IREDA shares fall over 3% as firm's asset quality declines sequentially in Q3

IREDA shares fall over 3% post Q3 results announcement amid broader market fall

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26 Aug, 2025 12:21

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IREDA share price declined over 3 percent in January 10 trade amid a decline in the asset quality sequentially in the fiscal third quarter.

The broader markets were also trading under pressure in Friday's trade as heavy foreign fund outflows made investors jittery.

Indian Renewable Energy Development Agency Ltd (IREDA) posted nearly 27 percent growth in its net profit at Rs 425.37 crore in December quarter, mainly on the back of higher revenues.

IREDA stock declined 3.5 percent in the morning trade to the day's low of Rs 208.42 per share on the NSE. Later, it rebounded a little to quote at Rs 211.48 apiece, down 2.13 percent at around 10:25 AM.

The Gross Non-Performing Assets ratio was seen at 2.68 percent in the quarter under review against 2.19 percent in the September quarter. The December quarter NNPA ratio was seen at 1.50 percent against 1.04 percent, sequentially.

The company reported that its rvevenue from operations grew 35.57 percent to Rs 1,698.99 crore in the latest December quarter compared to Rs 1,253.20 crore in the third quarter of FY24, the company said in a statement on Thursday.

Pradip Kumar Das, CMD, IREDA, said, "Our outstanding performance in Q3 FY 2024-25 reflects IREDA's steadfast commitment to accelerating India's renewable energy transition."

"The significant growth in loan sanctions, disbursements, and the expansion of our loan book highlight our pivotal role in financing sustainable energy projects," he added.

Profit After Tax (PAT) or net profit recorded a 26.77 per cent rise in the reporting quarter to Rs 425.37 crore from Rs 335.54 crore in Q3 FY24, it said.

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