Shares of IREDA experienced a significant decline in Friday's session. The shares fell 5.51% to trade at Rs 160.30 at 3:00 pm and were identified among the top losers on the Nifty Midcap 150 index. The decline reflects a 5.51% decrease from its previous close.
Other stocks that were among the top losers on the Nifty Midcap 150 included Hitachi Energy, BSE Limited, Apar Ind, and Solar Ind.
Here is a summary of IREDA's financial performance:
The following table presents the consolidated quarterly results for Indian Renew:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 283.11 Crore | Rs 370.79 Crore | Rs 372.42 Crore | Rs 361.49 Crore | Rs 373.54 Crore |
| Net Profit | -Rs 53.66 Crore | -Rs 13.99 Crore | -Rs 13.21 Crore | -Rs 30.06 Crore | -Rs 29.45 Crore |
| EPS | -3.68 | -0.99 | -0.75 | -2.05 | -1.53 |
The revenue for the quarter ending March 2025 stood at Rs 373.54 Crore, compared to Rs 283.11 Crore for the quarter ending March 2024. The net profit was -Rs 29.45 Crore for the quarter ending March 2025, compared to -Rs 53.66 Crore for the quarter ending March 2024.
The following table presents the consolidated yearly results for IREDA:
| Heading | 2018 | 2019 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 632.66 Crore | Rs 761.69 Crore | Rs 894.03 Crore | Rs 1,369.28 Crore | Rs 1,479.33 Crore |
| Net Profit | Rs 47.74 Crore | Rs 58.01 Crore | Rs 70.66 Crore | -Rs 51.19 Crore | -Rs 86.71 Crore |
| EPS | 212.69 | 6.49 | 5.34 | -3.59 | -5.32 |
| BVPS | 3,790.00 | 100.21 | 72.23 | 68.39 | 75.30 |
| ROE | 5.53 | 6.42 | 7.57 | -5.37 | -6.97 |
| Debt to Equity | 0.05 | 0.13 | 0.45 | 0.65 | 0.25 |
The annual revenue for the year ending March 2025 was Rs 1,479.33 Crore, an increase compared to Rs 1,369.28 Crore in the year ending March 2024. The net profit for the year ending March 2025 was -Rs 86.71 Crore, while in the year ending March 2024, it was -Rs 51.19 Crore.
The following table presents the consolidated yearly income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Sales | Rs 1,479 Crore | Rs 1,369 Crore | Rs 894 Crore | Rs 761 Crore | Rs 632 Crore |
| Other Income | Rs 35 Crore | Rs 21 Crore | Rs 19 Crore | Rs 37 Crore | Rs 30 Crore |
| Total Income | Rs 1,514 Crore | Rs 1,390 Crore | Rs 913 Crore | Rs 799 Crore | Rs 663 Crore |
| Total Expenditure | Rs 1,557 Crore | Rs 1,414 Crore | Rs 804 Crore | Rs 703 Crore | Rs 581 Crore |
| EBIT | -Rs 42 Crore | -Rs 24 Crore | Rs 108 Crore | Rs 95 Crore | Rs 81 Crore |
| Interest | Rs 31 Crore | Rs 29 Crore | Rs 7 Crore | Rs 6 Crore | Rs 6 Crore |
| Tax | Rs 12 Crore | -Rs 2 Crore | Rs 30 Crore | Rs 31 Crore | Rs 26 Crore |
| Net Profit | -Rs 86 Crore | -Rs 51 Crore | Rs 70 Crore | Rs 58 Crore | Rs 47 Crore |
The following table presents the consolidated quarterly income statement:
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 373 Crore | Rs 361 Crore | Rs 372 Crore | Rs 370 Crore | Rs 283 Crore |
| Other Income | Rs 11 Crore | Rs 15 Crore | Rs 5 Crore | Rs 3 Crore | Rs 4 Crore |
| Total Income | Rs 385 Crore | Rs 376 Crore | Rs 378 Crore | Rs 374 Crore | Rs 287 Crore |
| Total Expenditure | Rs 394 Crore | Rs 403 Crore | Rs 377 Crore | Rs 382 Crore | Rs 342 Crore |
| EBIT | -Rs 8 Crore | -Rs 26 Crore | Rs 1 Crore | -Rs 8 Crore | -Rs 54 Crore |
| Interest | Rs 9 Crore | Rs 5 Crore | Rs 9 Crore | Rs 7 Crore | Rs 3 Crore |
| Tax | Rs 11 Crore | -Rs 1 Crore | Rs 4 Crore | -Rs 1 Crore | -Rs 3 Crore |
| Net Profit | -Rs 29 Crore | -Rs 30 Crore | -Rs 13 Crore | -Rs 13 Crore | -Rs 53 Crore |
The following table presents the consolidated cash flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 99 Crore | Rs 68 Crore | -Rs 6 Crore | -Rs 24 Crore | Rs 103 Crore |
| Investing Activities | -Rs 142 Crore | -Rs 215 Crore | -Rs 241 Crore | -Rs 25 Crore | -Rs 67 Crore |
| Financing Activities | -Rs 52 Crore | Rs 167 Crore | Rs 237 Crore | Rs 39 Crore | -Rs 30 Crore |
| Others | Rs 0 | Rs 0 | Rs 124 Crore | Rs 0 | Rs 0 |
| Net Cash Flow | -Rs 94 Crore | Rs 21 Crore | Rs 114 Crore | -Rs 10 Crore | Rs 5 Crore |
The following table presents the consolidated balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Share Capital | Rs 13 Crore | Rs 13 Crore | Rs 13 Crore | Rs 9 Crore | Rs 2 Crore |
| Reserves & Surplus | Rs 984 Crore | Rs 860 Crore | Rs 906 Crore | Rs 839 Crore | Rs 813 Crore |
| Current Liabilities | Rs 262 Crore | Rs 325 Crore | Rs 322 Crore | Rs 225 Crore | Rs 164 Crore |
| Other Liabilities | Rs 194 Crore | Rs 485 Crore | Rs 390 Crore | Rs 125 Crore | Rs 94 Crore |
| Total Liabilities | Rs 1,454 Crore | Rs 1,683 Crore | Rs 1,632 Crore | Rs 1,199 Crore | Rs 1,074 Crore |
| Fixed Assets | Rs 911 Crore | Rs 1,054 Crore | Rs 1,047 Crore | Rs 496 Crore | Rs 381 Crore |
| Current Assets | Rs 487 Crore | Rs 601 Crore | Rs 556 Crore | Rs 481 Crore | Rs 473 Crore |
| Other Assets | Rs 55 Crore | Rs 28 Crore | Rs 28 Crore | Rs 221 Crore | Rs 219 Crore |
| Total Assets | Rs 1,454 Crore | Rs 1,683 Crore | Rs 1,632 Crore | Rs 1,199 Crore | Rs 1,074 Crore |
| Contingent Liabilities | Rs 0 | Rs 356 Crore | Rs 429 Crore | Rs 142 Crore | Rs 89 Crore |
The following table presents the consolidated ratios:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | -5.32 | -3.59 | 5.34 | 6.49 | 212.69 |
| Diluted Eps (Rs.) | -5.32 | -3.59 | 5.34 | 6.49 | 212.69 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 75.30 | 68.39 | 72.23 | 100.21 | 3,790.00 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 0.65 | 2.50 |
| Face Value | 1 | 1 | 1 | 1 | 10 |
| Gross Profit Margin (%) | 6.27 | 5.46 | 18.21 | 18.52 | 18.98 |
| Operating Margin (%) | -2.87 | -4.15 | 12.17 | 12.59 | 13.15 |
| Net Profit Margin (%) | -5.86 | -3.73 | 7.90 | 7.61 | 7.54 |
| Return on Networth / Equity (%) | -6.97 | -5.37 | 7.57 | 6.42 | 5.53 |
| ROCE (%) | -3.57 | -4.18 | 8.31 | 9.84 | 9.14 |
| Return On Assets (%) | -4.78 | -2.78 | 4.26 | 4.54 | 4.20 |
| Current Ratio (X) | 1.86 | 1.85 | 1.73 | 2.14 | 2.88 |
| Quick Ratio (X) | 0.95 | 1.09 | 0.91 | 1.29 | 2.34 |
| Debt to Equity (x) | 0.25 | 0.65 | 0.45 | 0.13 | 0.05 |
| Interest Coverage Ratios (X) | 2.94 | 2.56 | 20.90 | 15.77 | 12.20 |
| Asset Turnover Ratio (%) | 0.94 | 0.83 | 0.00 | 63.48 | 58.87 |
| Inventory Turnover Ratio (X) | 1.62 | 1.38 | 0.00 | 3.98 | 7.14 |
| 3 Yr CAGR Sales (%) | 39.36 | 47.12 | 26.70 | 35.50 | 39.38 |
| 3 Yr CAGR Net Profit (%) | 22.26 | 3.55 | -27.51 | 44.98 | -2.54 |
| P/E (x) | -89.93 | -138.65 | 76.94 | 0.00 | 0.00 |
| P/B (x) | 6.36 | 7.45 | 5.85 | 2.30 | 0.23 |
| EV/EBITDA (x) | 70.28 | 92.55 | 34.90 | 15.05 | 2.31 |
| P/S (x) | 4.29 | 4.75 | 6.01 | 2.57 | 0.30 |
IREDA's stock performance reflects a bearish sentiment, as indicated by a recent Moneycontrol analysis.
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