- By Aditya Pratap Singh
- Fri, 11 Oct 2024 10:15 AM (IST)
- Source:JND
IREDA Share Price: Share Price of the Indian Renewable Energy Development Agency (IREDA) surged on Friday as the shares opened at Rs 238.10, up nearly 2 per cent from Thursday's closing. In the opening hours, The intra-day high of the stock was Rs 239.95, up 2.25 per cent. Today's rally is driven by Q2 result announcement.
IREDA announced its quarterly results on Thursday. The company informed the stock markets that its net profit during July-September was Rs 387.74 crore, which is 36 per cent higher as compared to same quarter previous year. The company's profit was Rs 284.73 crore in the same quarter a year ago while its net profit in the July quarter was Rs 383 crore.
Also read: Gold Rate Today: Know Latest Gold Price In Delhi, Kochi, Jaipur, Nagpur, Lucknow And Other Cities
The company's income has also increased during the September quarter. IREDA's income was Rs 1,630 crore during the June-September quarter, Which has surged 38.50 per cent on YoY. IREDA's income in the September quarter was Rs 1,177 crore a year ago.
The company's net interest income has also increased. The company's NII was Rs 359.80 crore in the second quarter of the current financial year, Which is 52 per cent more on YoY. At the same time, there has been no change in the company's NPA. The company's NPA has been 2.19 per cent this time too.
IREDA Share Performance
IREDA's shares have performed brilliantly this year. So far in 2024, the company has given a return of 124 per cent to investors in the stock market. The share price of this government company has risen by 41 per cent during the last 6 months. Let us tell you, IREDA's 52-week high in the BSE is Rs 310.
Also Read: Complete List Of All TATA Group Companies: From TCS To Vistara To Voltas To Starbucks | Check Here
Disclaimer: This is only a piece of news about recent developments in the stock. Jagran does not advise investing, please take expert opinion before investing.