Today, on 8th April 2025, the Indian Renewable Energy Development Agency or IREDA Shre Price witnessed a 3% surge in its share prices. Analysts and market experts say that the acquisition of JPY 26 billion for SBI, Tokyo, and the recent announcement about improvement in its loan sanctions could have reinforced investor confidence.
IREDA reported that its loan sanctions increased by 27% yearly to Rs. 47,453 crore for the fiscal year ending 31st March 2025. The last year’s figures stood at Rs. 37,354 crore. The agency also noted a 20% increase in loan disbursements from Rs. 25,089 crore to Rs. 30,168 crore.
These developments with IREDA’s notice to declare its Q4 results soon put IREDA in an optimistic light. They could have caught investors’ attention, leading to rising share prices.
IREDA Share Price in Today’s Market
Today, IREDA began its share trades at Rs. 157.00. The prices are currently up by 3% compared to the previous session’s closing rate of Rs. 149.60. At 12:35 p.m., IREDA’s share price stood at Rs. 154.79. It is almost 3.3% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 41,582 cores; the UC Limit is 164.56, and the LC Limit is 134.64.
Company Financials
IREDA’s third-quarter financial records showed a 35.57% increase in operating revenues to Rs. 1,698.99 crores, compared to the Rs. 335.54 crores in Q3 of last year. The agency recorded a 26.8% increase in profit after tax to Rs. 425.37 crores. IREDA’s net value also increased by 20.99% compared to last year’s third quarter: Rs. 9,842.07 crore against Rs. 8,134.56 crore.
Recent News About IREDA
- IREDA informed that the board is scheduled to meet on 15th April to consider and approve the audited results of Q4- ended on 31st March 2025.
- In March, IREDA acquired JPY 26 billion (about ₹1,500 crore) of External Commercial Borrowing (ECB) credit from the State Bank of India, Tokyo. This expands IREDA’s revenue sources.
- In late March, IREDA raised Rs. 910.37 crore through the issuance of Tier-II bonds, enhancing its capacity to finance future initiatives.
IREDA Share Price Target
As per experts’ predictions on Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 54.84% from the last price of 153.71
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne support buying IREDA shares. On MoneyControl, 71% of market experts recommend buying shares, and 33% suggest selling them. But, before investing in the agency, consider its long-term performance and consult your analyst to make the perfect move.
