IREDA Q4 Results Highlights: Indian Renewable Energy Development Agency (IREDA), the state-run renewable energy projects financier, declared its Q4 FY25 results post-market hours today, April 15.
The PSU company posted a 49% rise in its standalone net profit to ₹502 crore for the March 2025 quarter as against ₹337 crore in the same period last year.
IREDA, along with its financial results, also announced the appointment of M/s R.M. Bansal & Co., Cost Accountants as the Cost Auditor of IREDA for the financial year 2025-26 on the recommendation of the Audit Committee held today.
For the full financial year 2024-2025 (FY25), IREDA posted a net profit of ₹1,698.60 crore as against ₹1,252.24 crore in FY24, recording a growth of 36% on a YoY basis. The overall revenue figure also grew by 36% YoY to ₹6,742 crore during the year under review from ₹4,964 crore in the preceding financial year.
Expenses rose during the quarter ended March 2025 to ₹1,285 crore, recording a 41% increase from ₹912 crore posted in the March 2024 quarter.
The net interest income stood at ₹758 crore, witnessing a solid 57% growth for the quarter ended March 2025. The figure stood at ₹482 crore in the March 2024 quarter.
IREDA posted a 49% YoY rise in standalone net profit in Q4 FY25 to ₹502 crore as against ₹337 crore posted in the corresponding quarter last year. The overall revenue from operations came in at ₹1904 crore for the March 2025 quarter, a growth of 37% over ₹1391 crore posted in the March 2024 quarter.
Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement to raise External Commercial Borrowing (ECB) from SBI’s Tokyo Branch for JPY 26 billion, including a Green Shoe Option of JPY 10 billion.
Earlier in March 2025, Indian Renewable Energy Development Agency Limited (IREDA) launched its first-ever issue of Perpetual Bonds for an amount of ₹1,247 crore at an annual coupon rate of 8.40%.
IREDA share price closed the session nears its day's high, climbing over 9%, ahead of its Q4 FY25 results. IREDA shares settled at ₹168.20, up 9.11%. During the day, the PSU stock hit the day's high of ₹168.85 apiece.
All eyes are on IREDA today, with the stock trading close to ₹162 just ahead of its earnings announcement. And there’s good reason for the excitement — the renewable energy financier has been on a steady growth path over the last year, and investors are expecting another strong quarter.
In FY25, IREDA reported a 27% jump in loan sanctions, reaching ₹47,453 crore. At the same time, loan disbursements climbed 20%, touching ₹30,168 crore. These numbers reflect the growing demand for clean energy financing in India — and IREDA’s central role in meeting that demand.
From a technical perspective, things are looking solid too. The stock is trading above its 10-day and 21-day moving averages, and is slowly making its way toward the 50-day average — a sign that momentum may be building.
Investors and market watchers are optimistic. With consistent earnings growth over the past four quarters and strong fundamentals in place, IREDA seems well-positioned to ride the wave of India’s renewable energy boom.
IREDA, a PSU ‘Navratna’ company, reported a net profit growth of 27% year-on-year (YoY) at ₹425.38 crore in Q3FY25, while its total revenue from operations increased 35.6% YoY to ₹1,698.45 crore. The company’s net interest income (NII) during the quarter ended December 2024 rose 39% YoY to ₹622.3 crore.
IREDA’s loan book saw strong growth of approximately 36% YoY, reaching ₹68,960 crore in 9MFY25. This expansion was driven by a 41% increase in disbursements, which rose to ₹17,236 crore in 9MFY25, compared to ₹12,220 crore in 9MFY24.
As a result of the higher loan book and disbursements, Profit After Tax (PAT) grew by 30.82% in 9MFY25, rising to ₹1,197 crore from ₹915 crore in the same period last year.
Asset quality also improved during the quarter and in 9MFY25, with the Gross NPA ratio declining to 2.68%, down from 2.90% as of 9MFY24.
Mahesh M Ojha, AVP of Research at Hensex Securities, said, "IREDA shares are looking positive on the technical chart. It is facing a minor hurdle at ₹164. If this resistance is breached, IREDA share price may soon reach ₹174 apiece. Those with IREDA shares are advised to hold the scrip for a short-term target of ₹174, maintaining a loss at ₹136 per share."
In a report dated March 24, Geojit Financial Services recommended a 'BUY' call on IREDA shares backed by several fundamental and technical factors. It suggested a target price of ₹196 and a stop loss of ₹139. It said to buy the stock between ₹153-156. The time frame for the strategy was recommended to be 3-6 months.
Shares of IREDA have lost 3% in the last one year, while they are down 27% in the past six months and 21% in the past three months. However, IREDA share price has rebounded in the last month, rallying 16% during this period.
The consensus recommendation from 3 analysts for Indian Renewable Energy Development Agency is BUY, according to Trendlyne data. As per the data, one analyst has a 'strong sell' recommendation on the stock and two have a 'strong buy' recommendation.
Atul Parakh, CEO of Bigul, said, "Based on the strong operational metrics from Q3 FY25, IREDA is expected to deliver robust financial results. The 27% year-on-year growth in loan sanctions to ₹47,453 crore and 20% increase in disbursements to ₹30,168 crore suggest significant revenue growth for the quarter."
The Bigul expert said that IREDA is expected to maintain its growth trajectory and potentially announce new targets for FY26, given its strong market position. The broad retail investor base (25.88 lakh shareholders) also indicates continued confidence in IREDA's business model and growth prospects.
IREDA share price traded at day's high of ₹163.15 in the early afternoon session as it rose 5.6% over its previous closing price of ₹154.15.
IREDA board approved a borrowing programme for FY26 worth ₹30,800 crore.
"Indian Renewable Energy Development Agency Limited (IREDA) in its meeting held today i.e., Tuesday, March 25, 2025, inter-alia, has approved the Borrowing programme up to ₹30,800 crore for the FY 2025-26," the company said in a filing.
More than 26 lakh small investors currently hold shares in IREDA. According to the shareholding data from March 2024, there are 26,48,952 retail shareholders with an authorised share capital of up to ₹2 lakh, collectively owning a 20.25% stake in the state-owned company. This marks an increase from the December 2023 quarter, when the number of retail shareholders stood at 25,88,186, holding a 19.95% stake in the PSU.
Loan book outstanding at the end of the March 2025 quarter was at ₹76,250 crore, a growth of 28% year-on-year over ₹59,698 crore, IREDA said in a regulatory filing as part of its Q4 FY25 business update. IREAD Q4 results are slated to be out later today.
IREDA share price extended gains in trade on Tuesday ahead of the Q4 results announcement. The stock rose 5.4% to the day's high of ₹162.50 on the BSE in the late morning session.
The amount of loans disbursed in the March 2025 quarter (Q4) rose 20% on a YoY basis, according to the exchange filing by the company. The figure stood at ₹30,168 crore as of March 31, 2025, versus ₹25,089 crore in the year-ago period.
According to the Q4 business update shared by IREDA, the company witnessed a 27% year-on-year growth in the loan sanctioned of ₹47,453 crore in the March 2025 quarter. The same stood at ₹37,354 crore in the March 2024 quarter.
IREDA share price jumped over 4% ahead of the Q4 results today. IREDA shares opened higher at ₹159.50 apiece on the BSE on Tuesday as against its previous close of ₹154.15. The PSU stock hit an intraday high of ₹161.90 soon after the opening.
Analysts expect IREDA to deliver robust financial results based on the strong operational metrics from Q3FY25. IREDA is expected to report a net interest income (NII) of around 670 crore in the fourth quarter of FY25, registering a growth of nearly 40% from ₹480 crore in the same quarter last year.
The company’s net profit in Q4FY25 is expected to rise 28% to ₹430 crore from ₹337 crore, year-on-year (YoY).
The board of directors of IREDA will meet today to approve the financial results for the fourth quarter ended March 2025 as well as the financial year ending March 2025.
“This is to inform you that meeting of the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) will be held on Tuesday, April 15, 2025, inter-alia to consider and approve the audited Consolidated financial results of the Company for the quarter & year ended March 31, 2025,” IREDA said in a regulatory filing.
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