Ireda web revenue grows to Rs 554 cr in Sep qtr
It earned a web revenue of Rs 549 crore within the second quarter of the previous monetary 12 months, the Indian Renewable Vitality Growth Company (Ireda) mentioned in a press release.
In July-September, the corporate’s income from operations rose 14 per cent to Rs 2,345 crore from Rs 2,057 crore a 12 months in the past.
Mortgage disbursement elevated 31 per cent to Rs 10,579 crore towards Rs 8,062 crore within the year-ago quarter.
Mortgage e-book grew 15 per cent to Rs 97,411 crore from Rs 84,477 crore in Q2 FY26.
The corporate’s web price grew 11 per cent to Rs 14,337 crore through the quarter in comparison with Rs 12,920 crore a 12 months earlier.
“Our Q2 FY27 efficiency displays the continued energy of Ireda’s enterprise fundamentals and concentrate on high quality development. 31 per cent rise in mortgage disbursements, together with 15 per cent development within the mortgage e-book, underscores the sustained demand for renewable power financing throughout the nation.”Equally vital is the sharp enchancment in our asset high quality, with Web NPAs declining to 1.08 per cent from 1.97 per cent, reflecting the energy of our threat administration framework and monitoring,” Bijay Kumar Mohanty, Chairman & Managing Director, Ireda, mentioned.
Underneath the Ministry of New & Renewable Vitality (MNRE), Ireda capabilities as a state-owned non-banking monetary firm (NBFC), with a concentrate on financing renewable power tasks throughout India.
