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IREDA earnings surge in Q3 on strong renewable financing demand
IREDA recorded a sharp jump in Q3 profit and revenue as renewable energy financing activity remained strong across solar, wind, and hybrid projects.
Indian Renewable Energy Development Agency posted a net profit of Rs 584.9 crore in the December quarter, up 37.5% year on year, supported by higher loan disbursements to renewable energy projects. Revenue rose 25.4% to Rs 2,129.9 crore, reflecting increased interest income and improved asset utilization.