Ireda Q3 Net Profit Up 27% to Rs 425.35 Bn Revenue Jumps 37%

10 Jan 2025 CW Team

State-run financier Indian Renewable Energy Development Agency (Ireda) reported a net profit of Rs 4.25 billion for the October-December quarter of the financial year 2024-25 (Q4FY25). This was a 27 per cent increase compared to the net profit of Rs 3.35 billion in the same quarter the previous year. The total revenue from operations for Q3FY25 stood at Rs 16.98 billion, reflecting a 35.6 per cent year-on-year (Y-o-Y) increase from Rs 12.52 billion in the corresponding quarter of the last financial year.

On a sequential basis, the profit after tax (PAT) grew by 10 per cent compared to Rs 3.87 billion reported in Q2FY25. The gross non-performing assets (NPAs) decreased to 2.68 per cent in Q3FY25, down from 2.90 per cent in the same period the previous year. The company’s net interest income (NII) also surged by 39 per cent Y-o-Y, rising to Rs 6.22 billion from Rs 4.48 billion in the corresponding quarter of the previous year.

Ireda’s loan disbursements for the December quarter increased by 41 per cent Y-o-Y, reaching Rs 172.36 billion, up from Rs 122.20 billion in the same period last year. By the end of Q3FY25, the company’s outstanding loan book amounted to Rs 690 billion, a 36 per cent increase from Rs 505.80 billion a year earlier. The company’s total expenses for the third quarter rose by 33.8 per cent, totalling Rs 11/60 billion, compared to Rs 8.67 billion in the same period of the previous year.

Ireda’s debt-equity ratio stood at 5.89 times, compared to 5.13 times the previous year. The company’s net worth grew by 21 per cent, reaching Rs 98.42 billion, compared to Rs 81.34 billion in the same quarter last year. However, Ireda’s shares closed 3.31 per cent lower at Rs 215.90 after Thursday’s market session, compared to Rs 223.30 at the previous day’s close.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..