MOHAMMAD ZIYAUDDIN
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New Delhi: Indian Renewable Energy Development Agency (IREDA) is set to attract investor attention on February 19, 2025, after announcing that its wholly-owned subsidiary has received provisional registration as a finance company at GIFT City, Gujarat.
In a regulatory filing, IREDA confirmed that its subsidiary, IREDA Global Green Energy Finance IFSC Limited, received a Certificate of Registration dated February 18 from the International Financial Services Centre Authority (IFSCA). This certification allows the subsidiary to operate as a finance company in GIFT City, India’s international financial hub.
"IFSCA, in its letter dated September 4, 2024, granted the provisional registration to IREDA Global Green Energy Finance IFSC, a wholly-owned subsidiary of IREDA, as a finance company at GIFT City," the company stated.
IREDA, a government-controlled entity under the Ministry of New & Renewable Energy, primarily finances renewable energy projects across India.
IREDA Q3 Results 2024-25: Strong Financial Performance
IREDA reported impressive financial growth in its Q3 FY 2024-25 results, showcasing strong revenue and profit growth.
Key Highlights of Q3 Results:
| Financial Metric | Q3 FY 2024-25 | Q3 FY 2023-24 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹1,698.99 crore | ₹1,253.20 crore | +35.57% |
| Profit Before Tax (PBT) | ₹538.20 crore | ₹386.14 crore | +39.38% |
| Profit After Tax (PAT) | ₹425.37 crore | ₹335.54 crore | +26.77% |
| Loan Sanctions | ₹13,226.81 crore | ₹9,121.11 crore | +45.01% |
| Loan Disbursements | ₹7,448.96 crore | ₹5,946.45 crore | +25.27% |
| Loan Book | ₹68,959.61 crore | ₹50,579.67 crore | +36.34% |
| Net Worth | ₹9,842.07 crore | ₹8,134.56 crore | +20.95% |
Market Outlook: What This Means for Investors
With strong financial results and strategic expansion at GIFT City, IREDA continues to establish itself as a key player in India’s renewable energy financing sector.
Key Takeaways for Investors:
- Provisional registration at GIFT City enhances IREDA’s presence in international financial markets.
- Revenue and profits are growing at a strong pace, showing sustained business momentum.
- Loan sanctions and disbursements have seen significant year-over-year growth, highlighting demand for renewable energy financing.
As IREDA strengthens its financial foundation and expands into global markets, its stock performance is expected to remain in focus in the coming days.
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