal year ending March 31, 2025, up from Rs 37,354 crore. Loan disbursements to the company grew to Rs 30,168 crore, up 20% from Rs 25,089 crore in the fiscal year ending March 31, 2024.

About IREDA

The Ministry of New and Renewable Energy (MNRE) governs the Indian Renewable Energy Development Agency Limited (IREDA), a 'Navratna' company of Government of India. The Reserve Bank of India (RBI) has registered IREDA as a Non-Banking Financial Company (NBFC) and classified it as a "Public Financial Institution" under Section 4 "A" of the Companies Act, 1956.

IREDA, with the motto "ENERGY FOR EVER," is a Public Limited Government Company established in 1987 as a Non-Banking Financial Company (NBFC). Its aim is to promote, develop, and offer financial support for projects involving energy efficiency and conservation, as well as innovative and renewable energy sources.