IREDA’s revenue rose 37% year-on-year to ₹1,904 crore in the fourth quarter

Shares of Indian Renewable Energy Development Agency Limited (IREDA) gained 6 per cent on Wednesday following Q4 result updates. The Q4FY25 show has boosted investors’ confidence.

The State-owned IREDA reported a 49 per cent increase in its standalone profit after tax to ₹502 crore in the quarter ended March 31, 2025. The revenue rose 37 per cent year-on-year (y-o-y) to ₹1,904 crore in the fourth quarter.

Axis Securities observed in its daily derivates report that the robust bottom-line growth was primarily fuelled by 47.3 per cent expansion in net interest income to ₹801.3 crore.

“Concurrently, the futures market experienced a 19 per cent spike in open interest, the largest single-day increase, adding 9.22 million shares and reaching a series high. This confluence of significant price appreciation and a substantial long build-up in the derivatives segment strongly suggests an anticipation of continued upward momentum in the stock,” it added.

According to the stock exchange disclosure, loan sanctions for FY25 stood at ₹47,453 crore, a 27 per cent increase from ₹37,354 crore in the previous year, and its loan disbursements were up 20 per cent to ₹30,168 crore as against to ₹25,089 crore in FY24.

Shares traded at ₹176.56 on the NSE, higher by 5.74 per cent as at 9.45 am, after hitting a high of ₹179.50. It opened for trade at ₹177.03 against the previous close of ₹166.98.

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Published on April 16, 2025