IREDA: Powering India's Green Future with Record Growth in Q3 FY 2024-25

A Beacon of Growth in Green Financing

The Indian Renewable Energy Development Agency Ltd. (IREDA) continues to cement its position as a key driver in India's renewable energy sector. With a sharp focus on supporting sustainable energy projects, IREDA has delivered impressive financial results for the third quarter of FY 2024-25, showcasing its unwavering commitment to fostering a greener future.

In Q3 FY 2024-25, IREDA achieved a net profit of ₹425.37 crore, a 26.8% increase from ₹335.54 crore in the same period the previous year. This surge in profitability reflects the company’s ability to adapt, innovate, and effectively navigate the rapidly growing renewable energy market.

Revenue and Loan Growth

IREDA reported a substantial growth in revenue, reaching ₹1,698.99 crore in Q3 FY 2024-25. This marks a 35.57% jump compared to ₹1,253.20 crore in the corresponding quarter of FY 2023-24.

Loan activity has been a cornerstone of IREDA's success. The company recorded:

• Loan sanctions of ₹13,226.81 crore, a remarkable 45.01% increase compared to ₹9,121.11 crore in Q3 FY 2023-24.

• Loan disbursements of ₹7,448.96 crore, up 25.27% from ₹5,946.45 crore in the previous year.

These figures highlight IREDA’s expanding role in providing financial support to renewable energy projects across the country.

A Growing Loan Book and Strengthened Financial Position

IREDA’s total loan book has grown to an impressive ₹68,959.61 crore, reflecting a 36.34% increase from ₹50,579.67 crore in Q3 FY 2023-24. This robust growth demonstrates the company’s ability to cater to the rising demand for renewable energy financing.

The company’s net worth has also strengthened significantly, reaching ₹9,842.07 crore, up 20.99% from ₹8,134.56 crore in the same quarter last year. This growth underscores IREDA’s strong financial foundation and ability to support its ambitious green energy initiatives.

Boost in Earnings Per Share

Earnings per share (EPS) saw a steady rise, improving by 15.03% to ₹1.58 in Q3 FY 2024-25, compared to ₹1.38 in the same period the previous year. This increase reflects IREDA's ability to deliver value to its stakeholders while maintaining financial resilience.

A Vision for India's Renewable Energy Transition

Pradip Kumar Das, CMD of IREDA, praised the company’s performance, stating,
"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 highlights our pivotal role in financing sustainable energy projects."

Das further emphasized IREDA’s robust financial position and profitability as crucial factors enabling the company to drive India’s green energy ambitions forward.

Industry-Leading Efficiency and Transparency

IREDA has also set new industry standards by publishing its Quarterly Audited Financial Results within just nine days, a milestone that positions the organization as a leader in efficiency and transparency. This remarkable achievement reflects the company’s commitment to operational excellence and stakeholder trust.

Powering India’s Renewable Energy Future

With its impressive Q3 FY 2024-25 performance, IREDA continues to play a pivotal role in India's journey toward a sustainable energy future. The company's focus on innovation, efficiency, and strong financial management has positioned it as a cornerstone of the country’s renewable energy transformation.

As India advances toward its renewable energy goals, IREDA’s unwavering commitment and record-breaking growth reaffirm its position as a leader in the green financing domain, ready to power the nation’s ambitions for a cleaner and more sustainable future.