The Indian Renewable Energy Development Agency (IREDA) has reported a significant rise in its net profit, which grew by 49%, reaching Rs 501.55 crore for the fourth quarter ending 31st March 2025. This marks an impressive performance for the company, with profit before tax (PBT) rising by 31.33%, totaling Rs 629.98 crore during the same period.
However, IREDA’s total expenses also saw a sharp increase of 41% compared to last year, reaching Rs 1,285.91 crore in Q4 FY25. The company faced a higher finance cost of Rs 1,103.74 crore, up 30.27%, and employee benefit expenses rose by 12.55%, totaling Rs 21.44 crore. Meanwhile, corporate social responsibility (CSR) expenses decreased significantly by 62.41%, amounting to Rs 6.30 crore.
In terms of loans, IREDA extended 27% of its total loans to the public sector and 73% to the private sector as of 31st March 2025, a slight shift from the previous year (25% to public and 75% to private sectors).
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The company’s asset quality also showed a slight decline, increasing to 1.35% by 31st March 2025, compared to 0.99% in March 2024.
IREDA is a Government of India enterprise under the Ministry of New and Renewable Energy (MNRE). Established in 1987, it is a non-banking financial institution focused on supporting and financing projects related to renewable energy and energy efficiency. The Government of India holds a 75% stake in IREDA as of December 2024.
