https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Registers Highest-Ever Annual Profit of Rs 865 Cr in FY22-23

The company reported an all-time high Profit After Tax (PAT) of Rs. 865 crores and Profit Before Tax (PBT) of Rs. 1,139 crores in the financial year 2022-23.
Indian Masterminds Stories

State-owned, Indian Renewable Energy Development Agency Ltd. (IREDA), one of the largest renewable energy funding companies in the country, has registered its highest-ever annual Profit After Tax (PAT) earning of Rs. 865 crore in the financial year 2022-23.

The company also reported an all-time high Profit Before Tax (PBT) of Rs. 1,139 crores in the same financial year 2022-23. The figures represent a significant growth of 36% and 37% respectively over the previous financial year 2021-22.

IREDA’s Net Non-Performing Assets (NPAs) have been reduced to 1.66% in FY 2022-23 from 3.12% in FY 2021-22, a significant reduction of 47% (in percentage terms) on a Year-on-Year basis.

The Board of Directors of IREDA approved the Audited Financial Results for Financial Year 2022-23 in a April 25 meeting.

The Loan Book of IREDA has grown from Rs. 33,931 crores as on 31st March 2022 to Rs. 47,076 crores as on 31st March 2023 (registering a growth of 39%).

The company has achieved all-time high annual Loan Sanctions of Rs. 32,587 crores and Disbursements of Rs. 21,639 crores in the Financial Year 2022-23, registering an increase of 36% and 35% respectively, over previous financial year loan sanctions of Rs. 23,921 crore and disbursements of Rs. 16,071 crores. This marks the highest annual loan disbursement and sanction in the company’s history.

The net worth of the company as on 31st March 2023 has reached Rs. 5,935 crores as against Rs. 5,268 crores, year ending 31st March 2022 (increased by 13%).


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
bureaucracy news
Major Bureaucratic Reforms on the Anvil as Centre Hires Consultant to Map Bottlenecks & Draft Roadmap - Details Inside
MTNL
MTNL Defaults on ₹8,585 Cr Bank Loans from Seven PSU Banks; Debt Soars to ₹34,484 Cr
HSL CMD Khatri
Upskill to Stay Ahead: HSL CMD Cmde Khatri’s Call to Maritime Sector at BIMSTEC 2025
IPS A.B
HC Clears Former Top Cop: Andhra Ends All Legal Action Against IPS Venkateswara Rao
Minister Sonowal
Hydrogen Tug Project Gets Boost as Minister Sonowal Backs Hindustan Shipyard (HSL)’s Vision - Details Inside
IOCL and SJVN
PESB Invites Applications for Director Posts in IOCL and SJVN; Deadlines Set for August 11
IREDA logo 1
IREDA Seeks Shareholder Nod to Raise Borrowing Limit to ₹1.5 Lakh Crore; Pushes for Massive RE Financing
Indian Police Services IPS Officer
Punjab Promotes 8 IPS Officers to DGP Rank, Now Has Nation’s Highest Number of Top-Rank Police Officers
ADVERTISEMENT
ADVERTISEMENT
Videos
promila gupta
The Secret of The Secret – How To Make The Universe Conspire For You
AI 171 CRASH
AAIB Initial Probe In AI-171 Crash Questioned By Aviation Experts
Ravi Kapoor
Why Ex-IRS Officer Ravi Kapoor Walked Away from Power
ADVERTISEMENT
UPSC Stories
WhatsApp Image 2025-07-14 at 15.58
The Economist Who Became an IFS Officer
How Abhimanyu Gahlaut balanced global economics and civil services dreams to crack UPSC with AIR 38
Disha Dwivedi UPSC
How Disha Dwivedi Conquered UPSC on Her Sixth Attempt
Disha Dwivedi’s UPSC journey from five prelims failures to securing AIR 672 in 2024 showcases strategic...
Sushmitha and Ishwarya Ramanathan
Their Home Was Washed Away — Sushmitha & Ishwarya Built a Legacy Instead
Sushmitha and Ishwarya lost their home to the 2004 tsunami. But with books, belief, and each other, they...
Social Media
Standing Leopard
Leopard Stuns Internet by Standing on Two Legs Like a Meerkat
A rare video of a leopard standing on two legs in Kruger Park stuns viewers and goes viral across social...
G S Roshni
Kerala’s Fearless Forest Officer G.S. Roshni Rescues 16-Foot King Cobra with Bare Hands, Garners Praise & Critique
Beat Forest Officer G.S. Roshni’s first-ever king cobra rescue goes viral, earning her the title of ‘Green...
Kaziranga Baby Elephant
Chotu the Baby Elephant Reunited with Mother in Kaziranga: Retired IFS Officer’s Post Goes Viral
A baby elephant's emotional reunion with its mother in Kaziranga, shared by retired IFS officer Susanta...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
bureaucracy news
Major Bureaucratic Reforms on the Anvil as Centre Hires Consultant to Map Bottlenecks & Draft Roadmap - Details Inside
MTNL
MTNL Defaults on ₹8,585 Cr Bank Loans from Seven PSU Banks; Debt Soars to ₹34,484 Cr
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
promila gupta
AI 171 CRASH
Ravi Kapoor
ADVERTISEMENT
ADVERTISEMENT