IREDA Q2 Results 2024 Updates: Net profit jumps 36.2% on year to ₹387.75 crore, NII grows 52% YoY
IREDA Q2 Results 2024 Updates: Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday reported an 36.2% year-on-year rise in its net profit for the fiscal’s second quarter ended September (Q2FY25) to ₹387.75 crore. The company had reported a profit of ₹284.73 crore in the year-ago period. Sequentially, the net profit was up 1.1% from ₹383.69 crore in Q1FY25.
During the quarter, the company’s Net Interest Income (NII) climbed by 51.9% to ₹546.86 crore from ₹359.8 crore in the same period the previous year.
IREDA announced its July-September quarter results for fiscal 2024-25 (Q2FY25) on Thursday, October 10 post market hours. IREDA share price ended 1.12% higher at ₹233.75 apiece on BSE ahead of Q2 results…
