IREDA's Net Non-Performing Assets (NPAs) have been reduced to 2.92% in Q1, FY 2022-23.

The company's loan Book stood at Rs.32,679.32 crore.

Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), announced audited financial results for the first quarter ended June 30, 2022.

 The company has posted Profit Before Tax (PBT) of  Rs.339.86 crore, which is 72% higher compared to Rs.197.20 crore in the Q1 of the previous financial year.  

IREDA's Net Non-Performing Assets (NPAs) have been reduced to 2.92% in Q1, FY 2022-23 from 4.77% in Q1, FY 2021-22, a significant reduction of 39% YoY.

The company's Profit After Tax stood at Rs.225.96 crore.

The company's loan Book stood at Rs.32,679.32 crore.