Stock Report

IREDA posts net profit of Rs. 335.53 crores in Q3 FY2024



Posted On : 2024-01-20 15:08:24( TIMEZONE : IST )

IREDA posts net profit of Rs. 335.53 crores in Q3 FY2024

Indian Renewable Energy Development Agency Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1253.1958 crores during the period ended December 31, 2023 as compared to Rs. 1176.9591 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 335.5379 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 284.7323 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 1.38 for the period ended December 31, 2023 as compared to Rs. 1.28 for the period ended September 30, 2023.

Financials Q3 FY2024 Q2 FY2024 % Change
Total Income ₹ 1253.1958 crs ₹1176.9591 crs Up Tick / Down Tick6.48%
Net Profit ₹335.5379 crs ₹284.7323 crs Up Tick / Down Tick17.84%
EPS ₹1.38 ₹1.28 Up Tick / Down Tick7.81%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 1253.1958 crores during the period ended December 31, 2023 as compared to Rs.868.9776 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.335.5379 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.200.7463 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.1.38 for the period ended December 31, 2023 as compared to Rs.0.88 for the period ended December 31, 2022.

Financials Q3 FY2024 Q3 FY2023 % Change
Total Income ₹ 1253.1958 crs ₹868.9776 crs Up Tick / Down Tick44.21%
Net Profit ₹335.5379 crs ₹200.7463 crs Up Tick / Down Tick67.15%
EPS ₹1.38 ₹0.88 Up Tick / Down Tick56.82%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.3573.6539 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2446.7275 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.914.8530 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.611.0123 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.3.91 for the 9 Months period ended December 31, 2023 as compared to Rs.2.67 for the 9 Months period ended December 31, 2022.

Financials 9 Months Ended FY2024 9 Months Ended FY2023 % Change
Total Income ₹3573.6539 crs ₹2446.7275 crs Up Tick / Down Tick46.06%
Net Profit ₹914.8530 crs ₹611.0123 crs Up Tick / Down Tick49.73%
EPS ₹3.91 ₹2.67 Up Tick / Down Tick46.44%

Shares of Indian Renewable Energy Development Agency Limited was last trading in BSE at Rs. 135.40 as compared to the previous close of Rs. 123.10. The total number of shares traded during the day was 18763395 in over 104054 trades.

The stock hit an intraday high of Rs. 135.40 and intraday low of 123.75. The net turnover during the day was Rs. 2460760001.00.

Source : Equity Bulls

Keywords

IREDA Q3FY24 9MFY24 ResultUpdate IndianRenewableEnergyDevelopmentAgency