IREDA shares jump 6% post Q4 results – EQ
In Short : IREDA shares jumped nearly 6% after posting strong Q4 FY25 results, with net profit rising 49% to ₹502 crore and revenue up 37% to ₹1,904 crore. The stock hit ₹179.50 on NSE. Despite a slight rise in net NPAs to 1.35%, analysts remain bullish, citing strong earnings and a 28% growth in the loan book.
In Detail : Shares of Indian Renewable Energy Development Agency Limited (IREDA) rallied over 7 per cent on Wednesday following Q4 result updates. The Q4FY25 show has boosted investors’ confidence.
Stock ended 5.57 per cent higher on the BSE at ₹176.40, after hitting a high of ₹179.50.
The State-owned IREDA reported a 49 per cent increase in its standalone profit after tax to ₹502 crore in the quarter ended March 31, 2025. The revenue rose 37 per cent year-on-year (y-o-y) to ₹1,904 crore in the fourth quarter.
Axis Securities observed in its daily derivates report that the robust bottom-line growth was primarily fuelled by 47.3 per cent expansion in net interest income to ₹801.3 crore.
“Concurrently, the futures market experienced a 19 per cent spike in open interest, the largest single-day increase, adding 9.22 million shares and reaching a series high. This confluence of significant price appreciation and a substantial long build-up in the derivatives segment strongly suggests an anticipation of continued upward momentum in the stock,” it added.
According to the stock exchange disclosure, loan sanctions for FY25 stood at ₹47,453 crore, a 27 per cent increase from ₹37,354 crore in the previous year, and its loan disbursements were up 20 per cent to ₹30,168 crore as against to ₹25,089 crore in FY24.
SBI Securities emphasised that IREDA has posted healthy quarterly numbers. “The government’s focus on green energy is expected to help in business growth going forward.”
Commenting on the stock, the fair value is estimated to be in the range of ₹200-210, it said.
It opened for trade at ₹177.03 against the previous close of ₹166.98.
