Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 49% year-over-year (YoY) increase in profit after tax for the fourth quarter (Q4) of the financial year (FY) 2025  to ₹5.02 billion (~$56.6 million) from ₹3.37 billion (~$39.3 million).

IREDA attributed the increase to a decline in non-performing assets (NPA).

The lender’s revenue from operations stood at ₹19.04 billion (~$222.3 million), a 37% rise from ₹13.91 billion (~$232.4 million) in the same quarter the previous year.

At the end of the quarter, IREDA reported an outstanding loan book of ₹762.81 billion (~$8.9 billion), a 20% YoY increase.

Full Year 2025

The company’s net profit for FY 2025 was ₹16.99 billion (~$198.3 million), a 36% YoY increase from ₹12.52 billion (~$146.1 million).

Its revenue from operations was ₹67.42 billion (~$787.2 million), a 36% increase from ₹49.64 billion (~$579.5 million) in the previous year.

The lender’s net worth grew 28% YoY to ₹102.6 billion (~$1.2 billion).

At the end of FY 2025, the company’s earnings per share came in at ₹6.32 (~$0.074), a 22% increase from ₹5.16 (~$0.06) in FY 2024.

As of March 2025, the solar sector comprised the highest share of outstanding loans by IREDA at 24%. Wind and hydropower followed at 14% and 11% respectively.

The manufacturing sector comprised 6% of the outstanding loans, followed by the hybrid (wind and solar) segment at 4%. The electric vehicle and transmission segments constituted 1% and 3%, respectively.

Rajasthan (17%), Karnataka (13%), Andhra Pradesh (12%), Gujarat (8%), Telangana (8%), and Tamil Nadu (10%) were among the top states with outstanding loans from IREDA.

Recently, IREDA announced a 27% rise in loan approvals for FY 2025, per the provisional data.

In March this year, IREDA raised ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II bonds.

IREDA reported a profit after tax of ₹4.25 billion (~$49.52 million) during Q3 FY 2025, a YoY growth of 27%.