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New Delhi : Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), on November 13, 2021, announced audited financial results for Half-year-1 and Quarter-2 FY 2021-22 ending September 30, 2021.
The company has posted a 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 an 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 September 30, 2021, at a meeting held on November 13, 2021, lauding the company’s performance and growth, according to a PIB release.
Highlights of Half Yearly results ended on September 30, 2021, as compared to corresponding period during FY 2020-21 are :
- Profit After Tax grown to Rs. 299.90 crore against Rs 206.63 crore. (All-time high)
- Total Income from Operations increased to Rs 1,386.97 crore against Rs 1284.94 crore. (Up by 8%)
- Reduction in Net NPA (%): 4.87% against 5.79% (Reduction by 16%)
- Net-worth: Rs 3,333.19 crore against Rs 2,742.98 crore (Up by 22%)
Highlights of Q2 FY 2021-22 as compared to corresponding period during FY 2020-21 are:
- Loan Sanction: Rs 5,925.12 crore against Rs 1,172.32 crore (Up by 405%)
- Loan Disbursement: Rs. 3,584.90 crore against Rs 2,041.34 crore (Up by 76%)