New Delhi, Apr 16 IREDA shares jumped nearly 6 percent on Wednesday after the state-owned firm reported a 49 percent jump in its standalone profit after tax for the quarter ended March 2025.
The stock rose 5.57 percent to Rs 176.40 on the BSE. It gained 7.42 percent to Rs 179.50 during the day.
The stock rose 5.64 percent to Rs 176.41 on the NSE.
IREDA (Indian Renewable Energy Development Agency Ltd) on Tuesday reported that its standalone profit after tax rose 49 per cent to Rs 502 crore for the quarter ended March 31, 2025. Its revenue from operations in the fourth quarter grew 37 per cent year-on-year (YoY) to Rs 1,904 crore, the company said in a statement.
For FY25, the company said its profit after tax (PAT) was the highest ever at Rs 1,699 crore, up 36 per cent over FY24. As of March, the company said its net worth was Rs 10,266 crore, up 20 per cent year-on-year.
Meanwhile, capital markets regulator Sebi on Tuesday barred Gensol Engineering and promoters – Anmol Singh Jaggi and Punit Singh Jaggi – from the securities markets till further orders in a fund diversion and governance lapse case. The main bone of contention is the alleged misuse of term loans taken from IREDA and PFC by Gensol Engineering Ltd (GEL).
PFC shares closed 0.47 percent lower at Rs 423.90 on the BSE.
