IREDA Reports Record Rs 16.99 Billion Profit for FY25

17 Apr 2025 CW Team

The Indian Renewable Energy Development Agency (IREDA) has reported a record profit after tax of Rs 16.99 billion for the financial year 2024–25, reflecting a 36 per cent increase from the previous year. IREDA has also become the first company in the NBFC and banking sector, and the first public sector undertaking (PSU), to release its audited financial results within 15 days of the close of the financial year.

At a board meeting held on 15 April 2025, IREDA’s directors approved the standalone and consolidated results, which show significant growth across all key financial indicators.

Key Standalone Financial Highlights (FY25 vs FY24): – Revenue from operations: Rs 67.42 billion (up 36 per cent) – Profit before tax: Rs 21.04 billion (up 25 per cent) – Net worth: Rs 102.66 billion (up 20 per cent) – Loan book: Rs 762.82 billion (up 28 per cent)

CMD Pradip Kumar Das stated that IREDA’s growth reflects its strategic commitment to India’s renewable energy transition, backed by innovative financing and strong governance. He acknowledged the support of the Ministry of New and Renewable Energy and the board.

Source: PIB Delhi

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