IREDA Share Price in Focus Ahead of Q3 FY25 Financial Results

Indian Renewable Energy Development Agency Limited (IREDA) is in focus ahead of the Q3 FY 2025 financial results announcement. On January 9, 2025, IREDA share price opened at ₹224.90, slightly up from its previous close of ₹223.38. At 10:42 AM, the share price of IREDA was trading at ₹224.27, up by 0.40% on the NSE. As of the same time, the stock price touched its day’s high at ₹227.30.

In December 2024, IREDA announced to the stock exchanges that its Board of Directors would meet on Thursday, January 9, 2025, to review and approve the audited financial results for the quarter and nine months ending December 31, 2024.

Recent Developments 

Earlier this week, Indian Renewable Energy Development Agency Limited has received an “Excellent” rating for its performance in the MoU signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 98.24 (rounded to 98).

The company stated that this marks the 4th consecutive year that IREDA has earned the “Excellent” rating, demonstrating its strong commitment to operational excellence and the highest standards of corporate governance. Over the past three years, IREDA has consistently delivered exceptional results, with scores of 93.50 in FY 2022-23, 96.54 in FY 2021-22, and 96.93 in FY 2020-21. These consistent achievements reflect the organisation’s dedication to advancing India’s renewable energy objectives.

Q2 FY 2025 Financial Highlights

In the second quarter of FY24-25, IREDA reported a total income of ₹1,630.38 crore, marking a 39% growth compared to ₹1,176.96 crore in the same quarter of the previous year. Profit After Tax (PAT) for Q2 stood at ₹387.75 crore, reflecting a 36% increase from ₹284.73 crore in Q2 FY23-24.

For the first half of FY24-25, the company’s total income reached ₹3,141.09 crore, up by 35% from ₹2,320.46 crore in H1 FY23-24. The PAT for H1 was ₹771.44 crore, a 33% rise from ₹579.31 crore during the same period last year.

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