Moneycontrol PRO
LAMF
LAMF

Indian Renewable Energy Development Agency Shares Decline by 3.19% in Today's Session

Indian Renewable Energy Development Agency is currently trading at Rs 153.88, reflecting a 3.19% decrease in today's session.
May 09, 2025 / 09:55 IST
Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer
In a recent report, analysts at Nuvama had noted that while the nation’s defence spending of around 2.3 percent of GDP is lower than global defence majors ( around 3–5% of GDP), they expect defence capital outlay to grow 7–8% annually over the next five years

During today's trading session, Indian Renewable Energy Development Agency (IREDA) shares experienced a decline of 3.19%, with the current price at Rs 153.88. This places Indian Renewable Energy Development Agency among the top losers within the NIFTY MIDCAP 150 index.

A recent market alert indicated this price decrease, reflecting a bearish sentiment for Indian Renewable Energy Development Agency, according to a Moneycontrol analysis on May 5, 2025.

Quarterly Financial Performance

The following table summarizes the key quarterly financial figures for Indian Renewable Energy Development Agency:

Financial MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Revenue (Cr)0.000.000.000.000.00
Net Profit (Cr)-0.030.35-0.26-0.05-0.01
EPS-0.091.15-0.58-0.04-0.01

Annual Financial Performance

The table below provides an overview of the annual financial performance of Indian Renewable Energy Development Agency, covering data from 2020 to 2024:

Financial Metric20202021202220232024
Revenue (Cr)0.090.000.000.000.00
Net Profit (Cr)-0.29-0.09-0.090.000.05
EPS-0.94-0.30-0.290.000.10
BVPS11.1310.8310.5510.5518.76
ROE-8.47-2.77-2.710.010.17
Debt to Equity0.020.010.040.050.02

Key Financial Ratios

The subsequent table highlights key financial ratios for Indian Renewable Energy Development Agency:

RatioMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Basic EPS (Rs.)-0.94-0.30-0.290.000.10
Diluted EPS (Rs.)-0.94-0.30-0.290.000.10
Book Value /Share (Rs.)11.1310.8310.5510.5518.76
Dividend/Share (Rs.)0.000.000.000.000.00
Face Value1010101010
Return on Equity (%)-8.47-2.77-2.710.010.17
Debt to Equity (x)0.020.010.040.050.02

Indian Renewable Energy Development Agency is currently trading at Rs 153.88, reflecting a 3.19% decrease in today's session.

Alpha Desk
first published: May 9, 2025 09:54 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347