IREDA Share Price in Focus Ahead of Q3 FY25 Financial Results

Indian Renewable Energy Development Agency Limited (IREDA) is in focus ahead of the Q3 FY 2025 financial results announcement. On January 9, 2025, IREDA share price opened at ₹224.90, slightly up from its previous close of ₹223.38. At 10:42 AM, the share price of IREDA was trading at ₹224.27, up by 0.40% on the NSE. As of the same time, the stock price touched its day’s high at ₹227.30.

In December 2024, IREDA announced to the stock exchanges that its Board of Directors would meet on Thursday, January 9, 2025, to review and approve the audited financial results for the quarter and nine months ending December 31, 2024.

Recent Developments 

Earlier this week, Indian Renewable Energy Development Agency Limited has received an “Excellent” rating for its performance in the MoU signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, scoring 98.24 (rounded to 98).

The company stated that this marks the 4th consecutive year that IREDA has earned the “Excellent” rating, demonstrating its strong commitment to operational excellence and the highest standards of corporate governance. Over the past three years, IREDA has consistently delivered exceptional results, with scores of 93.50 in FY 2022-23, 96.54 in FY 2021-22, and 96.93 in FY 2020-21. These consistent achievements reflect the organisation’s dedication to advancing India’s renewable energy objectives.

Q2 FY 2025 Financial Highlights

In the second quarter of FY24-25, IREDA reported a total income of ₹1,630.38 crore, marking a 39% growth compared to ₹1,176.96 crore in the same quarter of the previous year. Profit After Tax (PAT) for Q2 stood at ₹387.75 crore, reflecting a 36% increase from ₹284.73 crore in Q2 FY23-24.

For the first half of FY24-25, the company’s total income reached ₹3,141.09 crore, up by 35% from ₹2,320.46 crore in H1 FY23-24. The PAT for H1 was ₹771.44 crore, a 33% rise from ₹579.31 crore during the same period last year.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Standard Glass Lining IPO Allotment Status Set for Today, January 9, 2025

Standard Glass Lining IPO, one of the upcoming IPOs, allotment status is set for today, January 9, 2025. You can check the Standard Glass Lining IPO allotment status on the registrar’s website, Kfin Technologies Limited, as well as on the BSE and NSE websites.

Successful bidders will have the shares credited to their demat accounts on Friday, January 10, 2025. Refunds for unsuccessful applicants are also expected on the same day.

Standard Glass Lining IPO Subscription Status

Standard Glass Lining IPO was opened from January 6, 2025, to January 8, 2025. As of January 8, 2025, 6:19 PM, the IPO received an overall subscription of 185.48 times. The qualified institutional buyers (QIB) category was subscribed 327.76 times, while the non-institutional investor (NII) and retail investor portions saw subscriptions of 275.21 times and 65.71 times, respectively.

Details of the Standard Glass Lining IPO

Standard Glass Lining Technology Limited IPO was a book-built issue of ₹410.05 crore. It contained a fresh issue of 1.50 crore shares and an offer for sale of 1.43 crore shares.

The price band for the IPO was set between ₹133 to ₹140 per share. The minimum lot size for an application is 107. The minimum amount of investment required by retail investors is ₹14,980.

Standard Glass Lining shares are scheduled to be listed on the BSE and NSE on Monday, January 13, 2025.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.