• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

IREDA Net Profit Surges 67% In Oct-Dec Quarter

OMMCOM NEWS by OMMCOM NEWS
January 20, 2024
in Business

Mumbai:  Indian Renewable Energy Development Agency Ltd (IREDA) on Saturday reported an of 67.15 per cent year-on-year increase in its net profit at Rs 335.54 crore for the October-December of the current financial year.

The public sector company had reported a profit of Rs 200.75 crore in the same quarter last year.

“This outstanding performance is attributed to consistent growth in the Loan Book and a significant reduction in Net Non-Performing Assets (NPAs) from 2.03 per cent to 1.52 per cent year-on-year, ” the company said in an exchange filing.

IREDA’s revenue from operations rose 44.2 per cent to Rs 1252.85 crores during the third quarter from Rs 868.67 crore in the same quarter last year.

The company has also recorded a significant increase in asset quality with its gross non-performing assets (NPAs) for the quarter coming down to 2.90 per cent from 4.24 per cent in the same quarter last year. Net NPAs were 1.52 per cent as compared to 2.03 per cent year-on-year.

IREDA’s net worth has gone up by 45.5% to Rs 8,134.56 crore.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Sania Took ‘Khula’ From Shoaib, Confirms Imran Mirza

Next Post

TN’s Uthangarai Tense After Caste Clash; Two Arrested

Related Posts

Trump
Business

Trump’s ‘Dead Economy’ Jibe Falls Flat As India’s GDP Growth Surges To 7.8 Pc

August 29, 2025
Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Piyush Goyal
Business

India, Africa Must Double Bilateral Trade By 2030: Piyush Goyal

August 29, 2025
GDP
Business

India’s GDP Growth Accelerates To 7.8 Pc In April-June Quarter

August 29, 2025
Next Post

TN's Uthangarai Tense After Caste Clash; Two Arrested

One Nation One Election Will Change Basic Structure Of Constitution: AAP

Kotak Mahindra Logs Rs 3,005 Crore PAT For Q3

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.