IREDA Registers 45 Percent Growth in Loan Sanctions in Q3 FY25, Disbursements Grew by 25.27 Percent
Indian Renewable Energy Development Agency (IREDA) has reported a 45.01 percent growth in loan sanctions for Q3 FY2024-25, reaching INR 13,226.81 crore, alongside a 25.27 percent rise in loan disbursements and robust improvements across revenue, profit, and loan book metrics.
January 10, 2025. By Mrinmoy Dey
In fact, IREDA’s financial results for the third quarter of FY 2024-25 is showcasing significant growth across key financial metrics. Revenue from operations has increased by 35.57 percent to INR 1,698.99 crore in Q3 FY2024-25 from INR 1,253.20 crore in Q3 FY 2023-24.
Its loan book expanded to INR 68,959.61 crore, showing a 36.34 percent increase compared to INR 50,579.67 crore in Q3 FY 2023-24. Overall, net worth strengthened to INR 9,842.07 crore, registering a 20.99 percent growth from INR 8,134.56 crore in Q3 FY 2023-24.
IREDA’s profit before tax (PBT) stood at INR 538.20 crore, marking a growth of 39.38 percent from INR 386.14 crore in the corresponding quarter of the previous fiscal year. Profit after tax (PAT) stood at INR 425.37 crore, reflecting 26.77 percent rise from INR 335.54 crore in Q3 FY 2023-24.
Its earnings per share (EPS) improved to INR 1.58, growing by 15.03 percent from INR 1.38 in the same quarter of the previous fiscal.
Commenting on the results, Pradip Kumar Das, CMD, IREDA, said, “Our outstanding performance in Q3 FY 2024-25 reflects IREDA's steadfast commitment to accelerating India's renewable energy transition. The significant growth in loan sanctions, disbursements, and the expansion of our loan book highlight our pivotal role in financing sustainable energy projects. With a robust financial position and strong profitability as evidenced by our PAT, IREDA remains well-poised to drive the nation's green energy ambitions forward.”
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