IREDA Share Jumps Over 10% As It Attains 'Navratna Status'. Exclusive: IREDA CMD Pradip Kumar

IREDA reported a net profit of Rs 337.38 crore for the quarter ended on March 31, 2024, up 33.03 per cent on a year-on-year (YoY) basis. The shadow lender had reported a bottom line of Rs 253.62 crore in the same quarter a year ago. Net interest income (NII) grew 35.1 per cent to Rs 481.4 crore in Q4FY24 against Rs 356.4 crore in the corresponding quarter of FY23. NIIs is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors. Watch IREDA CMD Pradip Kumar's Live interview on Business Today Television with Sakshi Batra.