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IREDA profit jumps 38 percent on strong renewable energy financing growth
IREDA reported a sharp 38 percent jump in quarterly profit as renewable financing demand lifted revenue and strengthened its loan portfolio performance.
Indian Renewable Energy Development Agency posted a 38% year on year increase in net profit to Rs 1,381 crore in the December quarter, driven by higher loan disbursements and improved asset quality. Revenue rose 28 %as demand for renewable project financing remained strong across solar and wind segments.