IREDA Q3 Results: PAT jumps 27% YoY to Rs 425 crore, revenue surges 36%
Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago period. The Q3FY25 total revenue from operations stood at Rs 1,698.45 crore which was up 35.6% versus Rs 1,252.85 crore posted by IREDA in the corresponding quarter of the last financial year.
On a sequential basis, the profit after tax (PAT) grew 10% over Rs 387.75 crore reported in Q2FY25. The topline saw a 4.2% uptick on a quarter-on-quarter basis versus Rs 1,629.56 crore reported in the July-September quarter.
The earnings were announced after market hours and shares of IREDA had ended today at Rs 215.75, down by Rs 7.63 or 3.42%.
IREDA Q3FY25 revenue break-up
IREDA reported October-December quarter interest income at Rs 1,654.45 crore which was up from Rs 1,577.05 crore in Q2FY25 and Rs 1,208.10 crore in Q3FY24. It earned Rs 16.46 crore as fees & commission income in the reported quarter which was lower on a QoQ and YoY basis. In the September ended quarter, this income was reported at Rs 25.64 crore while at Rs 19.88 crore in the year ago period.
Other income in Q3FY24 stood at Rs 30.93 crore, up from Rs 9.53 crore in Q2FY25 and Rs 16.69 crore in Q3FY24.
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