IREDA Share Price: Multibagger PSU Stock Soars 8% After Record Q4; Net Profit Zooms 49% YoY

Shares of IREDA (Indian Renewable Energy Development Agency) opened on a strong note on Wednesday morning after the PSU company announced its Q4 financial results for the quarter ended March 31. Investor sentiment turned bullish, pushing the stock up by 8% intraday.

IREDA Share Price Movement

At Tuesday's closing, IREDA shares stood at Rs.166.98. As the Q4 results were released post-market hours, the upbeat numbers triggered a buying spree on Wednesday morning. By 10 AM, the stock was trading at Rs 176.30, up 5.39% from the previous close.

In the last five trading sessions, IREDA shares have gained nearly 12%, with PSU stocks in general witnessing a strong 25% monthly growth. However, despite the recent rally, IREDA shares currently remain 43% below their 52-week high, indicating potential room for recovery.

Ireda Q4 Results

In its Q4 FY2024-25 financial results, IREDA has posted impressive growth. The Profit After Tax (PAT), or the net profit for the quarter, stood at Rs. 502 crore, with a massive 49% increase compared to Q4 FY2023-24. The Profit Before Tax (PBT) rose to Rs. 630 crore, showing a 31% year-on-year growth.

IRED'A's revenue from operations reached Rs.1,904 crore in Q4 FY25, a solid 37% rise over the same period last year. As of Q4 FY25, IREDA's loan book stood at Rs 76,281 crore, with 28% growth year-on-year.

IREDA'S Full-Year FY2024-25 Performance

For the entire financial year FY2024-25, the IREDA reported a Profit After Tax (PAT) of Rs.1,699 crore, up 36% from the previous year. The Profit Before Tax (PBT) rose to Rs. 2,104 crore, registering a 25% increase year-on-year. The full-year revenue from operations also saw a significant jump, reaching Rs. 6,742 crore, a 36% rise compared to FY2023-24.
The company closed FY25 with a net worth of ₹10,266 crore and a loan book of ₹76,282 crore, both showing strong double-digit growth. This reflects consistent performance, robust demand across business segments, and efficient financial management.

Pradip Kumar Das, CMD, IREDA, said, "IREDA's sustained growth in revenue, profitability, and loan book underscores our strategic focus towards financing India's renewable energy ambitions. We remain committed to being the enabler of India's green energy transition through innovative financial solutions and strategic partnerships."
Shri Das also expressed his appreciation for Team IREDA for their unwavering dedication and excellence in achieving these milestones. He further extended his gratitude to Shri Pralhad Joshi, Hon'ble Union Minister of New & Renewable Energy, Consumer Affairs and Food & Public Distribution; Shri Shripad Naik, Hon'ble Minister of State for Power and New & Renewable Energy; Ms Nidhi Khare, Secretary, MNRE; other senior officials of MNRE and other ministries; and the Board of Directors for their continued support and invaluable guidance.

About IREDA

A part of the Navratna organisation, IREDA (Indian Renewable Energy Development Agency Limited) was formed in 1987 by the government of India. Being a public sector enterprise, IREDA operates under the Ministry of New and Renewable Energy (MNRE) and provides financial assistance for the development of renewable energy projects across the country. IREDA provides a wide range of financial products, including project financing, term loans, and short-term loans, to companies and entities involved in the renewable energy sector.