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IREDA shares fall 4.37%; stock among top losers on Nifty Midcap 150 in early trade today

Shares of Indian Renewable Energy Development Agency declined 4.37 percent in early trade on Friday.

July 11, 2025 / 09:28 IST
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Shares of Indian Renewable Energy Development Agency declined 4.37 percent to Rs 162.23 in early trade on Friday. The stock is among the top losers on the Nifty Midcap 150 index.

Financial Performance:

The following table presents the consolidated quarterly financial performance of Indian Renewable Energy Development Agency:

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 1,510.27 CroreRs 1,629.54 CroreRs 1,698.45 CroreRs 1,905.06 CroreRs 1,947.60 Crore
Net ProfitRs 383.70 CroreRs 387.71 CroreRs 425.38 CroreRs 501.55 CroreRs 246.88 Crore
EPS1.431.441.581.870.91

The company's revenue has increased consistently over the quarters, with a notable rise from Rs 1,510.27 Crore in June 2024 to Rs 1,947.60 Crore in June 2025. However, the net profit saw a significant decrease in June 2025, falling to Rs 246.88 Crore from Rs 501.55 Crore in March 2025.

The following table presents the consolidated yearly financial performance of Indian Renewable Energy Development Agency:

Heading2019202020212025
RevenueRs 2,019.57 CroreRs 2,367.32 CroreRs 2,654.81 CroreRs 6,743.32 Crore
Net ProfitRs 249.91 CroreRs 214.55 CroreRs 346.41 CroreRs 1,698.34 Crore
EPS3.182.744.416.32
BVPS32.9432.1438.1838.20
ROE9.668.5111.5616.54
Debt to Equity7.268.678.016.31

The annual financial data shows a significant increase in revenue and net profit from 2019 to 2025. Revenue increased from Rs 2,019.57 Crore in 2019 to Rs 6,743.32 Crore in 2025. Net profit also increased substantially from Rs 249.91 Crore in 2019 to Rs 1,698.34 Crore in 2025.

The table below shows the standalone annual Income statement:

Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
SalesRs 6,742 CroreRs 4,963 CroreRs 3,481 CroreRs 2,859 CroreRs 2,613 Crore
Other IncomeRs 12 CroreRs 1 CroreRs 1 CroreRs 14 CroreRs 44 Crore
Total IncomeRs 6,754 CroreRs 4,965 CroreRs 3,483 CroreRs 2,874 CroreRs 2,658 Crore
Total ExpenditureRs 509 CroreRs 115 CroreRs 255 CroreRs 453 CroreRs 518 Crore
EBITRs 6,244 CroreRs 4,849 CroreRs 3,227 CroreRs 2,421 CroreRs 2,139 Crore
InterestRs 4,141 CroreRs 3,164 CroreRs 2,088 CroreRs 1,587 CroreRs 1,570 Crore
TaxRs 405 CroreRs 433 CroreRs 274 CroreRs 200 CroreRs 223 Crore
Net ProfitRs 1,698 CroreRs 1,252 CroreRs 864 CroreRs 633 CroreRs 346 Crore

The table below shows the standalone quarterly Income statement:
Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
SalesRs 1,947 CroreRs 1,904 CroreRs 1,698 CroreRs 1,629 CroreRs 1,510 Crore
Other IncomeRs 12 CroreRs 10 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Total IncomeRs 1,959 CroreRs 1,914 CroreRs 1,698 CroreRs 1,630 CroreRs 1,510 Crore
Total ExpenditureRs 436 CroreRs 181 CroreRs 128 CroreRs 140 CroreRs 60 Crore
EBITRs 1,522 CroreRs 1,733 CroreRs 1,570 CroreRs 1,490 CroreRs 1,450 Crore
InterestRs 1,218 CroreRs 1,103 CroreRs 1,032 CroreRs 1,030 CroreRs 974 Crore
TaxRs 57 CroreRs 128 CroreRs 112 CroreRs 72 CroreRs 92 Crore
Net ProfitRs 246 CroreRs 501 CroreRs 425 CroreRs 387 CroreRs 383 Crore

The table below shows the cash flow:
Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Operating ActivitiesRs -14,461 CroreRs -11,099 CroreRs -12,343 CroreRs -5,254 CroreRs -3,206 Crore
Investing ActivitiesRs -543 CroreRs -23 CroreRs -17 CroreRs -107 CroreRs -2 Crore
Financing ActivitiesRs 14,960 CroreRs 11,058 CroreRs 12,367 CroreRs 5,271 CroreRs 2,441 Crore
OthersRs 0 CroreRs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Net Cash FlowRs -44 CroreRs -64 CroreRs 7 CroreRs -89 CroreRs -767 Crore

The table below shows the balance sheet:
Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Share CapitalRs 2,687 CroreRs 2,687 CroreRs 2,284 CroreRs 2,284 CroreRs 784 Crore
Reserves & SurplusRs 7,578 CroreRs 5,871 CroreRs 3,650 CroreRs 2,983 CroreRs 2,210 Crore
Current LiabilitiesRs 66,410 CroreRs 32,879 CroreRs 30,164 CroreRs 28,636 CroreRs 24,976 Crore
Other LiabilitiesRs 3,057 CroreRs 21,161 CroreRs 14,347 CroreRs 2,803 CroreRs 2,320 Crore
Total LiabilitiesRs 79,734 CroreRs 62,600 CroreRs 50,446 CroreRs 36,708 CroreRs 30,292 Crore
Fixed AssetsRs 348 CroreRs 361 CroreRs 372 CroreRs 379 CroreRs 246 Crore
Current AssetsRs 77,140 CroreRs 60,125 CroreRs 47,891 CroreRs 34,235 CroreRs 28,046 Crore
Other AssetsRs 2,245 CroreRs 2,113 CroreRs 2,182 CroreRs 2,094 CroreRs 2,000 Crore
Total AssetsRs 79,734 CroreRs 62,600 CroreRs 50,446 CroreRs 36,708 CroreRs 30,292 Crore
Contingent LiabilitiesRs 0 CroreRs 1,915 CroreRs 2,308 CroreRs 0 CroreRs 0 Crore

Key financial ratios for Indian Renewable Energy Development Agency are as follows:
RatioMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Basic EPS (Rs.)4.428.033.785.166.32
Diluted EPS (Rs.)4.428.033.785.166.32
Book Value [Excl. Reval Reserve]/Share (Rs.)38.1723.0625.9831.8538.20
Dividend/Share (Rs.)0.000.000.000.000.00
Face Value1010101010
Gross Profit Margin (%)82.7285.4693.3798.3093.19
Operating Margin (%)81.8684.6592.6997.6992.62
Net Profit Margin (%)13.2522.1524.8325.2225.19
Return on Networth / Equity (%)11.5612.0214.5614.6216.54
ROCE (%)40.2529.9915.9116.3146.86
Return On Assets (%)1.141.721.712.002.13
Current Ratio (X)1.121.201.591.831.16
Quick Ratio (X)1.121.201.591.831.16
Debt to Equity (x)7.803.376.775.806.31
Interest Coverage Ratios (X)1.381.541.561.541.52
Asset Turnover Ratio (%)0.090.090.080.090.09
Inventory Turnover Ratio (X)0.000.000.000.000.00
3 Yr CAGR Sales (%)20.3018.9821.2837.8053.54
3 Yr CAGR Net Profit (%)-3.3061.09100.7590.1363.74
P/E (x)0.000.000.0026.3425.41
P/B (x)0.000.000.004.274.20
EV/EBITDA (x)0.000.000.0017.5217.07
P/S (x)0.000.000.007.366.40

IREDA has informed the exchange about the consolidated and standalone financial statements for the quarter ended June 30, 2025.

IREDA has informed the exchange the investor presentation for the quarter ended June 30, 2025.

Moneycontrol analysis suggests a very bearish sentiment on the stock as of July 7, 2025.

Shares of Indian Renewable Energy Development Agency declined 4.37 percent in early trade on Friday.

Alpha Desk
first published: Jul 11, 2025 09:28 am

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