IREDA posts 45 pc jump in net profit at Rs 1,252 crore for 2023-24

IREDA reported a 44.83% increase in net profit to Rs 1,252.23 crores for FY 2023-24, compared to Rs 864.63 crores in FY 2022-23. It also reduced net NPAs to 0.99% from 1.66%, marking a 40.52% decrease. This reflects the NBFC's strong performance and improved asset quality in green financing.