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  5. IREDA Q1 Results Highlights: Net profit up 30% at ₹383 crore, revenue rises to ₹1,510 crore

IREDA Q1 Results Highlights: Net profit up 30% at ₹383 crore, revenue rises to ₹1,510 crore

Upstox
By Upstox News Desk

5 min read | Updated on July 13, 2024, 07:20 IST

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SUMMARY

IREDA Q1 Results LIVE Updates: The company's stock surged by around 7% in the opening hour of trade, clocking a new lifetime high. The shares peaked to ₹303.7 apiece on the NSE.

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IREDA
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IREDA shares rise 5% ahead of Q1 results today; stock up over 24% this week

  1. IREDA Q1 Results LIVE Updates: Net profit up 30% at ₹383 crore, revenue rises to ₹1,510 crore

    IREDA reported over 30% growth in its net profit to ₹383.69 crore for the June quarter, mainly on the back of higher revenues.

    Revenue from operations increased to ₹1,510.71 crore in the quarter under review from ₹1,143.50 crore in the year-ago period.

    The company has reduced its net non-performing assets (NPA) to 0.95% in the first quarter of FY 2024-25 from 1.61% in the same quarter of FY 2023-24, it stated.

    (With PTI inputs)

    July 13, 2024, 07:19 AM

  2. IREDA Q1 Results LIVE Updates: Shares settle flat ahead of release of June quarter results

    Ahead of the release of June quarter results, IREDA shares settled almost flat at ₹284 apiece on the NSE, up only 0.1% as against the last closing price.

    July 12, 2024, 15:34 PM

  3. IREDA Q1 Results LIVE Updates: Earnings to be declared shortly; what to expect

    The Q1 results of IREDA are expected to be declared shortly today. Analysts expect the company to post solid quarterly earnings, based on the business update it shared for the June quarter.

    The renewable energy financier in its quarterly business update last month reported a 382.62% jump in loan sanctions for the June quarter at ₹9,136 crore compared to ₹1,893 crore in the April-June quarter of 2023-24.

    Loan disbursements also rose by 67.61% in the first quarter of FY25 to ₹5,320 crore compared to ₹3,174 crore in the April-June quarter of the last year.

    July 12, 2024, 14:26 PM

  4. IREDA Q1 Results LIVE Updates: IREDA shares pare much of day's gain

    IREDA shares are currently trading at ₹290.8 apiece on the NSE, up 2.51% as against the last closing price. Earlier in the day, the stock had shot up by more than 7% to reach a new all-time high.

    July 12, 2024, 14:23 PM

  5. IREDA Q1 Results LIVE Updates: Shares extend gain to hit fresh high; stock up 182% in 2024

    Shares of public sector firm Indian Renewable Energy Development Agency Ltd (IREDA) extended gains on Friday, July 12, to hit fresh record highs ahead of the company’s announcement of its earnings for the first quarter ended June 2024 (Q1 FY25).

    IREDA shares rallied close to 15% in the previous session to hit an all-time high of ₹289.33 apiece on the NSE. On Friday, the share price jumped 7% to a new peak of ₹ 304.5 apiece in morning trade. Read more

    July 12, 2024, 13:00 PM

  6. IREDA Q1 Results LIVE Updates: Loan disbursements up 67.6% in June quarter

    Loan disbursements also rose by 67.61% in the first quarter of FY25 to ₹5,320 crore compared to ₹3,174 crore in the April-June quarter of the last year, as per the business update shared by IREDA earlier in July.

    IREDA’s outstanding loan book stood at ₹63,150 crore in the April-June quarter this year, a growth of 33.77% compared to ₹47,207 crore in the year-ago period. IREDA had reported a 33% growth in net profit for the March quarter of FY24 at ₹337.37 crore compared to ₹253.61 crore in the year-ago period.

    July 12, 2024, 12:43 PM

  7. IREDA Q1 Results LIVE Updates: Investors expect strong growth numbers

    Investors are expecting IREDA to report healthy growth numbers during the first quarter of FY25 following upbeat provisional business performance.

    The renewable energy financier in its quarterly business update last month reported a 382.62% jump in loan sanctions for the June quarter at ₹9,136 crore compared to ₹1,893 crore in the April-June quarter of 2023-24. Read more

    July 12, 2024, 11:28 AM

  8. IREDA Q1 Results LIVE Updates: How the shares have performed in recent months

    IREDA shares have risen by around 183% year-to-date, and by around 394% in the last one year. In the past one month, the stock is up by about 62%.

    July 12, 2024, 10:27 AM

  9. IREDA Q1 Results LIVE Updates: Shares at lifetime high ahead of first quarter results

    The company's stock surged by around 7% in the opening hour of trade, clocking a new lifetime high. The shares peaked to ₹303.7 apiece on the NSE.

    July 12, 2024, 10:25 AM

  10. IREDA Q1 Results LIVE Updates: State-run renewable energy projects financer to post first quarter earnings today

    The Indian Renewable Energy Development Agency (IREDA) will announce its results for the quarter ended June 2024 on Friday, July 12. The earnings report remain in focus, given the fact that IREDA's stock has been soaring over the past few months.

    July 12, 2024, 10:32 AM