Ireda gains 6% as March quarter profit jumps 49%, stock surges 5.57%

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Ireda gains 6% as March quarter profit jumps 49%, stock surges 5.57% - Business Standard

Quick Summary:

IREDA (Indian Renewable Energy Development Agency Ltd) on Tuesday reported a 49 per cent rise in standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025.

Shares of IREDA on Wednesday jumped nearly 6 per cent after the state-owned firm reported a 49 per cent rise in standalone profit after tax in the quarter ended March 2025.The stock surged 5.57 per cent to Rs 176.40 apiece on the BSE.

Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement.