INVC NEWS
New Delhi : The profit of the public sector Indian Renewable Energy Development Agency (IREDA) rose by more than 30 percent to Rs 383.69 crore in the June quarter of the current financial year. The company said that it had a profit of Rs 294.58 crore in the same quarter a year ago. IREDA’s operating income increased to Rs 1,501.71 crore in the April-June quarter from Rs 1,143.50 crore in the same quarter a year ago.
IREDA, the country’s leading non-banking financial company (NBFC) related to green financing, said that it has set a new standard for the industry by publishing audited financial results within just 12 days of the end of the quarter.
The company’s non-performing assets declined to 0.95 percent in the first quarter of FY 2024-25. It was 1.61 percent in the same quarter a year ago. The company’s assets grew by 44.83 per cent to Rs 9,110.19 crore in the quarter ended June 30, 2024 from Rs 6,290.40 crore in the same quarter a year ago.
