Green Energy stock jumps 6% after company reports 382% YoY rise in loan approvals

In early trade on Monday, shares of this NBFC firm, which provides financial assistance for renewable energy (RE) projects, rose 6% to ₹ 202 per share after the company reported a 382% year-on-year rise in loan approvals.

At 10:50 a.m. on Monday's trading day, Indian Renewable Energy Development Agency Limited (IREDA) shares were trading at ₹ 197.20 per share, up 3.54 per cent from its previous close on the stock exchange. The company has a market capitalisation of ₹ 53,016 crore.

What is the news: According to IREDA filings, during the first quarter ended June 30, 2025, IREDA sanctioned loans of ₹9,136 crore and disbursed loans of ₹5,320 crore, showing a significant growth of 382.62% and 67.61%, respectively, compared to the corresponding quarter of FY 2023-24. The loan book stood at ₹63,150 crore, showing a record growth of 33.77%.

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About the Company: Indian Renewable Energy Development Agency Limited (IREDA) is a 'Navratna' enterprise of the Government of India under the administrative control of the Ministry of New and Renewable Energy (MNRE).

Established in 1987 as a non-banking financial institution, IREDA has been promoting, developing and providing financial assistance to projects related to new and renewable energy projects.

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financial: IREDA has recorded a significant growth in its annual revenue, growing by 34 per cent from ₹1,036 crore in Q4 FY23 to ₹1,391 crore in Q4 FY24. Additionally, net profit witnessed a significant 33 per cent growth, rising from ₹254 crore to ₹337 crore in the same period.

Over the past year, shares of Indian Renewable Energy Development Agency Ltd have gained 228 per cent, with an increase of 88 per cent in the past six months.

IREDA has a geographically diverse portfolio spread across 23 states and 4 Union Territories in FY24.

More information about the company: IREDA plans to increase its annual disbursement more than five-fold to ₹1.36 lakh crore by FY 2030. At the end of FY 2024, IREDA's disbursement reached ₹25,089 crore, representing a 15% increase over FY 2023.

By the end of FY 2030, IREDA aims to achieve a loan book of around ₹3.5 lakh crore, representing a six-fold increase from the FY 2024 loan book of ₹59,650 crore.

IREDA's non-performing assets (NPAs) have steadily declined from 7.18% in 2020 to 0.99% in 2024. Similarly, gross NPAs have declined from 10.08% to 2.36% during the same period.

The sector-wise breakup of IREDA's outstanding loans includes 27% for solar thermal/SPV, 18% for wind projects, 12% for hydropower projects, 6% for manufacturing projects and 5% for ethanol projects.

Author: Omkar Chitnis


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