Ireda net profit grows to Rs 554 cr in Sep qtr
MeridStreet AI summaryIreda, a leading renewable energy financier, has reported a significant increase in its net profit for the September quarter of FY27. The company's net profit grew to Rs 554 crore, a substantial improvement from previous quarters. This growth is attributed to a 14% rise in revenue from operations, which reached Rs 2,345 crore. The surge in loan disbursements, up by 31% to Rs 10,579 crore, also contributed to Ireda's robust financial performance.
Read the source report: Economic Times →
Why it matters
Ireda's net profit growth reflects a robust financial performance. Revenue from operations increased, indicating a strong quarter for the company.
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- Indian banks
- Financial stocks
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