IREDA Q1 Results Highlights: Net profit up 30% at ₹383 crore, revenue rises to ₹1,510 crore
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5 min read | Updated on July 13, 2024, 07:20 IST
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 shares rise 5% ahead of Q1 results today; stock up over 24% this week
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
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
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
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
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 moreJuly 12, 2024, 13:00 PM
