IREDA Share Price: Shares of IREDA fell over 5 per cent today (Friday, July 11) after state-owned company announced its financial results for the quarter ended June 30.
At around 2:24 pm, shares of the company traded at Rs 160.61 apiece, down 5.32 per cent. Earlier in the day, the stock opened in red at Rs 161 vs the previous closure of Rs 169.64.
IREDA Market Cap
According to the NSE, the total market cap of this midcap stock is Rs 45119.06 crore.
IREDA Business Update
On Thursday, IREDA reported a 36 per cent decline in its net profit to Rs 247 crore in the June quarter compared to a year ago, mainly due to higher expenses. The company had posted a net profit of Rs 384 crore in the quarter ended on June 30, 2024, a BSE filing showed. However, the revenue from operations improved to Rs 1,947 crore during the quarter against Rs 1,510 crore in the year-ago period.
The total expense rose to Rs 1,655 crore in the quarter from Rs 1,034.96 crore in the same period a year ago. The financing cost climbed to Rs 1,218 crore compared to Rs 975 crore, while the impairment on financial instruments was Rs 363 crore against the gain of Rs 30 crore a year ago.
The net worth of the company appreciated to Rs 12,042 crore from Rs 9,110 crore in FY25. Similarly, its loan book increased to Rs 79,941 crore compared to Rs 63,207 crore a year ago. The company’s loan sanctions grew to Rs 11,740 crore against Rs 9,136 crore in the corresponding period a year ago, while the loan disbursements rose to Rs 6,980 crore from Rs 5,325 crore.
IREDA Share Price History
IREDA is a component of BSE 200. According to the BSE analytics (as of July 11), shares of IREDA gave negative returns of 3.66 per cent and 5.25 per cent in the last 1 week and 2 weeks, respectively. On a YTD basis, shares of the company fell 27.59 per cent. In the past 1 year, shares of the company down 43.37 per cent.
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IREDA Dividend History
IREDA never announced dividends for the equity shareholders.
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