IREDA Q3 net profit jumps 37 pc to Rs 585 cr; loan book sees 28 pc rise

NEW DELHI: (Jan 9) State-owned IREDA on Friday posted a 37 per cent year-on-year (y-o-y) rise in standalone net profit to Rs 585 crore in the December quarter, boosted by revenues.

It had clocked a net profit of Rs 425 crore in the October-December period of the preceding financial year, the company said in an exchange filing.

The company’s revenue from operations surged 38 per cent to Rs 2,140 crore, from Rs 1,699 crore in the same period a year ago.