https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Announces Audited Financial Results

"IREDA has reported growth in quarterly PBT and PAT by 76.15% and 67.14%, respectively, and has also registered a significant reduction in gross and net NPAS, which is a tremendous achievement for any NBFC," said Shri Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA.
Indian Masterminds Stories

The Ministry of New & Renewable Energy’s PSU, the Indian Renewable Energy Development Agency (IREDA), today released the audited financial figures for the second quarter that concluded on September 30, 2022. The company’s profit Before Tax (PBT) was reported at 276.31 crores, up 76.15% from 156.86 crores in the second quarter of the prior fiscal year. The Net Non-Performing Assets (NPAS) of IREDA decreased by 44% YOY to 2.72% in Q2 of FY 2022–23 from 4.87% in Q2 of FY 2021–22.

Highlights of Q2, FY 2022-23 as compared to the corresponding period during Q2, FY 2021-22 are as follows:

  • Profit Before Tax: 276.31 crore as against 156.86 crore (up by 76.15% )
  • Profit After Tax: 184.30 crore as against 110.27 crore (up by 67.14%)
  • Gross Income: *791.56 crore as against ₹682.94 crore (up by 15.90%)
  • Net-worth: 5,638.31 crore as against 23,333.19 crore (up by 69.16%)
  • Loan Book: 33,783.36 crore as against 28,856.48 crore (up by 17.07% )
  • Loan Sanction: *11,226.49 crore as against 5925.12 crore (up by 89.47%)
  • Net NPAs: 2.72% as against 4.87% (reduction by 44.00%)
  • Gross NPAs: 5.06% as against 8.05% (reduction by 37.17%)

CMD, IREDA emphasised that without the assistance of Team IREDA, this would not have been possible. He expressed his gratitude to every worker for their constant labour and assistance. He expressed his sincere appreciation for the constant guidance and assistance received from Shri R. K. Singh, Union Minister of Power and New & Renewable Energy, and Shri Bhagwanth Khuba, Minister of State, New & Renewable Energy, Chemicals & Fertilizers. Shri Das further expressed his appreciation for the steadfast assistance from the Secretary, various MNRE officials, and the Board of Directors.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IPS Officers
Why Are Young IPS Officers Resigning? C.A. Ramdas Becomes Latest Exit, 8 Resignations Spark Debate
Supreme Court Disposes IPS Officer Urvashi Sengar’s Plea, Asks CAT to Decide Challenge to 1993 MHA Policy
Supreme Court Refuses Midway IPS Training for Urvashi Sengar, Sends 1993 MHA Policy Challenge Back to CAT
UPSC (Resized)
UPSC Opens Recruitment for 47 Group A & B Posts Across Ministries; Apply by July 31
bihar
Bihar Cabinet Approves 22 Major Proposals, Clears 500 MW Rooftop Solar Project to Boost Green Energy
National_Thermal_Power_logo
NTPC Clears ₹20,456 Crore Lara Power Project to Add 1,600 MW Capacity and Boost India’s Energy Security
ONGC deepwater Rig Tender
ONGC to Build 1.75 Million Tonne Strategic Petroleum Reserve in Mangalore to Boost India’s Energy Security
BPCL Golden Peacock Award 2026
BPCL’s Kochi Refinery Earns Golden Peacock Award 2026 for Outstanding Energy Efficiency 
Indian Army Carl-Gustaf M4 Rocket Launchers Procurement
Indian Army to Procure 450 Carl-Gustaf M4 Launchers: Features, Benefits and and Timeline
ADVERTISEMENT
ADVERTISEMENT
Videos
Pulkit Khare
How Uttar Pradesh Is Preparing Its Youth for the AI Revolution
Haryana Leads India's First AI-Powered Bird Census
Haryana Leads India's First AI-Powered Bird Census
Divyanshu patel
How A Single-Minded Devotion of Divyanshu Patel Transformed Moradabad
ADVERTISEMENT
UPSC Stories
bhoopendra
Bhoopendra Dhakad: Raised in a Farming Family, Educated at IIT, Chosen by UPSC
IIT Kanpur graduate Bhoopendra Dhakad secured UPSC CSE 2025 AIR 494 after four attempts, overcoming setbacks...
ChatGPTImageJul62026at03_08_06P-2
Balancing Job & Dreams: How Jasmeet Kaur Turned Her Father's Dream into Reality with Rank 1 in UK PCS-2024
Jasmeet Kaur secured Rank 1 in the UKPSC-2024 examination after balancing her duties as a District Social...
Rakesh R UPSC IFS 2025
How Tuticorin's Floods Inspired Rakesh R to Join Indian Forest Service 
Discover how UPSC IFS 2025 AIR 85 Rakesh R transformed childhood experiences of Tuticorin floods into...
CSR NEWS
SECL Ke Sushrut Gazette Notification
SECL’s ‘SECL Ke Sushrut’ Becomes First Coal PSU CSR Scheme to Get Gazette Notification
Ministry of Coal enables Aadhaar authentication for SECL’s flagship NEET coaching initiative, enhancing...
NMDC
NMDC Develops Modern Community Infrastructure in Panna Under CSR Programme for Rural Growth
New Facilities Promote Fitness, Sanitation and Inclusive Public Spaces, Strengthening Sustainable Development...
REC (CSR Initiative)
REC Limited Empowers Women in West Bengal with 600 Sewing Machines Under CSR Initiative
New programme in Bangaon aims to promote self-employment, financial independence, and sustainable livelihoods...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IPS Officers
Why Are Young IPS Officers Resigning? C.A. Ramdas Becomes Latest Exit, 8 Resignations Spark Debate
Supreme Court Disposes IPS Officer Urvashi Sengar’s Plea, Asks CAT to Decide Challenge to 1993 MHA Policy
Supreme Court Refuses Midway IPS Training for Urvashi Sengar, Sends 1993 MHA Policy Challenge Back to CAT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Pulkit Khare
Haryana Leads India's First AI-Powered Bird Census
Divyanshu patel
ADVERTISEMENT
ADVERTISEMENT