Indian Renewable Energy Development Agency Limited — Important, 10-07-2025: Updates

Indian Renewable Energy Development Agency Limited (IREDA) has announced a board meeting to consider the financial results for the quarter and half-year. The company reported consolidated revenue from operations of ₹1,947.60 Cr, up from ₹1,510.27 Cr, driven mainly by interest income growth to ₹1,909.10 Cr. Finance costs rose to ₹1,218.27 Cr from ₹974.92 Cr, while impairment on financial instruments increased significantly to ₹362.61 Cr from a reversal of ₹30.04 Cr. Profit before tax declined to ₹304.84 Cr from ₹475.74 Cr, with net profit at ₹246.88 Cr versus ₹383.70 Cr previously. The company’s capital adequacy ratio improved to 19.58%. Loan assets include ₹418.02 Cr classified as standard despite court orders, with prudential provisioning on interest income. The company raised ₹2,005.90 Cr via QIP, increasing equity capital to ₹2,809.23 Cr. Total assets stood at ₹83,528 Cr, with borrowings of ₹33,754 Cr and debt securities of ₹29,840 Cr. The solar power project contributed ₹6.33 Cr net revenue. The company maintains robust risk management with derivative hedges covering foreign currency and interest rate exposures.