Shares of Indian Renewable Energy Dev Agency Ltd (IREDA) soared 7% on 16 April after the company announced its quarterly earnings for January-March. 

The state-owned green energy financier reported a robust 49% year-on-year increase in net profit for the March quarter of FY25, with profits rising to Rs 501.55 crore from Rs 337.39 crore in the same period last year, driven by strong performance in its core lending business.

Operating revenue for the quarter grew nearly 37% YoY to Rs 1,905.06 crore, while interest income jumped over 40% to Rs 1,861.14 crore. However, total expenses also saw a 41% rise, reaching Rs 1,284.75 crore.

Although Q4 delivered solid topline and bottomline growth, the company’s margins for the full fiscal year saw a slight dip. IREDA’s net profit margin edged down to 25.14% in FY25 from 25.22% in FY24, while its operating margin softened to 31.01% from 33.92% the previous year.

For the full year, IREDA recorded its highest-ever annual profit after tax (PAT) at Rs 1,699 crore, which is a 36% increase year-over-year. Annual operational revenue also grew by 36%, reaching Rs 6,742 crore.

As of March-end, the company’s net worth rose to Rs 10,266 crore, marking a 20% increase from the previous year.

Pradip Kumar Das, chairman and managing director, IREDA, said, “Ireda’s sustained growth in revenue, profitability, and loan book underscores our strategic focus towards financing India’s renewable energy ambitions. We remain committed to being the enabler of India’s green energy transition through innovative financial solutions and strategic partnerships.”

IREDA, a non-banking financial institution under the Ministry of New and Renewable Energy, plays a pivotal role in financing renewable energy, energy efficiency, and conservation projects across India.

At 11:40 am, the shares of IREDA were trading 5.04% higher at Rs 175.40 on NSE. 

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