Q4 FY25: IREDA Posts ₹1,699 Cr Annual Profit, Up 36% YoY

The Indian Renewable Energy Development Agency (IREDA) records an annual profit after tax (PAT) of ₹1,699 crore for the financial year ended March 31, 2025, marking a 36% jump from the previous year. The state-run green financing firm said PAT for the fourth quarter (Q4 FY2024) rose 49% year-on-year to ₹502 crore. Profit before tax (PBT) climbed 31% to ₹630 crore, while revenue from operations rose 37% to ₹1,904 crore.

Key Financial Highlights (Standalone) FY2024- 25 vs FY2023- 24

The company’s standalone net worth reached ₹10,266 crore, up 20%, and the loan book expanded 28% to ₹76,281 crore. For the full year, IREDA posted a PBT of ₹2,104 crore, up 25% from a year earlier, and revenue of ₹6,742 crore, also up 36%. The loan book ended the year at ₹76,282 crore.

Chairman and Managing Director Pradip Kumar Das said the company’s growth in revenue, profitability, and lending reflected its strategic focus on financing India’s renewable energy transition. “We remain committed to enabling India’s green energy ambitions through innovative financial solutions and strategic partnerships,” Das said.

IREDA also became the first NBFC, banking entity, or public sector undertaking to publish its audited results within 15 days of the financial year-end.

As of March 31, 2025, the company’s sector-wise distribution of outstanding loans showed that solar thermal and solar photovoltaic projects accounted for 24% of the total loan portfolio. Loans to state utilities and related entities made up 20%, while wind energy projects comprised 14%. The manufacturing sector held a 6% share of the total, and hybrid wind-solar projects accounted for 4%. Ethanol-related loans represented 8%, while loan exposure to generation companies (Gencos) stood at 4%, and Hydropower accounted for 11% of the sector-wise loan distribution.