Team News Riveting
New Delhi, November 13
Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE)today announced audited financial results for Half-year (H1) and Quarter-2FY2021-22 ending 30th September 2021.
The company has posted Total Income from Operations of Rs 684.80 crore and Profit After Tax (PAT) of Rs. 110.27 crore for Q2 FY22. The company has reported all-time high half-yearly PAT of Rs 299.90 crore.
The Board of Directors of IREDA approved the Audited Financial Results for H1 & Q2 FY 2021-22 ending 30th September 2021 in a meeting held today while lauding the company’s performance and growth.
Highlights of Half Yearly results ended on 30th September 2021as compared to corresponding period during FY 2020-21 as follows:
- Profit After Tax grown to Rs 299.90 crore against Rs 206.63 crore. (All-time high)
- Total Income from Operations increased to Rs 1386.97 crore against Rs 1284.94 crore. (Up by 8 per cent)
- Reduction in Net NPA (%): 4.87 per cent against 5.79 per cent (Reduction by 16 per cent)
- Net-worth: Rs 3333.19 crore against Rs 2742.98 crore (Up by 22 per cent)
Highlights of Q2 FY 2021-22as compared to corresponding period during FY 2020-21 as follows:
- Loan Sanction: Rs 5925.12 crore against Rs 1172.32 crore (Up by 405 per cent)
- Loan Disbursement: Rs 3584.90 crore against Rs 2041.34 crore (Up by 76 per cent)
