01 Jul , 2025 By : Debdeep Gupta
Shares of Indian Renewable Energy Development Agency Ltd (IREDA) gained in trade on Tuesday, July 1, after the firm reported a strong business performance for the quarter ended June 30, 2025 (Q1FY2026), with robust year-on-year growth across key metrics.
Loan sanctions during the quarter stood at Rs 11,740 crore, marking a 29 percent increase compared to Rs 9,136 crore in the same quarter last year. Loan disbursements rose even higher, growing by 31 percent year-on-year to Rs 6,981 crore, up from Rs 5,326 crore in the corresponding period of FY24.
The company’s loan book outstanding also grew in Q1, reaching Rs 79,960 crore, marking a 27 percent rise from Rs 63,207 crore a year ago.
At 9.20 a.m., shares of the firm were quoting Rs 174.5, higher by 2.6 percent on the NSE compared to the previous session's closing price.
Earlier this quarter, IREDA raised Rs 2,005.90 crore through a qualified institutional placement (QIP) of shares at an issue price of Rs 165.14 apiece. Life insurance major LIC Ltd was allotted 50 percent of the total offer size, worth nearly Rs 1,003 crore at the issue price.
In an exchange filing, IREDA announced that LIC, Societe Generale, Morgan Stanley Asia (Singapore) PTE and Vikasa India EIF I Fund were the entities who were allotted more than 5 percent of the total offering. Nearly 12.15 crore equity shares were issued at an issue price of Rs 165.14 per share via the QIP, marking a discount of over 4.5 percent from the floor price of Rs 173 apiece.
IREDA reported a net profit of Rs 501.55 crore for the fourth quarter of FY25. This marks a rise of nearly 49 percent from the Rs 337.39 crore net profit reported in the Q4 of FY25. The PSU company's revenue from operations, meanwhile, surged nearly 37 percent to Rs 1,905.06 crore.
IREDA is a government-owned financial institution that promotes, develops, and finances renewable energy and energy efficiency projects across India.
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