IREDA

The Indian Renewable Energy Development Agency Ltd (IREDA), a key public sector financier under the Ministry of New and Renewable Energy, has initiated a Qualified Institutional Placement (QIP) to raise Rs. 5,000 crore. The company’s board has set a floor price of Rs. 173.83 per equity share, in accordance with SEBI’s pricing norms. The QIP, approved by both the board and shareholders earlier this year, seeks to strengthen IREDA’s capital base in response to rising demand for renewable energy financing.

Shares of the Indian Renewable Energy Development Agency Ltd (IREDA) surged nearly 6% on Wednesday after the state-owned company reported a significant 49% increase in standalone profit after tax (PAT) for the quarter ending March 2025. The company’s strong financial performance, with a 37% year-on-year rise in revenue, has bolstered investor confidence. For the fiscal year 2025, IREDA posted a record PAT of Rs. 1,699 crore, reflecting a 36% increase compared to FY24.

The Indian Renewable Energy Development Agency (IREDA), a key player in financing renewable energy projects, has reported remarkable financial results for the quarter and fiscal year ended March 31, 2025. The company saw a 49% increase in its profit after tax (PAT) for Q4 FY25, reaching Rs 502 crore. For the full year, PAT stood at a record Rs 1,699 crore, marking a 36% growth compared to FY24. With substantial growth in revenue, loan book, and net worth, IREDA's performance reflects its strategic role in supporting India's transition to a green energy future.