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IREDA Q4 Results: The PSU company's revenue from operations meanwhile surged nearly 37 percent to Rs 1,905.06 crore. ( Photo: Pixabay)

Finance

IREDA Q4 Results: Net profit surges 49% to Rs 502 crore, revenue up 37%

IREDA Q4 Results: Indian Renewable Energy Development Agency Ltd. (IREDA), a leading Green Financing NBFC, has announced record-breaking financial results for the fiscal year 2024-25, marking its highest-ever annual Profit After Tax (PAT) of ₹1,699 crore. Demonstrating exceptional efficiency and transparency, IREDA has achieved the distinction of being the first NBFC and PSU to release its audited financial results within an unprecedented 15 days of the fiscal year’s end. This remarkable performance, approved by the company’s Board of Directors, highlights IREDA’s robust growth across key financial metrics, including a substantial increase in its loan book and revenue, solidifying its position as a pivotal player in India’s renewable energy sector.

Commenting on the results, 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.”

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 ministry; and the Board of Directors for their continued support and invaluable guidance.

.@IREDALtd Reports Highest Ever PAT of ₹1,699 Crore for FY 2024-25, First Company in the NBFC and Banking Sector to Announce Audited Results

As the nation’s largest pure-play Green Financing NBFC, IREDA has once again set industry standards by publishing its Audited Financial…
— PIB India (@PIB_India) April 15, 2025

Along with the Q4 results, IREDA also announced the appointment of cost accountants RM Bansal and company as the PSU firm’s cost auditor for the current financial year (FY26). The appointment will be effective from 15 April, 2025.

Key Financial Highlights (Standalone) – Q4 FY2024-25 vs Q4 FY2023-24: