Today, on 21st April 2025, the Indian Renewable Energy Development Agency or IREDA Share Price experienced a slight rise of nearly 1% in its share price. Analysts and market experts say that the recent developments in the company, IREDA’s fourth-quarter performance, and broader market fluctuations may have contributed to the climbing share prices.
Today, IREDA’s shares opened to the market at Rs. 173.90, a slight high from the last close of Rs. 173.41.
IREDA Share Price in Today’s Market
At 11:05 a.m., IREDA’s share price is Rs. 173.50, nearly 0.05% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 46,632 cores; the UC Limit is 46,632, and the LC Limit is 156.06.
Company Financials
On 15th April, IREDA released its Q4 financial results. According to the findings, IREDA made Rs. 502 crore in profit after taxes. This shows an incredible 49% YoY increase of over Rs. 337 crore from the fourth quarter of the last year. Its profit before taxes was Rs. 630 crore, a 31% YoY increase, while its operating revenue rose 37% to Rs. 1,904 crore. According to the report, IREDA’s operating profit increased by 55% from the previous year to Rs. 770 crore. The company’s net worth increased by 20% to Rs. 10,266 crore.
Recent News About IREDA
- Electric vehicles (EVs) that Gensol Engineering Ltd. purchased through loans from the Power Finance Corporation (PFC) and the Indian Renewable Energy Development Agency (IREDA) may be put up for auction. This action aims to recoup about Rs. 663 crore in unpaid debt.
- Due to accusations of fund diversion, Gensol leaders Anmol Singh Jaggi and Puneet Singh Jaggi are not allowed to hold key positions in listed firms by the Securities and Exchange Board of India (SEBI).
- According to SEBI’s research, only 4,704 of the 6,400 EVs bought, leaving more than Rs. 207 million unaccounted for. Allegedly, money was taken to organisations connected to the promoters and spent on personal costs.
- PFC and IREDA are investigating legal options to protect their Rs. 977 crore total loan exposure to Gensol.
IREDA Share Price Target
According to calculations projected on Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 36.92% from the last price of 173.82.
Should You Buy, Sell, Or Hold?
On Trendlyne and MoneyControl, most analysts recommend buying the shares. On MoneyControl, 67% of experts suggest buying the shares, and 33% support holding them.
Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
