IREDA Posts 67% Growth in Net Profit but stock is down 30% from top

 

IREDA Posts 67% Growth in Net Profit but stock is down 30% from top

  • Key financial highlights for Q3, FY 2023–24 compared to Q3, FY 2022–23 are as follows:
  • • Profit After Tax: ₹ 335.54 crores as against ₹ 200.75 crores (up by 67.15%)
  • • Revenue from Operations: ₹ 1,253.20 crores as against ₹ 868.98 crores (up by 44.21%)
  • • Loan Book: ₹ 50,579.67 crores as against ₹ 37,887.69 crores (up by 33.50%) • Net-worth: ₹ 8,134.56 crores as against ₹ 5,591 crores (up by 45.49%)
  • • Net NPAs: 1.52% as against 2.03% (reduction by 25% in percentage terms)
  • Gross NPAs: 2.90% as against 4.24% (reduction by 31.70% in percentage terms) 

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