IREDA shares rise 2.10% in early trade

Shares of Indian Renewable Energy Development Agency were trading higher by 2.10% at Rs 150.45 in early trade, compared to the previous close. The stock is a constituent of the Nifty Midcap 150 index.

Financial Highlights:

Indian Renewable Energy Development Agency's annual revenue has demonstrated substantial growth. The consolidated revenue for the year-ending March 2025 stood at Rs 6,743.32 Crore, a notable increase compared to Rs 4,963.93 Crore in March 2024 and Rs 2,654.81 Crore in March 2021.

The company's net profit also experienced significant growth, reaching Rs 1,698.34 Crore for the year-ending March 2025, compared to Rs 1,252.24 Crore in March 2024. The Earnings per share (EPS) increased to Rs 6.32 in March 2025 from Rs 5.16 in March 2024.

Key financial ratios for Indian Renewable Energy Development Agency are as follows:

The company’s standalone annual income statement shows consistent growth in sales over the past five years. Sales increased from Rs 2,613 Crore in March 2021 to Rs 6,742 Crore in March 2025. The net profit also saw a substantial increase, rising from Rs 346 Crore in March 2021 to Rs 1,698 Crore in March 2025.
The company has also announced the appointment of Statutory Auditor(s) for the FY 25-26. Indian Renewable Energy Development Agency raised Rs 453 Crore via Perpetual Bonds, with the issue oversubscribed 2.69 times.

Indian Renewable Energy Development Agency gained 2.10%.