New Delhi: Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for the quarter ended March rose by almost a third year-on-year to ₹337 crore led by a growth in interest income. Total income from operations, which includes interest income, grew by around 34% to ₹1,391 crore in the reporting quarter.
The finance cost of the non-banking financial company rose in tandem with the revenue to ₹847 crore. Loan disbursement in the quarter was ₹12,869.35 crore up around 14% from the corresponding period last year.
The company’s net non-performing assets (NPA) narrowed to 0.99% as in March 31 from 1.66% on the corresponding day a year ago. The Net interest margin of the company as on March 31 was 2.85% as against 2.82% from a year ago.
Outstanding loan book at the end of the year stood at ₹59,698 crore, up 27% on year.
