Indian Renewable Energy Development Agency (IREDA) reported a significant 36% year-on-year (YoY) rise in net profit for the second quarter ending September 30, 2024, reaching Rs 387.75 crore. In comparison, the firm recorded Rs 284.73 crore in profit during the same period in the previous fiscal year, as per its exchange filing.
Accordingly, revenue from operations soared to Rs 1,630.38 crore from Rs 1,176.96 crore in the same quarter a year ago. Meanwhile, net interest income-NII growth by 52% at Rs 546.8 crore from Rs 359 crore earlier. IREDA shares closed at Rs 232.70 each, up 0.68% on NSE.
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Source: Moneycontrol
News Desk
