Press Release20 Apr 2024, 12:49 am
IREDA Reports All-Time High Annual Net Profit of Rs. 1,252 Crore, NPAs Below 1%
AI Summary
Indian Renewable Energy Development Agency Ltd (IREDA) announced its financial results for the fiscal year 2023-24, reporting an all-time high annual Profit After Tax (PAT) of Rs. 1,252.23 crore and successfully reducing Net Non-Performing Assets (NPAs) to 0.99%. IREDA's loan book has grown by 26.81% to Rs. 59,698.11 crores and recorded all-time high annual loan sanctions of Rs. 37,353.68 crore and disbursements of Rs. 25,089.04 crore.
Key Highlights
- All-time high annual Profit After Tax (PAT) of Rs. 1,252.23 crore, up by 44.83%
- NPAs reduced to 0.99% from 1.66%, a 40.52% decrease
- Loan book increased by 26.81% to Rs. 59,698.11 crores
- All-time high annual Loan Sanctions of Rs. 37,353.68 crore
- All-time high annual Loan Disbursements of Rs. 25,089.04 crore