IREDA net profit falls 36 pc to ₹247 cr in June quarter
The company had posted a net profit of ₹ 384 crore in the quarter ended on June 30, 2024, a BSE filing showed.
However, the revenue from operations improved to ₹ 1,947 crore during the quarter against ₹ 1,510 crore in the year-ago period.
The total expense rose to ₹ 1,655 crore in the quarter from ₹ 1,034.96 crore in the same period a year ago.
The financing cost climbed to ₹ 1,218 crore compared to ₹ 975 crore, while the impairment on financial instruments was ₹ 363 crore against the gain of ₹ 30 crore a year ago.
The net worth of the company appreciated to ₹ 12,042 crore from ₹ 9,110 crore in FY25.
Similarly, its loan book increased to ₹ 79,941 crore compared to ₹ 63,207 crore a year ago.
The company's loan sanctions grew to ₹ 11,740 crore against ₹ 9,136 crore in the corresponding period a year ago, while the loan disbursements rose to ₹ 6,980 crore from ₹ 5,325 crore.
"Our expanding loan book and net worth reflect our strategic focus and robust operations. IREDA supports India's renewable energy journey with a growing portfolio and strong performance, committed to a sustainable future through innovation and responsible finance," Pradip Kumar Das, Chairman and Managing Director of IREDA, said.
The company's primary business is to provide finance for Renewable Energy & Energy Efficiency projects and related activities carried out in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
34 minutes ago
- News18
Evo11ve.AI launches AI coach portal to boost academic outcomes for CBSE students
Chennai, Aug 2 (PTI) Education technology company launched the 'Evo11ve AI Coach', an online portal designed to benefit the student community, an official said on Saturday. Targeted at students from classes 6 to 12 under the CBSE curriculum, the dedicated web portal aims to significantly improve grade averages and enhance academic outcomes, said Swapna Reddy, founder and CEO of the city-based in a statement. 'We strongly believe that with the right learning strategies and personalisation, children can learn anything. Our AI Coach has the potential to analyse and identify knowledge gaps and improve each student's performance by 10–20 percentage points through sustained use," Reddy added. According to Reddy, the AI-driven solution enables intelligent, adaptive learning by understanding the level and context of each student. It can tailor learning paths to address gaps and support deeper understanding where necessary. Citing a study which found that only 43 per cent of children aged 14 to 18 can solve a three-digit division problem and just 57.3 per cent can read English sentences, Reddy said that such issues can be addressed effectively with the right use of artificial intelligence. 'This unique web application provides a safe space for learners to ask questions, make mistakes without judgment, and access unlimited opportunities for practice and assessment through customised sessions," she added. As a curtain-raiser to the launch, recently conducted the 'CreAltive 2025' contest—a competition challenging CBSE students from classes 6 to 12 to harness the power of AI. The event recognised the most creative and well-executed projects, with 350 students from over 35 schools participating. Eighteen students were named winners, the company added. PTI VIJ SSK VIJ SSK KH view comments First Published: August 02, 2025, 14:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
an hour ago
- Economic Times
GHV Infra Projects bags Rs 2,645 cr worth contract from UAE entity
Agencies GHV Infra Projects GHV Infra Projects has bagged an EPC contract worth Rs 2,645 crore from Rana Exim FZ-LLC in the UAE for development of a smart manufacturing hub, the company announced on Saturday. The project is awarded to GHV Infra Projects for engineering, procurement, and construction (EPC) of Erisha Smart Manufacturing Hub consisting of Industrial and Commercial Buildings at Ras Al Khaimah Economic Zone (RAKEZ), UAE. The EPC contract is estimated to be completed within 24 months excluding 90 days of initial setup & mobilization period, the company said in a stock exchange filing. "With this order, the total order book of the company has risen to over Rs 7,000 crore and shall continue to strive few more selective project options in near term," GHV Group Chairman Jahid Vijapura said in a statement. Shares of GHV Infra Projects closed at Rs 1549.20 per unit on Friday 4:00 PM on BSE.
Time of India
an hour ago
- Time of India
GHV Infra Projects bags Rs 2,645 cr worth contract from UAE entity
GHV Infra Projects has bagged an EPC contract worth Rs 2,645 crore from Rana Exim FZ-LLC in the UAE for development of a smart manufacturing hub , the company announced on Saturday. The project is awarded to GHV Infra Projects for engineering, procurement, and construction (EPC) of Erisha Smart Manufacturing Hub consisting of Industrial and Commercial Buildings at Ras Al Khaimah Economic Zone (RAKEZ), UAE. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Artificial Intelligence Technology Public Policy Degree Operations Management Others Project Management CXO Data Science Cybersecurity Management Data Science Digital Marketing MCA healthcare others Finance Design Thinking Product Management Healthcare Leadership Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details The EPC contract is estimated to be completed within 24 months excluding 90 days of initial setup & mobilization period, the company said in a stock exchange filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo "With this order, the total order book of the company has risen to over Rs 7,000 crore and shall continue to strive few more selective project options in near term," GHV Group Chairman Jahid Vijapura said in a statement. Shares of GHV Infra Projects closed at Rs 1549.20 per unit on Friday 4:00 PM on BSE.
