IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

The company’s net worth increased YoY by 74% in Q1 and stood at ₹55.14 billion

August 11, 2022

/ Finance and M&A, Other, Renewable Energy

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A non-banking financial company (NBFC) under the Ministry of New and Renewable Energy (MNRE), the Indian Renewable Energy Development Agency (IREDA) posted a total income of ₹7.86 billion (~$98.69 million) for the first quarter (Q1) of the financial year (FY) 2022-23, a year-over-year (YoY) leap of 11.97% from ₹7.02 billion (~$88.15 million) in Q1 of FY 2021.

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Gourav Mishra

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IREDA Records 19% YoY Jump in Profit to ₹2.25 Billion in Q1 FY 23

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