IREDA shares in Focus: PSU stock surges as loan sanctions mark 27% rise for FY25
Indian Renewable Energy Development Agency Limited reported significant growth in its financial performance for the fiscal year ending March 31, 2025.
New Delhi: Shares of Renewable Energy Stock, IREDA, are inthe spotlight as the company has announced its significant growth in the financial performance of the FY25, marking a growth of 27% in the loan sanctions for FY24-25.
As per the provisional data shared, the Indian Renewable Energy Development Agency Limited reported significant growth in its financial performance for the fiscal year ending March 31, 2025. Loan sanctions for FY 2024-25 stood at Rs 47,453 crore, marking a 27% increase from Rs 37,354 crore in the previous year.
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As compared to Rs 25,089 crore in FY 2023-24, loan disbursements rises by 20% to Rs 30,168 crore. From Rs 59,698 crore in the prior year, the outstanding loan book also grew by 28% to Rs 76,250 crore as of March 31, 2025.
Currently, the stock is trading down by 0.90% at Rs 159.14 as of 12:15 PM at NSE. The stock has surged over 8% in the last one month as per exchange data.
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