Ireda Share Price Rises After Q4 Profit Growth
Revenue from operations reached Rs 1,905 crore, up 37% from Rs 1,391.3 crore in the previous fiscal's corresponding quarter.
Indian Renewable Energy Development Agency Ltd.'s shares rose 7.50% following the release of its earnings report for the quarter ended March 31, 2025. The non-banking financial company reported a consolidated net profit of Rs 502 crore, marking a 48.7% increase from Rs 337 crore in the same period last year.
The company's total income also saw a rise, growing 37.7% to Rs 1,916 crore compared to Rs 1,392 crore in the year-ago quarter. Revenue from operations contributed significantly to this growth, reaching Rs 1,905 crore, up 37% from Rs 1,391.3 crore in the previous fiscal's corresponding quarter.
Ireda's loan book expanded by 28%, reaching Rs 75,319.98 crore as of March 31, 2025, compared to Rs 58,775.09 crore a year earlier.
The Indian Renewable Energy Development Agency Ltd. (Ireda) is a key player in India's renewable energy sector, providing financial support for sustainable energy projects.
Ireda Share Price Today
The scrip rose as much as 7.50% to 179.50 apiece. It pared gains to trade 5.87% higher at Rs 176.78 apiece, as of 09:39 a.m. This compares to a 0.12% advance in the NSE Nifty 50 Index.
It has risen 10.45% in the last 12 months. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 63.
Out of two analysts tracking the company, one maintains a 'buy' rating and the other one recommends a 'hold' call according to Bloomberg data. The average 12-month consensus price target implies an downside of 16.3%
