IREDA Reports 49% Surge in Q4 Net Profit to Rs 502 Crore
April 15, 2025 - Indian Renewable Energy Development Agency (IREDA), the state-owned non-banking financial institution, has announced a remarkable 49% year-on-year increase in its standalone profit after tax, reaching Rs 502 crore for the quarter ended March 31, 2025. This impressive performance was accompanied by a 37% jump in revenue from operations to Rs 1,904 crore during the same period.
Record-Breaking Annual Performance
The strong quarterly results have contributed to an outstanding full fiscal year performance for IREDA. For FY25, the company achieved its highest-ever profit after tax of Rs 1,699 crore, representing a substantial 36% increase compared to the previous fiscal year.
Key annual financial highlights include:
- Revenue from operations grew by 36% year-on-year to Rs 6,742 crore in FY25
- Net worth increased by 20% year-on-year to Rs 10,266 crore as of March 2025
- Loan book expanded by 20% to reach Rs 76,282 crore in FY25
Strategic Focus on Renewable Energy Financing
IREDA operates under the Ministry of New and Renewable Energy and specializes in providing financial assistance for renewable energy projects across India. The company's consistent growth trajectory reflects its pivotal role in supporting the nation's transition toward cleaner energy sources.
Pradip Kumar Das, Chairman and Managing Director of IREDA, expressed confidence in the company's strategic direction: "IREDA's sustained growth in revenue, profitability, and loan book underscores our strategic focus towards financing India's renewable energy ambitions. We remain committed to being the enabler of India's green energy transition through innovative financial solutions and strategic partnerships."
Expanding Role in India's Green Energy Transition
As a specialized non-banking financial institution, IREDA continues to play a crucial role in promoting, developing, and extending financial assistance for projects related to new and renewable energy sources. The company also supports initiatives focused on energy efficiency and conservation across the country.
The impressive financial results reflect IREDA's expanding footprint in India's renewable energy sector, which has been witnessing accelerated growth as the country pursues ambitious clean energy targets. The government has set a goal of achieving 500 GW of non-fossil fuel energy capacity by 2030, and financial institutions like IREDA are instrumental in mobilizing the necessary capital for this energy transition.
Market Position and Future Outlook
With its strengthened financial position, IREDA is well-positioned to capitalize on the growing opportunities in India's renewable energy landscape. The 20% growth in its loan book indicates robust demand for financing in the sector and IREDA's ability to meet this demand effectively.
The company's enhanced net worth of over Rs 10,000 crore provides a solid foundation for further expanding its lending activities and introducing innovative financial products tailored to the evolving needs of the renewable energy market.
As India continues to accelerate its shift toward renewable energy, IREDA's specialized financing capabilities and sector expertise are likely to remain in high demand, potentially supporting continued growth in the coming quarters.
Investment in Sustainable Development
Beyond the impressive financial metrics, IREDA's performance reflects its broader contribution to sustainable development goals. By channeling investments into renewable energy projects, the company is helping reduce carbon emissions, create green jobs, and enhance energy security across India.
The substantial growth in IREDA's operations also signals increasing investor confidence in India's renewable energy sector, which continues to attract both domestic and international capital despite global economic challenges.
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