Today, on 17th April 2025, IREDA Share Price slightly declined 2% in its share prices. Analysts and market experts say that the price shift could be due to broader market fluctuations and that a pullback in trade volumes after recent price surges is a natural market response.
Today, IREDA’s shares opened to the market at Rs. 175.00, slightly lower than last session’s close of Rs. 176.39.
IREDA Share Price in Today’s Market
At 9:40 a.m., IREDA’s share price was Rs. 173.9, nearly 1.09% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 46,498 cores; the UC Limit is 194.02, and the LC Limit is 158.75.
Company Financials
On 15th April, IREDA released its Q4 financial results. According to the figures, IREDA made Rs. 502 crore in profit after taxes. Showing a startling 49% year-over-year (YoY) growth from the previous fourth quarter’s Rs. 337 crore. Its profit before taxes was Rs. 630 crore, a 31% YoY increase, and its revenue from operations 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 value increased to Rs. 10,266 crore, a 20% increase.
Recent News About IREDA
- The company’s outstanding balance increased by 28% year over year to Rs. 76,282 crore in the fourth quarter.
- IREDA approved 47,453 crores in loans during the fiscal year, which is 27% more than the previous year.
- It disbursed Rs. 30,168 crore, which is 20% more than the previous year.
- In early March, the board of IREDA approved an extension of its borrowing program for FY 2024-25, raising the maximum from Rs. 24,200 crore to Rs. 29,200 crore by Rs. 5,000 crore.
- This extra funding will be raised through various means, such as business bonds and bank and foreign agency loans.
IREDA Share Price Target
Based on the recent reports from Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 34.93% from the last price of 176.39.
Should You Buy, Sell, Or Hold?
Most Analysts on Trendlyne recommend buying IREDA’s shares. On MoneyControl, however, 67% of market experts suggest buying, and 33% of them support holding the shares. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
