IREDA Q3 Net Profit Zooms 67% to ₹335 cr
IREDA on Saturday posted a 67% rise in net profit to ₹335.5 crore for the quarter ended in December 2023, bolstered by higher income.
It had clocked ₹200.7-crore net profit during the October-December period of the preceding FY23, the company said in an exchange filing.
Total income surged to ₹1,253.1 crore in the third quarter of FY24 from ₹868.9 crore a year ago.
Its expenses were ₹867.1 crore in the period under review, against ₹634.2 crore in the year-ago period. Equity shares of the company were listed on BSE and NSE on November 29, 2023.
In a separate statement, IREDA CMD Pradip Kumar Das said: «For investors and stakeholders, these results signal the promising trajectory of IREDA's contributions to India's energy transition and environmental sustainability.»
The company's loan book was at ₹50,579.6 crore, up 33.50% from ₹37,887.6 crore in the same quarter a year ago.
