How Will PM Suryoday Yojana Benefit IREDA Shares?

Indian Renewable Energy Development Agency Ltd (IREDA) on Saturday in its maiden results said its net profit jumped 67 per cent to Rs 335.54 crore for the December quarter, led by growth in the loan book and a significant reduction in net non-performing assets (NPAs) from 2.03 per cent to 1.52 per cent year-on-year. Revenue from operations for the quarter rose 44.21 per cent to Rs 1,253.20 crore compared with Rs 868.98 crore in the same quarter last year. IREDA said its loan book stood at Rs 50,579.67 crore against Rs 37,887.69 crore YoY, up 33.50 per cent. Watch Exclusive Chat with Pradip Kumar Das, CMD, IREDA.