IREDA registers profit of Rs 3.46 billion in 2020-21

Indian Renewable Energy Development Agency Limited (IREDA) has recorded a net profit of Rs 3.46 billion and income of Rs 26.59 billion for the year ended March 2021.

The company has registered an increase of 12.1per cent in the standalone total income over Rs 23.72 billion recorded last year. The company’s net profit has increased by 60.9 per cent to Rs 3.46 billion from Rs 2.15 billion during the same period. The loan book has grown from Rs 235.48billion as on March 31, 2020 to Rs 278.54 billion as on March 31, 2021. Aided by the profits, the net worth of the company has reached Rs 29.95 billion on March 31, 2021, as against Rs 25.21 billion during the same period last year.