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IREDA registers all-time high half-yearly profit after tax for Sept quarter

The Indian Renewable Energy Development Agency, announced audited financial results for half-year-1 and quarter-2 FY 2021-22 ending September 30, 2021



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The Indian Renewable Energy Development Agency (IREDA), a public sector unit (PSU) under the Ministry of New and Renewable Energy (MNRE) on Saturday announced audited financial for half-year-1 and quarter-2 financial year (FY) 2021-22 ending September 30, 2021.

According to the Ministry of New and Renewable Energy, the company has posted a total income from operations of Rs. 684.80 crore and profit after tax (PAT) of Rs. 110.27 crore for Q2 FY22.

The company has reported an all-time high half-yearly PAT of Rs. 299.90 crore, said the ministry.

The Board of Directors of approved the Audited Financial for H1 and Q2 FY 2021-22 ending 30th September 2021 in a meeting held today while lauding the company's performance and growth.

The company's profit after tax grew to Rs. 299.90 crore whereas its total income from operations increased to Rs. 1386.97 crore, up by 8 per cent.

IREDA's non-performing assets reduced by 16 per cent while its net worth grew by 22 per cent.

The company's loan sanctions rose by 405 per cent and the loan disbursement increased by 76 percent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sat, November 13 2021. 14:19 IST