IREDA shares in focus after Q4 profit surges 49% YoY to Rs 502 crore
[hfe_template id='11223']
[ad_1]
Shares of Indian Renewable Energy Development Agency (IREDA) will be in focus on Wednesday after the company reported a 49% year-on-year (YoY) rise in its consolidated net profit for the March quarter to Rs 502 crore, compared to Rs 337 crore in the same period last year. The total revenue from operations in Q4FY25 stood at Rs 1,905 crore which was up 37% over Rs 1,391 crore reported in the corresponding quarter of the last financial year. On a sequential basis, the profit after tax (PAT) surged 18% against Rs 425 crore posted by the NBFC in Q3FY25. The bottomline was up 12% on the quarter-on-quarter basis versus Rs 1,698 crore in the October-December quarter of FY25. The earnings were announced after market hours and IREDA shares today closed with 9% gains on the NSE at Rs 168.16 apiece. The company earned Rs 1,862 crore as interest income in the January-March quarter versus Rs 1,329 crore in the year ago period. In the previous quarter,...