The share price of Indian Renewable Energy Development Agency Ltd. closed 9% ahead of the company's earnings announcement. The scrip ended at Rs 168.16 apiece.
Ireda had reported strong financial results for Q3 FY25. The company's revenue from operations increased by 35.57% to Rs 1,698.99 crore, while profit after tax rose by 26.77% to Rs 425.37 crore.
Ireda, a public sector enterprise, provides financial assistance and related services to projects focused on renewable energy and energy efficiency or conservation.