<p>State-owned Indian Renewable Energy Development Agency (IREDA) has posted a profit after tax (PAT) of Rs 295 crore for the June quarter on account healthy loan book.</p>.<p>In a statement on Saturday, IREDA said it has "reported loan disbursement of Rs 3,173 crore with a growth of 272 per cent, all-time high quarterly PAT of Rs 295 crore, up 30 per cent. Loan book surged 44 per cent to Rs 47,207 crore as of June 30, 2023, showcasing a robust growth of 44 per cent." </p>.ONGC Q1 net profit drops 34% on lower oil prices, output.<p>IREDA, under the Ministry of New and Renewable Energy (MNRE), is a Non-Banking Financial Institution engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.</p>.<p>Its PAT in the June quarter of 2022-23 was Rs 226 crore. Its loan book was Rs 32,679 crore and loan disbursements were Rs 852 crore, the company said.</p>.<p>Its total income from operations was at Rs 1,143 crore, up 45 per cent as against Rs 786 crore in the year-ago quarter.</p>.<p>IREDA has also posted a significant reduction in net non-performing assets (NPAs) to 1.61 per cent from 2.92 per cent in Q1 FY23. </p>.<p>The net worth of the company increased by 14 per cent to Rs 6,290 crore as against Rs 5,514 crore in April-June FY23.</p>
<p>State-owned Indian Renewable Energy Development Agency (IREDA) has posted a profit after tax (PAT) of Rs 295 crore for the June quarter on account healthy loan book.</p>.<p>In a statement on Saturday, IREDA said it has "reported loan disbursement of Rs 3,173 crore with a growth of 272 per cent, all-time high quarterly PAT of Rs 295 crore, up 30 per cent. Loan book surged 44 per cent to Rs 47,207 crore as of June 30, 2023, showcasing a robust growth of 44 per cent." </p>.ONGC Q1 net profit drops 34% on lower oil prices, output.<p>IREDA, under the Ministry of New and Renewable Energy (MNRE), is a Non-Banking Financial Institution engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.</p>.<p>Its PAT in the June quarter of 2022-23 was Rs 226 crore. Its loan book was Rs 32,679 crore and loan disbursements were Rs 852 crore, the company said.</p>.<p>Its total income from operations was at Rs 1,143 crore, up 45 per cent as against Rs 786 crore in the year-ago quarter.</p>.<p>IREDA has also posted a significant reduction in net non-performing assets (NPAs) to 1.61 per cent from 2.92 per cent in Q1 FY23. </p>.<p>The net worth of the company increased by 14 per cent to Rs 6,290 crore as against Rs 5,514 crore in April-June FY23.</p>