IREDA share price in focus after Q3 results. Should you buy, sell or hold the PSU stock?
REDA share price will be in focus on Friday, January 10, after the company reported its earnings for the third quarter of FY25. Indian Renewable Energy Development Agency Ltd (IREDA), the state-run financier, announced its Q3 results after the Indian stock market closed on Thursday. Hence, IREDA stock is expected to react to its Q3 results in today’s trading session.
The ‘Navratna’ PSU company, IREDA reported a net profit of ₹425.38 crore in Q3FY25, registering a growth of 27% from ₹335.5 crore in the same period last fiscal year.
The company’s total revenue from operations during the quarter ended December 2024 increased 35.6% to ₹1,698.45 crore from 1,208.10 crore, year-on-year (YoY).
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