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Business News/ Companies / Company Results/  IREDA Q1 Results 2024 highlights: Net profit rises 30% to 383 crore, NII up 37% YoY
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IREDA Q1 Results 2024 highlights: Net profit rises 30% to ₹383 crore, NII up 37% YoY

IREDA Q1 Live Updates: The state-owned financial services company reported a rise of 30 per cent in net profit to 383 crore in the June quarter.

IREDA Q1 Results 2024 Live Updates: IREDA share price hits record ahead of Q1 results (Image: istock)Premium
IREDA Q1 Results 2024 Live Updates: IREDA share price hits record ahead of Q1 results (Image: istock)

IREDA Q1 Live Updates: Indian Renewable Energy Development Agency Ltd (IREDA), the renewable sector financier, announced its April-June quarter results for fiscal 2024-25 (Q1FY25) on Friday, July 12, reporting a rise of 30 per cent in net profit to 383 crore. The total revenue from operations rose 32 per cent to 1,501 crore, compared to 1,143.50 crore in the year-ago period. The loan sanctions grew manifold by over 380 per cent in the Juen quarter.

The multibagger PSU stock jumped over seven per cent to hit a record high ahead of the release of Q1 results today. IREDA shares settled 0.37 per cent higher at 284.65 apiece on the BSE before announcing Q1 results.

Stay tuned to our IREDA Q1 results 2024 live blog for the latest updates:

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