IREDA Reports 37% Net Profit Jump in Q3 Driven by Revenue and Loan Book Growth
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4 SourcesNew Delhi, India
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IREDA Reports 37% Net Profit Jump in Q3 Driven by Revenue and Loan Book Growth

State-owned IREDA reported a 37% year-on-year increase in its standalone net profit for the December quarter, reaching Rs 585 crore. This growth was driven by a 38% surge in revenue from operations, which totaled Rs 2,140 crore. The company's loan book expanded by 28% to Rs 87,975 crore, with disbursements rising 32%. IREDA's CMD highlighted the performance as a reflection of commitment to India's renewable energy transition.

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