Ireda Q2FY24 result: PAT up 54% YoY at Rs 285 cr; net NPA down 39%

Indian Renewable Energy Development Agency (Ireda) reported a 54 per cent increase in profits after tax (PAT) at Rs 285 crore for the second quarter of the ongoing financial year (Q2FY24) year-on-year, according to a release by the Ministry of New and Renewable Energy on Monday.

Net non-performing assets (NPAs) also reduced by 39 per cent to 1.65 per cent from 2.72 per cent last year. Gross NPA reduced by 38 per cent to 3.13 per cent compared to 5.06 per cent during the same period last year.

Total income from operations also went up by 49 per cent at Rs 1,176.96 crore against Rs 791.56 crore last year.