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Indian Renewable Energy Development Agency Limited (IREDA) has announced the results for the second quarter of the financial year 2025. The company has said that during this period its profits and net interest income have seen an increase. In the quarter ended September 2024, the company's profit has increased to Rs 387.7 crore, which was Rs 284.7 crore in the same quarter a year ago. This increase in the company's profit is 36.2 percent.
The company has said that in the quarter ended September, the company's net interest income (NII) has increased from Rs 359.8 crore to Rs 546.8 crore year-on-year. This is a 52 percent increase in the company's NII. Meanwhile, IREDA's gross NPA remained unchanged at 2.19 percent. A marginal increase was seen in net NPA, which increased from 0.95 percent in the previous quarter to 1.04 percent in Q2. Share performance On Thursday, IREDA's share closed at Rs 232.70 with a gain of 0.68 percent. In the last one year, the company's stock has seen a gain of 287.83 percent. The 52-week high of the stock is Rs 310.
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