Today, on 16th April 2025, the India Renewable Energy Development Agency (IREDA) witnessed a 7% surge in its share price. The company announced its Q4 results, showcasing strong performances, loan books, profits and revenues. IREDA’s fourth quarter is beaconing investors, influencing confidence and a positive outlook.
Today, IREDA’s shares opened to the market at Rs. 177.03, a 5% increase from the previous session’s close of Rs. 166.98.
IREDA Share Price in Today’s Market
At 10:45., IREDA traded its shares for the price of Rs. 175.36, nearly 5.03% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 47,191 cores; the UC Limit is 183.67, and the LC Limit is 150.28.
Q4 Financials
IREDA published its Q4 financials on 15th April 2025. The data shows that IREDA’s profit after tax is Rs. 502 crore. Indicating a staggering 49% increase year-over-year (YoY) from Rs. 337 crore in the last fourth quarter. Its Revenue from Operations increased by 37% to Rs. 1,904 crore, and Profit Before Tax stood at Rs. 630 crore, indicating a 31% rise YoY. The data posted IREDA’s operating profit as Rs. 770 crore, 55% up from the previous year. The company’s net worth grew by 20%, reaching Rs. 10,266 crore.
Recent News About IREDA
- In the fourth quarter, the PSU reported an increase of 28% YoY in its outstanding to Rs. 76,282 crore.
- Over the fiscal year, IREDA approved loans totalling Rs. 47,453 crores, up 27% from the year before, and disbursed Rs.30,168 crore, up 20% from the previous year.
IREDA Share Price Target
Based on the latest calculations from experts on Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 35.13% from the last price of 176.13.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne recommend buying IREDA’s shares. On MoneyControl, 67% of market experts suggest buying the shares, and 33% support holding. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
