INDIAN RENEWABLE ENERGY (IREDA)
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IREDA Q2 net profit rises to ₹554 crore on 14% revenue growth
Ireda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from operations increased by 14%, totaling Rs 2,345 crore. Additionally, loan disbursements surged by 31%, reaching Rs 10,579 crore.
IREDA profits surge 37%
State-owned Navratna firm Indian Renewable Energy Development Agency (IREDA) reported a 36.8% year-on-year increase in net profit for the June quarter, driven by growth in its lending business. The company's net profit rose to ₹337.5 crore in the first quarter of FY27 from ₹246.7 crore a year earlier. Net interest income (NII), a key measure of a lender's earnings, increased 24.1% to ₹856.8 crore from ₹690.5 crore in the corresponding quarter last year.
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