IREDA Q3 results: Share prices of Navratna PSUs fall over 3 percent after Q3 results; Can I buy now?

IREDA Q3 results: Public sector non-banking financial institution (NBFC) IREDA on Friday announced its results for the third quarter of financial year 2025. IREDA has announced a net profit of Rs 425.38 crore in this Q3. The company’s revenue increased by 36.73%. Profit increased by 26.78%. Net profit stood at Rs 425.38 crore while income stood at Rs 1701.84 crore. Net interest income (NII) increased 39 per cent to Rs 622.3 crore in the third quarter from Rs 448.1 crore. Operating margin declined 330 basis points (bps) to 30.42 percent from 33.72 percent.

decline in share price

However, IREDA’s share price fell more than 3 per cent on Friday after the third quarter results were announced. Share price of IREDA fell 3.4 per cent to close at Rs 208.50 on BSE. Indian Renewable Energy Development Agency, a ‘Navratna’ PSU company, has a market capitalization of Rs 58079.91 crore as of January 10, 2025.

NPA reduction

The asset quality of the company further improved as IREDA’s gross non-performing assets (NPAs) fell to 2.68 per cent in Q3FY25. The company’s loan book stood at Rs 68,960 crore as of the quarter ending December 31, 2024. Bad loans in the same period last year were Rs 50,580 crore.

Can you buy IREDA shares now?

Anshul Jain, Head, Laxmishree Investment & Securities Research expressed his opinion on buying IREDA shares at the current price. IREDA has recorded strong financial results (sequential and annual). “The strong financial performance reflects IREDA’s strategic focus on sustainable profitability and revenue growth to capitalize on opportunities in the renewable energy sector. As demand for renewable energy is expected to accelerate further, the company is well positioned for long-term expansion IREDA stock responded positively during the market opening, presenting an attractive buying opportunity for long-term investors,” Jain said.

For Rs 260..

“IREDA shares have strong support at Rs 200. Even if the stock turns sideways on the technical charts, if it crosses Rs 230 level on a closing basis, the stock can be expected to touch Rs 260 level in the medium term. So, IREDA shareholders should keep the stock at Rs 230 and medium-term target at Rs 260, said Sumeet Bagadia, executive director, Choice Broking. “New investors can take call positions in IREDA shares at a medium term target of Rs 260 (share price target),” Bagadia said.

IREDA Stock Price Trends

IREDA’s share price has fallen by more than 5 per cent in the last three months and by more than 10 per cent in six months. But IREDA shares have given multibagger returns of 105 per cent in the last one year. Shares of IREDA touched a 52-week high of Rs 310 on July 15, 2024 and a 52-week low of Rs 101.20 on January 10, 2024.

Reference: The above opinions, recommendations are those of individual analysts or broking companies, ht telugu V is not. We recommend investors to consult certified professionals before making any investment decisions.