Skip to main content

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
Join our WhatsApp Channel
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Delhi tourism circuits
Delhi Launches 4 New Tourism Circuits to Transform Capital From ‘Transit City’ to ‘Destination City’
Major GST Shake-Up: Chennai Zone’s Top Management Removed, 5 Officers Attached to CBIC HQ
Major GST Shake-Up: Chennai Zone’s Top Management Removed, 5 Officers Attached to CBIC HQ
Indian Oil IOCL
Indian Oil Awards ₹18.51 Crore Work Order to Expo Engineering for Crude Oil Tank Maintenance
mp flood rescue
MP Floods: CM Mohan Yadav Reviews Rescue Operations as 527 People Are Rescued
India Coal Production FY 2025–26
Coal India Eyes Chile Lithium Assets, Weighs Acquisition or Joint Venture With Wealth Minerals Unit 
PMGSY Bihar rural road connectivity
Bihar Plans Solar Crop Dryers to Boost Clean Energy in Agriculture
India Russia Su-57 Fighter Jet Deal
Russia’s Su-57 Offer To India Comes With A Deadly Technology Transfer Promise
Shruti GRSE
GRSE Launches ‘Shruti’, Second Next-Generation Offshore Patrol Vessel for Indian Navy in Major Shipbuilding Milestone 
ADVERTISEMENT
ADVERTISEMENT
Videos
Shakeel Ahmad Ganie IRS Interview
‘My Path Has Not Been Straight’: Shakeel Ahmad Ganie’s Journey to the IRS
Sumit Ramteke tn
IPS Sumit Ramteke on the Cases That Changed His Career and Shook Organized Crime | Video Interview
How NAFED is Strengthening Farmers, Markets and Food Security
How NAFED is Strengthening Farmers, Markets and Food Security
ADVERTISEMENT
UPSC Stories
From Engineering Desks to the Uniform: The Inspiring Journeys of UPSC CAPF 2025’s Top 5 Toppers
From Engineering Desks to the Uniform: The Inspiring Journeys of UPSC CAPF 2025’s Top 5 Toppers
Sheershoo Deb, Aryan Sheoran, Akanksha Vishwakarma, Rohan and Harsh Shankarlal Solanki prove that there...
How Family Sacrifices Helped Pradip Bhandare Achieve His IFS Dream
How Family Sacrifices Helped Pradip Bhandare Achieve His IFS Dream
After seven Civil Services Mains, three Indian Forest Service Mains, five UPSC interviews and years of...
IAS Subhankar Bala
How IAS Subhankar Bala Cracked UPSC Without Coaching: The Story of AIR 79 and His Five Practical Preparation Tips
IAS Subhankar Bala secured AIR 79 in UPSC CSE through self-study after failing his first mains. He shares...
CSR NEWS
Project Bright Horizon
HPCL, Assam Rifles and Antogattva Foundation Sign MoU to Launch Project Bright Horizon in Northeast
Project Bright Horizon aims to directly impact 1,500 people and benefit 2,500 more through better learning,...
CMPDI CSR
CMPDI Partners with Frontline Global Services to Train 60 Jharkhand Youth Under CSR Initiative
 CMPDI will invest ₹73.62 lakh to provide residential Phlebotomy Technician training, helping unemployed...
GRID-INDIA ALIMCO
GRID-INDIA Signs MoU with ALIMCO to Provide Assistive Devices to Persons with Disabilities
The CSR partnership aims to promote accessibility, independence and social inclusion by providing assistive...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Shakeel Ahmad Ganie IRS Interview
‘My Path Has Not Been Straight’: Shakeel Ahmad Ganie’s Journey to the IRS
Delhi tourism circuits
Delhi Launches 4 New Tourism Circuits to Transform Capital From ‘Transit City’ to ‘Destination City’
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Shakeel Ahmad Ganie IRS Interview
Sumit Ramteke tn
How NAFED is Strengthening Farmers, Markets and Food Security
ADVERTISEMENT
ADVERTISEMENT