Overview
- IREDA reported standalone net profit of Rs 585 crore for the December quarter, up 37% year on year, with revenue from operations at Rs 2,140 crore, up 38%.
- The loan book rose 28% to Rs 87,975 crore, while net interest income increased 34.8% to Rs 897.5 crore.
- Asset quality strengthened quarter on quarter as gross NPA improved to 3.75% from 3.97% and net NPA to 1.68% from 1.97%, with net NPAs at Rs 1,448 crore.
- Net worth climbed 38% year on year to Rs 13,537 crore, supported by fundraising that included a Rs 2,005.90 crore QIP earlier in the fiscal.
- Despite the operational gains, the stock closed 3.19% lower at Rs 136.65 on the BSE, with technical views split between a potential rebound toward Rs 154–158 and resistance near Rs 160 with support around Rs 135.