IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

The company's loan book recorded a 27% YoY increase to ₹596.98 billion

April 22, 2024

/ Gautamee Hazarika
/ Finance and M&A, Solar
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Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter (Q4) of the financial year (FY) 2024 to ₹373.76 million (~$4.4 million) from ₹256.16 million (~$3.07 million).

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Gautamee Hazarika

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Financial ResultsIREDAloansNon Performing AssetsRenewable Energy
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