The Indian Renewable Energy Development Agency (IREDA) has recorded a significant 31% rise in net profit for the nine-month period of April-December in FY2024-25, compared to the same period last year. Profit after tax (PAT) stood at ₹1,197 crore. In Q3 FY2024-25, IREDA’s net profit increased by 27% year-on-year to ₹425.38 crore, reflecting a 9.7% quarter-on-quarter rise.
Total income for Q3 FY25 grew 36% from ₹1,253 crore in Q3 FY24 to ₹1,699 crore, while total income for the nine-month period reached ₹4,840 crore, a 35% increase year-on-year. Meanwhile, IREDA’s net non-performing assets (NPA) rose slightly from 0.99% at the end of FY2023-24 to 1.50% at the end of December FY2024-25. Borrowings during April-December FY25 totaled ₹15,978 crore.
The public sector’s share in IREDA’s loan book increased from 21% in Q3 FY24 to 24% in Q3 FY25, while the private sector’s share dropped to 76%. Ethanol projects witnessed the largest growth in the loan book, rising from 3% in Q3 FY24 to 8% in Q3 FY25. Conversely, solar-thermal and wind projects saw a decline, with their shares falling to 26% and 15%, respectively.
