As the Indian Renewable Energy Development Agency (IREDA) gears up to announce its fourth quarter results (Q4FY25) today (April 15), all eyes are on how this government-owned non-banking financial institution has fared in supporting India’s green energy push. Despite strong operational growth, IREDA’s share performance has had a bumpy ride over the past few months.
Ahead of the Q4 result today, the share price of IREDA is trading nearly 5% higher in early trad at Rs 161.49 per share.
Let’s take a look at how the company has performed financially and how the stock has behaved on the bourses ahead of its earnings:
IREDA stock performance: Rocky ride
In the past five trading sessions, IREDA’s share price has dipped about 3%, while over the last month, the company managed a modest gain of 10%. However, zooming out reveals deeper cuts. The stock is down 31% in the last six months and 30% year-to-date. Even on a one-year basis, the stock has declined 3%.
Still far from its peak
IREDA’s share price hit a 52-week high of Rs 310, but currently, it trades over 44% lower than that peak. On the flip side, it remains more than 25% above its 52-week low of Rs 137.01 per share.
IREDA Q4FY25
IREDA is set to announce its Q4FY25 results today, April 15. In an exchange filing, the company said, “…this is to inform you that meeting of the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) will be held on Tuesday, April 15, 2025, inter-alia to consider and approve the audited Consolidated financial results of the Company for the quarter & year ended March 31, 2025.”
IREDA financial highlights
The company’s business performance for the quarter ended March 31, 2025, IREDA reported a 27% jump in loan sanctions, touching Rs 47,453 crore in FY25, while loan disbursements rose 20% to Rs 30,168 crore. Its total loan book swelled by 28% year-on-year to Rs 76,250 crore.
In Q3FY25, IREDA posted a net profit of Rs 425 crore, up from Rs 387.75 crore in Q2, with earnings per share holding steady at Rs 1.58.