Post earnings announcement, shares of the company rose 4% to the day’s high of Rs 155.85 on the BSE.
Revenue from operations rose 26.2% YoY to Rs 2,057 crore, compared with Rs 1,629.55 crore in Q2 FY25, the company said in an exchange filing.
Asset quality improved on a sequential basis for the company. Gross Non-Performing Assets improved to 3.97% from 4.13% in the June quarter, while Net Non-Performing Assets improved to 1.97% from 2.06% in the previous quarter.
On a sequential basis, the net profit more than doubled, rising 122% from Rs 247 crore reported in the first quarter. Revenue over the same period also gained from Rs 1,960 crore, a 5% increase from the previous quarter.
In its business update that it released earlier this month, IREDA’s loans sanctioned until September 30, 2025, increased by 86% from the same quarter last year to Rs 33,148 crore.IREDA’s disbursements increased by 54% on a year-on-year basis to Rs 15,043 crore, while its loan book outstanding at the end of the September quarter grew by 31% on a year-on-year basis to Rs 84,445 crore.At about 11:45 am, shares of the company were trading at Rs 154.55 per share, higher by 3% from the last close on the NSE. The stock has fallen over 30% on a year-to-date basis. The stock touched an intra-day high of Rs 156, higher by 4% from the last close on the NSE.
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