IREDA posted a net profit of ₹501.55 crore for the fourth quarter of FY25, a growth of nearly 49% as against ₹337 crore reported in the Q4 of FY24. The PSU company’s revenue, meanwhile, jumped nearly 37% to ₹1,905.06 crore.
For the quarter under review, IREDA’s net interest income saw a sharp increase of 47% to ₹801 crore from ₹544 crore in the same period last year.
The company’s asset quality however has declined on a year-over-year basis. Net NPA margin rose from 0.99% in Q4 FY24 to 1.35% in Q4 FY25. However, it declined sequentially from 1.5% in Q3 FY25. Gross NPA margin stood at 2.45% during the reported quarter.
IREDA, which finances renewable energy and energy efficiency projects, has benefited from rising demand for green infrastructure funding and a growing loan book.
Earlier in April, the state-run company had already shared its business update for the March quarter.
IREDA now has 26.48 lakh retail shareholders, who now have a 20.25% stake in the company, in comparison to the 25.88 lakh small shareholders who had a 19.95% stake at the end of the December quarter.
Government shareholding in IREDA has remained constant at 75%.
The company is also yet to shed more clarity on the timeline for its Qualified Institutional Placement (QIP). The board has already approved raising ₹5,000 crore through this exercise. The proposal was also approved by its shareholders in February this year.
IREDA’s board has already approved a borrowing plan of ₹30,800 crore for financial year 2026.
The state-run enterprise does not have significant analyst coverage.
Shares of IREDA are trading 7.20% higher on Wednesday at ₹179. On a year-to-date basis, the stock is down 20%, and has corrected 42% from its peak of ₹310.
