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IREDA zooms on reporting 30% rise in Q1 net profit
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IREDA is currently trading at Rs. 298.90, up by 14.25 points or 5.01% from its previous closing of Rs. 284.65 on the BSE.
The scrip opened at Rs. 300.95 and has touched a high and low of Rs. 310.00 and Rs. 295.00 respectively. So far 10294881 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 15-Jul-2024 and a 52 week low of Rs. 49.99 on 29-Nov-2023.
Last one week high and low of the scrip stood at Rs. 310.00 and Rs. 228.00 respectively. The current market cap of the company is Rs. 80095.39 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 3.12% and 21.88% respectively.
IREDA has reported 30.25% rise in its net profit at Rs 383.69 crore for the quarter ended June 30, 2024 as compared to Rs 294.58 crore for the same quarter in the previous year. Total income of the company increased by 32.11% at Rs 1510.71 crore for Q1FY25 as compared to Rs 1,143.50 crore for the corresponding quarter previous year.
IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘Energy For Ever’.
