Revenue from operations increased 38.49% YoY to Rs 1,629.54 crore in Q2 FY25. Profit before tax was at Rs 459.90 crore in Q2 FY25, up 21.06% as against Rs 379.89 crore posted in Q2 FY24. Operating profit (before Depreciation, impairment & Tax) stood at Rs 503.19 crore in Q2 FY25, registering the growth of 36% as compared with Rs 370.09 crore posted in corresponding quarter last year. Cost of borrowings fell to 7.80% in Q2 FY25 from 7.85% in Q2 FY24. Interest income stood at Rs 1,577.04 crore in Q2 FY25, up 36.78% to Rs 1,152.95 crore in Q2 FY24. Net interest margin increased from 3.17% to 3.34% in Q2 FY25. Yield on loan assets (gross) stood at 9.92% as on 30 September 2024 as comapred with 9.77% as on 30 September 2023. CRAR declined to 20.24% as on 30 September 2024 as compared with 20.92% as on 30 September 2023. Provision coverage ratio (Stage III) stood at 52.98% as on 30 September 2024 as compared with 48.11% as on 30 September 2023. On half year basis, the company's net profit jumped 33.16% to Rs 771.44 crore in Q2 FY25 as against Rs 579.31 crore in Q2 FY24. Revenue from operation stood at Rs 3139.82 crore in Q2 FY25, up 35.34% year on year. IREDA is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on March 2024, GoI held 75% stake in IREDA. The scrip rose 0.28% to currently trade at Rs 234.40 on the BSE.Powered by Capital Market - Live

Indian Renewable Energy Development Agency has received approval from DIPAM vide OM dated 10 October 2024 and from the Administrative Ministry i.e. Ministry of New and Renewable Energy for setting up of wholly owned subsidiary for retail business such as PM KUSUM, rooftop solar and other B2c segments in RE and emerging RE sector including EVs, Energy storage, Green Technologies, sustainability, Energy Efficiency etc. Powered by Capital Market - Live

Net profit of Indian Renewable Energy Development Agency rose 36.18% to Rs 387.75 crore in the quarter ended September 2024 as against Rs 284.73 crore during the previous quarter ended September 2023. Sales rose 39.13% to Rs 1620.02 crore in the quarter ended September 2024 as against Rs 1164.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1620.021164.36 39 OPM %92.51101.33 - PBDT469.34387.03 21 PBT459.91379.90 21 NP387.75284.73 36 Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 10 October 2024.Powered by Capital Market - Live

Earlier, on 29 August 2024, the company's board approved raising of funds by way of equity capital for an amount upto Rs 4,500 crore in one or more tranches through further public offer (FPO) / QIP / right issue / preferential issue or any other permitted mode or a combination thereof. The company's committee recommended for an approval of the alternative mechanism on the proposal of the raising of funds to DIPAM. The DIPAM on 18 September 2024, approved the alternative mechanism for the dilution of Government of India (GOI) shareholding in IREDA, owing to issue fresh equity through QIP route upto an extent of 7% of the paid-up equity of the company on post issue basis in one or more tranches. Indian Renewable Energy Development Agency (IREDA) is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on 30th June 2024, GoI held 75% stake in IREDA. The company's consolidated net profit jumped 30% to Rs 383.69 crore in Q1 FY25 as compared with Rs 294.58 crore in Q1 FY24. Revenue from operations increased 32% YoY to Rs 1510.28 crore in Q1 FY25. Shares of IREDA rose 0.81% to currently trade at Rs 229.35 on the BSE. Powered by Capital Market - Live

The International Financial Services Centre Authority (IFSCA) has granted provisional registration to IREDA Global Green Energy Finance IFSC (a wholly owned subsidiary of IREDA) as a finance company at GIFT City. Pradip Kumar Das, CMD, IREDA, highlighted the importance of this milestone, stating, IREDA's presence in GIFT City reflects our commitment to advancing green financing solutions on a global scale. This new subsidiary will help us secure competitive funding and foster collaborations with international investors, boosting the renewable energy sector forward. As the Hon'ble Prime Minister Shri Narendra Modi has earlier underlined, 'GIFT City is a gateway to global opportunities,' and IREDA is poised to leverage these opportunities.Powered by Capital Market - Live

Indian Renewable Energy Development Agency has achieved a significant milestone by securing its international credit rating today. The International Credit Rating Agency, S&P Global Ratings assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IREDA, with Outlook 'Stable'. Powered by Capital Market - Live

The issue will be done in one or more tranches and is subject to the approval from the Government of India and other statutory/regulatory approvals. Indian Renewable Energy Development Agency (IREDA) is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on 30th June 2024, GoI held 75% stake in IREDA. The company's consolidated net profit jumped 30% to Rs 383.69 crore in Q1 FY25 as compared with Rs 294.58 crore in Q1 FY24. Revenue from operations increased 32% YoY to Rs 1510.28 crore in Q1 FY25. The scrip ended 0.24% higher at Rs 254.55 on the BSE. Powered by Capital Market - Live

The Board of Directors of Indian Renewable Energy Development Agency (IREDA) in its meeting held today i.e., Thursday, 29 August 2024 has considered and accorded In-principle approval for raising of funds by way of equity capital for an amount aggregating upto Rs 4500 crore in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue or any other permitted mode or a combination thereof in such manner and on such terms and conditions as may be deemed appropriate, in accordance with the provisions of the applicable Acts/Regulations/Guidelines and subject to the approval from the Govt of India and other statutory/regulatory approvals .Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 29 August 2024.Powered by Capital Market - Live