IREDA Q3 Result : PAT Soars 27% YoY to ₹425 Crore, Revenue Skyrockets 36%"

The Indian Renewable Energy Development Agency (IREDA) recorded a 26.8% year-on-year growth in net profit for Q3, reaching ₹425.4 crore, up from ₹335.5 crore in the same quarter last year. On a sequential basis, its PAT increased by 10% from approximately ₹388 crore in Q2FY25.

Revenue from operations for Q3FY25 rose by over 35%, totaling ₹1,698.45 crore compared to ₹1,253 crore in the corresponding quarter of the previous fiscal. Net interest income (NII) also saw significant growth, climbing 39% year-on-year to ₹622.3 crore, up from ₹448.1 crore in Q3 of the prior year.

For the nine months ending December 31, 2024, IREDA reported operational revenue of ₹4,838 crore, a 35% increase from the same period last year. Profit after tax for this period stood at ₹1,197 crore, reflecting a 31% rise compared to ₹915 crore in the previous fiscal year.

On January 1, IREDA shared its quarterly business highlights, revealing loan sanctions of ₹31,087 crore, a 129% jump from ₹13,558 crore in the year-ago period.

Despite these strong financial results, IREDA’s shares closed 3.5% lower at ₹215.75. Over the past year, the company’s stock has more than doubled, gaining over 109%.