IREDA’s Q1 Profit Up 30% YoY, Non-Performing Assets Reduce

The company’s loan disbursal grew 272% to ₹31.73 billion in the quarter

August 14, 2023

/ Finance and M&A, Other, Renewable Energy,

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The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹2.95 billion (~$35.54 million) for the first quarter (Q1) of the financial year (FY) 2024, an increase of 30% year-over-year (YoY).

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Rakesh Ranjan

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IREDA’s Q1 Profit Up 30% YoY, Non-Performing Assets Reduce

Continue Reading with Premium Access

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