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IREDA Reports 54% Jump in Profits in Q2 as Non-Performing Assets Continue to Drop

The company’s loan book increased 41% YoY to ₹475.14 billion

October 23, 2023

/ Satish Shetty
/ Finance and M&A, Other, Renewable Energy
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The government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 54% year-over-year (YoY) increase in profit after tax for the second quarter (Q2) of the financial year (FY) 2023-24, from ₹1.84 billion (~$22.13 million) to ₹2.85 billion (~$34.28 million).

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Satish Shetty

More articles from Satish Shetty.
IREDAloansNon Performing Assetsquarterly resultsRenewable Energy
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