On January 02, 2025, the Indian Renewable Energy Development Agency’s share price traded 0.32% lower at ₹221.05 at 11:00 AM on the NSE. The stock opened at ₹223.70 higher than ₹221.76 at its previous close. The stock surged 3.0% yesterday after the company said its Q3 loan disbursements rose 41% year-on-year (YoY) to ₹17,236 crore.
In the October-December quarter, IREDA approved loans totalling ₹31,087 crore, representing a substantial 129% growth compared to ₹13,558 crore in the same quarter last year.
Disbursements in the December quarter also saw a strong rise, increasing by 41% year-on-year to ₹17,236 crore, up from ₹12,220 crore in the previous year’s quarter.
By the end of the December quarter, IREDA’s outstanding loan book had reached ₹69,000 crore, marking a 36% increase from ₹50,580 crore at the close of 2023.
As per news reports, the Indian Renewable Energy Development Agency Limited (IREDA) has approved funding of more than ₹3,000 crore for green energy initiatives across Odisha. These projects encompass solar, hydro, ethanol, and renewable energy manufacturing sectors.
In Q2FY25, the Indian Renewable Energy Development Agency (IREDA) reported a significant 36% growth in its net profit, reaching ₹387.75 crore compared to ₹284.73 crore in Q2FY24.
The company’s total revenue from operations surged by 38.52%, amounting to ₹1,630.38 crore, up from ₹1,176.96 crore in the same quarter last year.
This robust performance highlights IREDA’s strong financial position, driven by an increase in loan sanctions and disbursements, reflecting its growing role in supporting India’s renewable energy sector.
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