IREDA’s Q3 Profit Surges 67%, NPAs Continue to Decline

The company’s loan book increased 33% YoY to ₹505.8 billion

January 22, 2024

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The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 67% year-over-year (YoY) increase in profit after tax for the third quarter (Q3) of the financial year (FY) 2023-24 to ₹3.36 billion (~$40.42 million) from ₹2.01 billion (~$24.18 million).

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Arjun Joshi

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IREDA’s Q3 Profit Surges 67%, NPAs Continue to Decline

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