{"id":4327,"date":"2024-10-11T11:40:48","date_gmt":"2024-10-11T06:10:48","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4327"},"modified":"2024-10-11T11:40:49","modified_gmt":"2024-10-11T06:10:49","slug":"ireda-shares-climb-after-strong-q2-earnings-stock-up-125-ytd","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ireda-shares-climb-after-strong-q2-earnings-stock-up-125-ytd\/","title":{"rendered":"IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD"},"content":{"rendered":"\n

Shares of Indian Renewable Energy Development Agency (IREDA) rose on October 11 following the release of its strong second-quarter earnings report. The company’s net profit jumped 36 percent year-on-year (YoY) to \u20b9387.75 crore, driven by higher revenues, reinforcing investor confidence. Total income from operations surged 38 percent YoY to \u20b91,630.38 crore, while the company’s net interest income (NII) increased 52 percent YoY to \u20b9546.8 crore.<\/p>\n\n\n\n

At 9:39 AM, IREDA’s stock traded over 1 percent higher at \u20b9236.43 on the NSE. The stock has surged approximately 125 percent year-to-date, far outperforming Nifty’s 14 percent rise during the same period.<\/p>\n\n\n\n

IREDA, the country’s largest green financing NBFC, said its loan book expanded 35.88% YoY to \u20b9 64,564 crore during the July-September quarter. The company, however, said its asset quality remained stable with gross NPA at 2.19% and net NPA at 1.04%.<\/p>\n\n\n\n

CMD Pradip Kumar Das, while speaking on the occasion, said, “The company is committed to further the cause of renewable energy in India and is all-set to see a manifold increase in its loan sanctions and disbursements. IREDA said it has received approval from DIPAM and Ministry of New and Renewable Energy to set up a wholly-owned subsidiary for retail business activities. It will also be involved in renewable energy projects, including PM KUSUM, rooftoop solar, electric vehicles, and energy efficiency.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Indian Renewable Energy Development Agency (IREDA) rose on October 11 following the release of its strong second-quarter earnings report. The company’s net profit jumped 36 percent year-on-year (YoY) to \u20b9387.75 crore, driven by higher revenues, reinforcing investor confidence. Total income from operations surged 38 percent YoY to \u20b91,630.38 crore, while the company’s net […]<\/p>\n","protected":false},"author":1,"featured_media":4328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[471],"class_list":["post-4327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-ireda-q2-net-profit"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4327"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4327\/revisions"}],"predecessor-version":[{"id":4329,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4327\/revisions\/4329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4328"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}