IREDA Reports Significant Growth in Disbursements and Loan Book for June Quarter

Key Updates on IREDA’s Financial Performance

Keywords: IREDA, loan book growth, disbursements, renewable energy, financial update, June quarter

Indian Renewable Energy Development Agency Ltd. (IREDA) has reported substantial growth in its financial metrics for the April-June quarter of financial year 2025, showcasing its robust performance and ambitious future plans.

Impressive Loan Book Growth

At the end of the June quarter, IREDA’s loan book stood at ₹63,150 crore, marking a 33.77% increase from the ₹47,207 crore recorded during the same period last year. This substantial growth highlights IREDA’s expanding influence in the renewable energy sector and its commitment to supporting sustainable energy projects.

Surge in Loan Disbursements

IREDA sanctioned loans worth ₹9,136 crore during the first quarter of financial year 2025. The disbursement of loans during this period amounted to ₹5,320 crore, representing a 67.6% increase compared to the ₹3,174 crore disbursed during the corresponding quarter last year. This significant rise in loan disbursements underscores IREDA’s active role in financing renewable energy projects and its ability to meet the growing demand for clean energy funding.

Year-on-Year Growth Comparison

When compared to the same quarter last year, IREDA had disbursed loans worth ₹1,893 crore, indicating a nearly 5x growth on a year-on-year basis. This exceptional growth rate showcases IREDA’s enhanced operational efficiency and its pivotal role in the renewable energy financing sector.

Strategic Goals and Future Projections

Towards the end of May, IREDA announced its ambitious plans to become a “Maharatna” Public Sector Undertaking (PSU) by financial year 2030. It was granted “Navratna” status in April, further solidifying its position as a leading entity in the renewable energy sector.

IREDA aims to increase its annual disbursements by over 5x to ₹1.36 lakh crore by financial year 2030. At the end of financial year 2024, IREDA’s disbursements stood at ₹25,089 crore, reflecting a 15% growth compared to financial year 2023. By the end of financial year 2030, IREDA intends to have a loan book of nearly ₹3.5 lakh crore, representing a 6x growth from its financial year 2024 loan book of ₹59,650 crore.

Stock Performance

Shares of IREDA ended 1.2% lower on Friday at ₹191.05. IREDA made its debut on the stock exchanges towards the end of last year at an IPO price of ₹32. Shortly after listing, the stock reached an all-time high of ₹214, followed by a sharp correction to sub-₹100 levels, before rebounding again. Shares of IREDA have risen 83% so far this year, reflecting investor confidence in the company’s growth prospects.

Conclusion

IREDA’s significant growth in loan disbursements and its expanding loan book underscore its critical role in financing India’s renewable energy projects. With ambitious plans for the future and a strong financial performance in the June quarter, IREDA is well-positioned to continue driving the country’s transition to clean energy.

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