Indian Renewable Energy Development Agency Q3 Results 2025:On January 10, 2025, the Indian Renewable Energy Development Agency declared its Q3 results for the fiscal year 2025. The company reported a significant increase in both its topline and profit, with revenue growing by 36.73% year-over-year (YOY) and profit rising by 26.78% YOY. The reported profit stood at ₹425.38 crore, while the revenue reached ₹1701.84 crore.
Comparing to the previous quarter, the revenue showed a growth of 5.56%, and profit also increased by 9.7%. Additionally, the company’s Selling, General & Administrative expenses saw a decline of 6.42% quarter-over-quarter (Q-O-Q), although there was a slight increase of 1% when compared to the same quarter last year.
The operating income witnessed a healthy rise of 8.38% Q-O-Q and a substantial increase of 28.11% YOY. The Earnings Per Share (EPS) for Q3 was reported at ₹1.89, marking an increase of 24.46% YOY.
In terms of market performance, the Indian Renewable Energy Development Agency has faced some challenges, delivering a -2.86% return in the last week and a -23.83% return over the past six months, while maintaining a modest 0.39% Year-To-Date (YTD) return.
As of January 10, 2025, the company holds a market capitalization of ₹58079.91 crore, with its stock trading between a 52-week high of ₹310 and a low of ₹103. Out of two analysts covering the company, one has given a ‘Sell’ rating while the other has rated it as a ‘Buy’.
Indian Renewable Energy Development Agency Financials
| Period | Q3 (FY25) | Q2 (FY25) | Q-o-Q Growth | Q3 (FY24) | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1701.84 | 1612.21 | +5.56% | 1244.67 | +36.73% |
| Selling/ General/ Admin Expenses Total | 19.52 | 20.86 | -6.42% | 19.33 | +1% |
| Depreciation/ Amortization | 10.02 | 9.43 | +6.31% | 8.21 | +22.01% |
| Total Operating Expense | 1188.01 | 1138.13 | +4.38% | 843.58 | +40.83% |
| Operating Income | 513.83 | 474.09 | +8.38% | 401.09 | +28.11% |
| Net Income Before Taxes | 538.2 | 459.91 | +17.02% | 386.14 | +39.38% |
| Net Income | 425.38 | 387.75 | +9.7% | 335.54 | +26.78% |
| Diluted Normalized EPS | 1.89 | 1.55 | +21.94% | 1.51 | +24.46% |
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