Latest news with #IndianRenewableEnergyDevelopmentAgency
Business Standard
2 days ago
- Business
- Business Standard
IREDA tanks as Q4 PAT slides 36% YoY to Rs 247 cr
Indian Renewable Energy Development Agency (IREDA) tanked 5.01% after the company's consolidated net profit declined 35.65% to Rs 246.88 crore despite 28.95% increase in total revenue from operations to Rs 1,947.60 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) slumped 35.92% to Rs 308.84 crore during the quarter ended 30 June 2025. Total expenses increased 59.90% YoY to Rs 1,655 crore in Q1 FY26. Finance cost stood at Rs 1,218.27 crore (up 24.96%), employee benefit expense was at Rs 21.23 crore (up 7% YoY), while corporate social responsibility (CSR) expenses stood at Rs 8.15 crore (up 31.66% YoY) during the period under review. Operating profit stood at Rs 677 crore in Q1 FY26, up 49.11% as compared with Rs 454 crore in Q1 FY25. The cost of borrowing declined to 7.40% in Q1 FY26, compared to 7.78% in the corresponding quarter of the previous fiscal. Net interest margin increased 3.60% during the quarter as compared with 3.29% recorded in corresponding quarter last year. Yield on loan assets (Gross) stood at 9.95% as on 30 June 2024 as compared with 10.1% as on 31 June 2024. Provision coverage ratio (Stage III) stood at 51.10% as on 30 June 2025 as compared with 57.19% as on 31 June 2024. Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is a public limited government company, established as a non-banking financial institution in 1987, engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.
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Business Standard
2 days ago
- Business
- Business Standard
Ireda share price slips 6% as Q1 profit plunges 36% YoY; details here
Ireda share price: Indian Renewable Energy Development Agency (Ireda) share price dropped as much as 6.24 per cent to hit an intraday low of ₹159.05 per share on Friday, July 11, 2025. At 11:05 AM, Ireda share price was trading 5.07 per cent lower at ₹161.05. In comparison, BSE Sensex was trading 0.78 per cent lower at 82,539.85 levels. Why did Ireda share price drop? Ireda shares declined today following a disappointing financial performance in the June quarter (Q1FY26). Ireda reported a 35.6 per cent year-on-year (Y-o-Y) drop in consolidated net profit, which fell to ₹246.88 crore in Q1FY26 from ₹383.70 crore in the same quarter last year (Q1FY25). Sequentially, net profit plunged over 50 per cent from ₹501.79 crore reported in the March quarter (Q4FY25), signalling a sharp slowdown in earnings momentum. While revenue from operations rose 29 per cent Y-o-Y to ₹1,947.60 crore, and grew 2.3 per cent sequentially, rising costs weighed heavily on profits. Financing costs surged to ₹1,218 crore, up from ₹975 crore in the year-ago period, impacting margins and investor sentiment. About Ireda The Indian Renewable Energy Development Agency (Ireda), established in 1987, is a public limited company under the administrative control of the Ministry of New and Renewable Energy (MNRE), Government of India. As a dedicated financial institution, Ireda plays a crucial role in promoting, developing, and extending financial support to renewable energy and energy efficiency/conservation projects across the country. The organisation operates with the motto 'Energy for Ever' and has emerged as a key driver in India's clean energy transition. Ireda holds the 'Navratna' status, granting it enhanced operational autonomy within the public sector. It is widely recognised as India's largest pure-play green financing Non-Banking Financial Company (NBFC), offering a wide range of services - from project conceptualisation and financing to post-commissioning support and assistance for equipment manufacturing and transmission.
Business Standard
2 days ago
- Business
- Business Standard
Indian Renewable Energy Development Agency consolidated net profit declines 35.66% in the June 2025 quarter
Sales rise 28.62% to Rs 1933.93 croreNet profit of Indian Renewable Energy Development Agency declined 35.66% to Rs 246.88 crore in the quarter ended June 2025 as against Rs 383.70 crore during the previous quarter ended June 2024. Sales rose 28.62% to Rs 1933.93 crore in the quarter ended June 2025 as against Rs 1503.62 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 29 OPM %78.6497.02 -PBDT314.80484.37 -35 PBT304.84475.74 -36 NP246.88383.70 -36 Powered by Capital Market - Live News
Mint
3 days ago
- Business
- Mint
IREDA net profit falls 36 pc to ₹247 cr in June quarter
New Delhi, Jul 10 (PTI) State-owned Indian Renewable Energy Development Agency on Thursday reported a 36 per cent decline in its net profit to ₹ 247 crore in the June quarter compared to a year ago, mainly due to higher expenses. The company had posted a net profit of ₹ 384 crore in the quarter ended on June 30, 2024, a BSE filing showed. However, the revenue from operations improved to ₹ 1,947 crore during the quarter against ₹ 1,510 crore in the year-ago period. The total expense rose to ₹ 1,655 crore in the quarter from ₹ 1,034.96 crore in the same period a year ago. The financing cost climbed to ₹ 1,218 crore compared to ₹ 975 crore, while the impairment on financial instruments was ₹ 363 crore against the gain of ₹ 30 crore a year ago. The net worth of the company appreciated to ₹ 12,042 crore from ₹ 9,110 crore in FY25. Similarly, its loan book increased to ₹ 79,941 crore compared to ₹ 63,207 crore a year ago. The company's loan sanctions grew to ₹ 11,740 crore against ₹ 9,136 crore in the corresponding period a year ago, while the loan disbursements rose to ₹ 6,980 crore from ₹ 5,325 crore. "Our expanding loan book and net worth reflect our strategic focus and robust operations. IREDA supports India's renewable energy journey with a growing portfolio and strong performance, committed to a sustainable future through innovation and responsible finance," Pradip Kumar Das, Chairman and Managing Director of IREDA, said.
Mint
3 days ago
- Business
- Mint
IREDA net profit falls 36 pc to ₹247 cr in June quarter
New Delhi, Jul 10 (PTI) State-owned Indian Renewable Energy Development Agency on Thursday reported a 36 per cent decline in its net profit to ₹ 247 crore in the June quarter compared to a year ago, mainly due to higher expenses. The company had posted a net profit of ₹ 384 crore in the quarter ended on June 30, 2024, a BSE filing showed. However, the revenue from operations improved to ₹ 1,947 crore during the quarter against ₹ 1,510 crore in the year-ago period. The total expense rose to ₹ 1,655 crore in the quarter from ₹ 1,034.96 crore in the same period a year ago. The financing cost climbed to ₹ 1,218 crore compared to ₹ 975 crore, while the impairment on financial instruments was ₹ 363 crore against the gain of ₹ 30 crore a year ago. The net worth of the company appreciated to ₹ 12,042 crore from ₹ 9,110 crore in FY25. Similarly, its loan book increased to ₹ 79,941 crore compared to ₹ 63,207 crore a year ago. The company's loan sanctions grew to ₹ 11,740 crore against ₹ 9,136 crore in the corresponding period a year ago, while the loan disbursements rose to ₹ 6,980 crore from ₹ 5,325 crore. "Our expanding loan book and net worth reflect our strategic focus and robust operations. IREDA supports India's renewable energy journey with a growing portfolio and strong performance, committed to a sustainable future through innovation and responsible finance," Pradip Kumar Das, Chairman and Managing Director of IREDA, said. The company's primary business is to provide finance for Renewable Energy & Energy Efficiency projects and related activities carried out in India.
