New Delhi (12.11.2022): Indian Renewable Energy Development Agency (IREDA) on Saturday announced results for the second quarter ended September 30, 2022. The company has posted Profit Before Tax (PBT) of ₹ 276.31 Crore, which is 76.15% higher compared to ₹156.86 crore in the Q2 of the previous financial year. IREDA's Net Non-Performing Assets (NPAs) have been reduced to 2.72% in Q2, FY 2022-23 from 4.87% in Q2, FY 2021-22, a significant reduction of 44% YoY. Profit After Tax has been registered at Rs 184.30 crore which is an increase of 67.14%.
Highlights of Q2, FY 2022-23 as compared to the corresponding period during Q2, FY 2021–22 are as follows:
• Profit Before Tax: ₹276.31 crore as against ₹156.86 crore (up by 76.15%)
• Profit After Tax: ₹184.30 crore as against ₹110.27 crore (up by 67.14%)
• Gross Income: ₹791.56 crore as against ₹682.94 crore (up by 15.90%)
• Net-worth: ₹5,638.31 crore as against ₹3,333.19 crore (up by 69.16%)
• Loan Book: ₹33,783.36 crore as against ₹28,856.48 crore (up by 17.07%)
• Loan Sanction: ₹11,226.49 crore as against ₹5925.12 crore (up by 89.47%)
• Net NPAs: 2.72% as against 4.87% (reduction by 44.00%)
• Gross NPAs: 5.06% as against 8.05% (reduction by 37.17%)
