On Tuesday, the Indian Renewable Energy Development Agency Limited (IREDA) informed the exchanges that it will report its earnings for the quarter ended September on October 10.
What Happened: “This is to inform you that the meeting of the Board of Directors of Indian Renewable Energy Development
Agency Limited (IREDA) will be held on Thursday, October 10, 2024, to consider and approve the unaudited financial results of the Company for the quarter & half year ended September 30, 2024,” the company said in the exchange filing.
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Earlier today, the state-owned company posted its business update for the first half of the year ending March 2024. The company reported a whopping 303% increase in loan sanctions in the first half of the current financial year, sanctioning ₹17,860 crore worth of loans compared to ₹4,437 crore sanctioned during the same period last year.
In terms of loan disbursements, IREDA disbursed ₹9,787 crore in the first half of the fiscal year, a 56% increase from the ₹6,273 crore disbursed in the corresponding period last year. The company's loan book outstanding at the end of the half-year stood at ₹64,500 crore, reflecting a 36% growth from ₹47,514 crore in the previous year's quarter.
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