Indian Renewable Energy Development Agency Records Rise in Fiscal Q3 Net Profit

MT Newswires Live

01-10

Indian Renewable Energy Development Agency (NSE:IREDA, BOM:544026) saw an increase in its net profit to 4.25 billion Indian rupees in the fiscal third quarter ended Dec. 31, 2024, against 3.35 billion rupees a year ago.

Earnings per share came in at 1.58 rupees compared with 1.38 rupees, according to a Thursday filing to the stock exchanges.

Revenue from operations in fiscal Q3 also increased to 17.0 billion rupees from 12.5 billion rupees a year earlier.

Shares of the company were down over 2% in recent trade.

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