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IREDA FY26 Provisional Update: Loan Book Grows 22% to ₹93,075 Crore
IREDA has reported a robust business performance for the fiscal year ending March 31, 2026, based on provisional data. The company's loan book outstanding reached ₹93,075 crore, marking a significant 22% year-on-year growth. Loan disbursements also showed strong momentum, increasing by 16% to ₹34,946 crore, while fresh loan sanctions grew by 9% to ₹51,883 crore. These figures reflect the company's continued dominance and growth in the Indian renewable energy financing space.
Key Highlights
Loan Book Outstanding grew by 22% YoY to ₹93,075 crore as of March 31, 2026.
Annual Loan Disbursements increased by 16% to ₹34,946 crore compared to ₹30,169 crore in FY25.
Fresh Loan Sanctions for the year stood at ₹51,883 crore, a 9% growth over the previous fiscal.
The company demonstrated consistent operational scaling in the green energy sector.
💼 Action for Investors
The strong growth in the loan book and disbursements is a positive indicator of future interest income; investors should remain bullish while monitoring the upcoming audited results for asset quality details.
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IREDA's IFSC Subsidiary Secures 'BBB+/Stable' International Credit Rating
IREDA's wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has received its inaugural international credit rating of 'BBB+/Stable' from CareEdge Global Ratings. This rating is particularly significant as it is at par with India’s sovereign rating, reflecting the strong institutional linkage with its parent, IREDA. The rating is expected to enable the subsidiary to access international capital markets more effectively for clean energy financing. This strategic move aims to diversify funding sources and reduce the overall cost of borrowing for the group's global operations.
Key Highlights
IGGEFIL assigned a Long-Term Foreign Currency Issuer Rating of ‘BBB+/Stable’ by CareEdge Global Ratings.
The assigned rating is at par with India’s sovereign rating, indicating high credit quality.
The rating facilitates easier access to international capital markets for renewable energy projects.
Management expects this to lead to a diversification of funding sources and a reduction in borrowing costs.
IGGEFIL is a 100% owned subsidiary of IREDA operating in the GIFT City IFSC.
💼 Action for Investors
Investors should view this as a positive milestone that enhances IREDA's global financing capabilities and potential for margin improvement through lower borrowing costs. Maintain a positive outlook on the stock as the company strengthens its international financing arm.
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IREDA Secures JPY 28 Billion ECB Facility from SMBC for Renewable Financing
IREDA has signed a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise JPY 28 billion through External Commercial Borrowings (ECB). The facility includes a base amount and a Green Shoe Option of JPY 12 billion, providing significant liquidity for the company's lending operations. The loan is an unsecured facility with a tenure of 5 years, indicating strong international lender confidence in IREDA's creditworthiness. This move allows IREDA to diversify its funding sources and potentially lower its overall cost of capital.
Key Highlights
Total facility size of JPY 28 billion, which includes a JPY 12 billion Green Shoe Option.
Agreement executed with Sumitomo Mitsui Banking Corporation (SMBC) Singapore Branch.
The borrowing is structured as an unsecured External Commercial Borrowing (ECB) for a 5-year term.
Funds are earmarked for financing renewable energy projects, aligning with IREDA's core mandate.
💼 Action for Investors
Investors should view this as a positive indicator of IREDA's ability to tap international markets for low-cost funding. Maintain a positive outlook as this strengthens the company's balance sheet for future growth in the renewable sector.
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IREDA Declares Interim Dividend of ₹0.60 per Share; Sets Record Date for April 02, 2026
The Board of IREDA has declared an interim dividend of ₹0.60 per equity share for the financial year 2025-26, which is 6% of the face value of ₹10. The company has established April 02, 2026, as the record date to identify eligible shareholders for this payment. The dividend will be disbursed electronically within 30 days from the date of declaration. Shareholders are advised to update their bank details with their Depository Participants as physical dividend warrants have been discontinued.
Key Highlights
Interim dividend of ₹0.60 per equity share (6% of face value) declared for FY 2025-26
Record date for determining shareholder eligibility is fixed as April 02, 2026
Dividend payment will be processed exclusively through electronic mode within 30 days
Submission deadline for lower TDS documentation (Form 15G/15H) is April 02, 2026
Trading window for designated persons to reopen on March 28, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the shares before the ex-dividend date. Additionally, verify that bank account details are correctly updated in the demat account to ensure successful electronic credit.
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IREDA Declares Interim Dividend of ₹0.60 Per Share for FY 2025-26
The Board of Directors of IREDA has declared an interim dividend of ₹0.60 per equity share for the financial year 2025-26, which is 6% of the face value of ₹10 each. The company has fixed April 02, 2026, as the record date to determine the eligibility of shareholders for this payout. The dividend will be paid within 30 days of declaration and will be processed exclusively through electronic modes. This move reflects the company's commitment to returning value to its shareholders amidst its role in financing renewable energy projects.
Key Highlights
Interim dividend of ₹0.60 per equity share declared for FY 2025-26
Dividend represents 6% of the paid-up equity share face value of ₹10
Record date for eligibility is set as Thursday, April 02, 2026
Payment to be completed within 30 days via electronic mode only
Trading window for designated persons to reopen on March 28, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the record date of April 02, 2026. It is also advised to verify that bank account details are correctly updated with Depository Participants for seamless electronic credit.
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IREDA Board to Meet on March 25, 2026, to Consider Interim Dividend for FY 2025-26
The Indian Renewable Energy Development Agency (IREDA) has scheduled a Board of Directors meeting for March 25, 2026. The primary agenda is to consider the proposal for declaring an interim dividend for the financial year 2025-26. In accordance with SEBI regulations, the trading window for the company's securities, which has been closed since March 12, 2026, will remain closed until 48 hours after the meeting's conclusion. This announcement signals potential immediate cash returns for shareholders.
Key Highlights
Board meeting scheduled for March 25, 2026, to discuss interim dividend declaration.
Proposal pertains to the financial year 2025-26.
Trading window for insiders remains closed until 48 hours after the board meeting (approx. March 27, 2026).
Trading window was previously closed starting from March 12, 2026.
Compliance maintained under Regulation 29 of SEBI (LODR) Regulations 2015.
💼 Action for Investors
Investors should monitor the outcome of the March 25 meeting for the dividend amount and the record date to ensure eligibility. PSU stocks like IREDA are often favored for their dividend payouts, making this a key event for yield-seeking investors.
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IREDA Board Approves ₹40,000 Cr Borrowing for FY27; Enhances FY26 Limit to ₹35,800 Cr
IREDA's board has approved a significant expansion of its borrowing capacity to support the growing demand for renewable energy financing. For the current fiscal year (FY 2025-26), the borrowing limit has been enhanced from ₹30,800 crore to ₹35,800 crore. Additionally, the board has authorized a massive market borrowing programme of up to ₹40,000 crore for FY 2026-27. These funds will be raised through various instruments including green bonds, taxable bonds, and foreign currency borrowings to fuel the company's lending operations.
Key Highlights
Enhanced FY 2025-26 borrowing plan by ₹5,000 crore, bringing the total to ₹35,800 crore.
Approved a new market borrowing programme of up to ₹40,000 crore for the upcoming FY 2026-27.
Funding sources include Green Bonds, Masala Bonds, ECBs, and Perpetual Debt Instruments.
The ₹40,000 crore borrowing target for FY27 excludes funds raised under Extra Budgetary Resource (EBR).
Modified the policy for determination of materiality of events for stock exchange disclosures.
💼 Action for Investors
Investors should view this as a strong growth signal indicating a robust pipeline of renewable energy projects requiring financing. Monitor the company's ability to maintain its net interest margins (NIMs) as it scales its borrowing and lending volumes.
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IREDA Shareholders Approve Capital Raise via Equity Issuance with 99.99% Majority
IREDA shareholders have officially approved a special resolution to raise capital through the issuance of equity shares via a postal ballot process. The resolution received overwhelming support, with 99.99% of the 2.13 billion votes polled in favor of the proposal. This approval provides the company with the necessary mandate to strengthen its capital base and support its expanding loan portfolio in the renewable energy sector. The promoter group and institutional investors showed unanimous support for the fundraising initiative.
Key Highlights
Special resolution for equity capital raise passed with a 99.9919% majority of votes polled.
Total votes polled were 2,135,108,267, representing approximately 76% of the total outstanding shares.
Promoter and Promoter Group (Government) cast 2,015,823,529 votes, 100% of which were in favor.
Institutional investors showed strong confidence with 117,485,098 votes cast 100% in favor.
The resolution was deemed passed on March 14, 2026, following the conclusion of the remote e-voting process.
💼 Action for Investors
Investors should view this as a growth-enabling move that will allow IREDA to expand its lending capacity in the green energy space. Monitor for upcoming announcements regarding the specific mode of issuance, such as a QIP or FPO, to assess potential dilution and pricing.
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IREDA Board to Meet on March 19 to Discuss Borrowing Plans for FY 2025-26 and FY 2026-27
IREDA has scheduled a board meeting on March 19, 2026, to discuss significant fundraising and borrowing strategies. The board will consider enhancing the borrowing plan for the current financial year 2025-26 and setting the market borrowing programme for FY 2026-27. These funds are expected to be raised through bonds, term loans, and commercial papers from both domestic and international markets. As per SEBI regulations, the trading window for the company's securities is closed with immediate effect until 48 hours after the meeting.
Key Highlights
Board meeting scheduled for March 19, 2026, to approve capital raising initiatives.
Proposal to enhance the existing borrowing plan for the current financial year 2025-26.
Discussion on the Market Borrowing Programme for FY 2026-27 involving domestic and international markets.
Fundraising instruments to include bonds, term loans, and Commercial Papers (CP).
Trading window for insiders closed immediately until 48 hours post-board meeting.
💼 Action for Investors
Investors should monitor the outcome of the March 19 meeting to understand the specific scale of the borrowing plan, which indicates the company's growth trajectory and lending capacity. The expansion of borrowing limits is generally a positive sign for a financing NBFC like IREDA.
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IREDA Announces Management Restructuring; Tusar Kant Parida Appointed as KMP
IREDA has implemented a significant organizational restructuring effective March 02, 2026. Shri Tusar Kant Parida, an Executive Director with over 24 years of experience, has been designated as a Key Managerial Personnel (KMP) replacing Shri Amit Goel. While Mr. Goel transitions to lead the Business Development & Corporate Strategy Group, six other General Managers have ceased to be Senior Management Personnel (SMP) as part of the structural change. This realignment aims to streamline leadership roles within the state-owned renewable energy financier.
Key Highlights
Shri Tusar Kant Parida designated as Key Managerial Personnel (KMP) effective March 02, 2026
Shri Amit Goel transitions from KMP to Head of Business Development & Corporate Strategy Group
Six General Managers ceased to be Senior Management Personnel (SMP) due to organizational restructuring
New KMP Tusar Kant Parida brings over 24 years of professional experience and is a Chartered Accountant
💼 Action for Investors
Investors should view this as a routine organizational realignment; monitor if the new focus on 'Corporate Strategy' leads to faster loan disbursements or improved asset quality.
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IREDA Seeks Shareholder Approval to Raise Up to ₹2,994 Crore via QIP
IREDA has issued a postal ballot notice to seek shareholder approval for raising capital up to ₹2,994 crore through the issuance of equity shares. The fundraising is proposed via the Qualified Institutions Placement (QIP) route in one or more tranches. This capital infusion is designed to strengthen the company's capital base and support its growing lending operations in the renewable energy sector. The remote e-voting period for shareholders is scheduled to run from February 13, 2026, to March 14, 2026.
Key Highlights
Proposed fundraise of up to ₹2,994 crore through equity share issuance.
Capital to be raised via Qualified Institutions Placement (QIP) in one or more tranches.
Remote e-voting period for the special resolution starts Feb 13 and ends March 14, 2026.
The cut-off date for determining shareholder voting eligibility was February 06, 2026.
Proceeds are intended to bolster the company's Tier-1 capital and lending capacity.
💼 Action for Investors
Investors should view this as a growth-positive move that will enable IREDA to maintain its lending momentum in the green energy space. Monitor the eventual QIP pricing and institutional demand as indicators of market sentiment toward the stock's valuation.
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IREDA Board Approves Fundraise of up to ₹2,994 Crore via QIP
The Board of IREDA has approved a significant capital infusion of up to ₹2,994 crore through a Qualified Institutions Placement (QIP). This fundraise is intended to bolster the company's capital adequacy and support its expanding loan book in the renewable energy sector. A key condition of the issue is that the Government of India's shareholding will not be diluted by more than 3.76% post-issue. The proposal is now subject to shareholder approval via a postal ballot process.
Key Highlights
Approved raising of funds up to ₹2,994 crore through issuance of equity shares via QIP.
Government of India's stake dilution capped at 3.76% of the post-issue paid-up equity capital.
Board approved a Postal Ballot to seek necessary shareholder approvals for the fundraise.
The cut-off date for determining e-voting rights for the Postal Ballot is February 06, 2026.
The capital will likely be used to fuel the company's growth in green energy financing.
💼 Action for Investors
Investors should view this as a positive step for long-term growth as it provides the necessary capital to scale lending operations. Monitor the QIP floor price and the actual dilution levels once the placement is executed.
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IREDA Board Approves ₹2,994 Crore Fundraise via QIP
The Board of Directors of IREDA has approved a significant capital raising plan of up to ₹2,994 crore through a Qualified Institutions Placement (QIP). This capital infusion is intended to strengthen the company's balance sheet and support its expanding lending operations in the renewable energy sector. A specific condition of the issue is that the Government of India's shareholding will not be diluted by more than 3.76% on a post-issue basis. The proposal is now subject to shareholder approval via a postal ballot process.
Key Highlights
Approved fundraise of up to ₹2,994 crore through issuance of equity shares via QIP.
Government of India's stake dilution capped at a maximum of 3.76% post-issue.
Shareholder approval to be sought through a Postal Ballot with a cut-off date of February 06, 2026.
The capital raise is aimed at bolstering Tier-1 capital to fuel future loan book growth in green energy projects.
💼 Action for Investors
Investors should view this as a positive step for long-term growth as it provides the necessary capital for IREDA to scale its lending. Monitor the QIP floor price and the actual dilution impact on Earnings Per Share (EPS) once the placement is finalized.
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IREDA Board to Consider ₹2,994 Crore Fundraise via QIP on February 6
IREDA has scheduled a board meeting for February 6, 2026, to consider raising up to ₹2,994 crore through a Qualified Institutions Placement (QIP). The capital infusion is aimed at strengthening the company's equity base to support its expanding renewable energy lending portfolio. The proposal will require shareholder approval via a postal ballot and necessary regulatory clearances. Consequently, the trading window for IREDA securities has been closed with immediate effect until 48 hours after the board meeting.
Key Highlights
Board meeting on February 6, 2026, to approve fundraising of up to ₹2,994 crore
Fundraising proposed via Qualified Institutions Placement (QIP) in one or more tranches
Company to seek shareholder approval through a postal ballot process
Trading window closed from February 3, 2026, until 48 hours after the board meeting
Capital intended to fuel growth in the renewable energy financing sector
💼 Action for Investors
Investors should watch for the board's final approval and the subsequent QIP pricing, which will indicate institutional demand. The fundraise is a positive signal for long-term growth capacity, though it may result in minor equity dilution.
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IREDA Subsidiary Sanctions First International Loan of USD 22.5 Million for Zambia Solar Project
IREDA's wholly-owned subsidiary, IGGEFIL, has officially sanctioned its first international green energy loan amounting to USD 22.5 million. The financing is directed toward Swarna Solar Limited for the development of a 100 MW solar power plant in Zambia. This marks a strategic milestone for IREDA as it expands its financing footprint beyond India via its GIFT City unit. The move demonstrates the company's ability to leverage international capital for global renewable energy projects.
Key Highlights
First international loan sanction of USD 22.5 million by subsidiary IGGEFIL
Funding supports a 100 MW Photovoltaic Solar Power Plant in Zambia
Loan sanctioned to Swarna Solar Limited (SSL) for project in Serenje District
Strategic use of GIFT City presence to access and deploy international capital
Signals IREDA's transition into a global catalyst for clean energy financing
💼 Action for Investors
Investors should view this as a positive diversification of IREDA's portfolio into international markets. Monitor the company's ability to scale its offshore lending via the IFSC unit as a new growth lever.
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IREDA Q3 FY26 PAT Jumps 38% YoY to ₹585 Crore; Loan Book Grows 28% to ₹87,975 Crore
IREDA reported a strong financial performance for Q3 FY26, with Profit After Tax (PAT) rising 38% YoY to ₹585 crore. The loan book expanded by 28% YoY to reach ₹87,975 crore, supported by a 44% surge in disbursements during the first nine months of the fiscal year. Net Interest Margins (NIM) improved significantly to 3.74% from 3.33% YoY, driven by a reduction in the cost of borrowings. While Gross NPA increased YoY to 3.75%, it showed a healthy sequential recovery from 3.97% in the previous quarter.
Key Highlights
Profit After Tax (PAT) grew 38% YoY to ₹585 crore for Q3 FY26, while Revenue from Operations rose 25% to ₹2,130 crore.
Outstanding loan book reached ₹87,975 crore, with 9M FY26 disbursements growing 44% YoY to ₹24,903 crore.
Net Interest Margin (NIM) expanded to 3.74% from 3.33% YoY, aided by the cost of borrowings falling to 7.07%.
Asset quality improved sequentially with Net NPA declining to 1.68% from 1.97% in Q2 FY26.
Net worth increased by 38% YoY to ₹13,537 crore, bolstered by successful QIP and Tier-II bond issuances.
💼 Action for Investors
Investors should remain positive on IREDA given its robust disbursement growth and improving margins in the renewable energy sector. The sequential improvement in asset quality and successful capital raises provide a strong cushion for future growth.
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IREDA Q3 FY26 PAT Jumps 38% YoY to ₹585 Cr; Loan Book Grows 28% to ₹87,975 Cr
IREDA delivered a robust performance for Q3 FY26, with Profit After Tax (PAT) rising 38% YoY to ₹585 crore. The company's loan book expanded significantly by 28% YoY to reach ₹87,975 crore, supported by a 44% surge in 9-month disbursements. While Gross NPAs increased year-on-year to 3.75%, they showed a healthy sequential recovery from 3.97% in the previous quarter. Profitability was further bolstered by an improved Net Interest Margin (NIM) of 3.74% and a reduction in borrowing costs to 7.07%.
Key Highlights
Profit After Tax (PAT) for Q3 FY26 increased by 38% YoY to ₹585 crore.
Outstanding loan book grew 28% YoY to ₹87,975 crore, with 9M disbursements rising 44% to ₹24,903 crore.
Net Interest Margin (NIM) improved to 3.74% from 3.33% YoY, driven by lower borrowing costs of 7.07%.
Asset quality showed sequential improvement with Net NPA declining to 1.68% from 1.97% in Q2 FY26.
Net worth surged 38% YoY to ₹13,537 crore, reflecting strong capital position and recent QIP success.
💼 Action for Investors
Investors should remain positive on IREDA given its strong loan growth and improving margins in the renewable energy sector. The sequential improvement in asset quality and reduced cost of funds reinforce its competitive advantage as a pure-play green financier.
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IREDA Q3 FY26 Results: PAT Surges 38% YoY to ₹585 Cr; Loan Book Grows 28% to ₹87,975 Cr
IREDA reported a robust performance for Q3 FY26, with Profit After Tax (PAT) increasing 38% YoY to ₹585 crore. The company's loan book expanded by 28% YoY to reach ₹87,975 crore, supported by a 44% surge in 9-month disbursements. Asset quality showed sequential improvement, with Net NPA declining to 1.68% from 1.97% in the previous quarter. Net Interest Margins (NIM) also improved significantly to 3.74% from 3.33% YoY, reflecting efficient cost of borrowing management.
Key Highlights
Net Profit (PAT) grew by 38% YoY to ₹585 crore in Q3 FY26 compared to ₹425 crore in Q3 FY25.
Outstanding loan book reached ₹87,975 crore, marking a 28% YoY growth from ₹68,960 crore.
Net Interest Margin (NIM) improved to 3.74% from 3.33% YoY, while cost of borrowings fell to 7.07%.
Asset quality improved sequentially with Net NPA at 1.68% vs 1.97% in Q2 FY26, though higher than 1.50% YoY.
Successfully raised ₹2,005.90 crore through a QIP and ₹1,247 crore via perpetual bonds during the year.
💼 Action for Investors
Investors should focus on the strong disbursement growth and improving NIMs which signal healthy profitability. The sequential recovery in asset quality is a positive sign, making the stock a strong candidate for long-term portfolios focused on India's renewable energy transition.
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IREDA Q3 FY26 Results: Net Profit at ₹584.91 Cr, Revenue Grows 28.7% YoY
IREDA reported a strong performance for the quarter ended December 31, 2025, with revenue from operations rising to ₹2,129.87 Crores from ₹1,654.45 Crores in the year-ago period. The company's net profit for the quarter stood at ₹584.91 Crores. For the nine-month period, total revenue reached ₹6,040.86 Crores, marking significant growth over the ₹4,714.25 Crores recorded in the previous year. Investors should note the restatement of historical CRAR figures due to updated RBI risk weight guidelines.
Key Highlights
Quarterly Revenue from Operations increased 28.7% YoY to ₹2,129.87 Crores
Net Profit for Q3 FY26 reported at ₹584.91 Crores
Nine-month revenue (Apr-Dec 2025) grew to ₹6,040.86 Crores vs ₹4,714.25 Crores YoY
CRAR for Dec 2024 restated from 19.63% to 15.52% following RBI risk weight adjustments
₹400.24 Crores in assets classified as Stage II/Standard per High Court interim orders
💼 Action for Investors
Maintain a positive outlook given the strong revenue growth in the renewable energy sector, but monitor the impact of increased risk weights on future capital adequacy ratios.
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IREDA Q3 FY26 Results: Net Profit Jumps 28% YoY to ₹585 Crore; Revenue Up 28%
IREDA reported a robust performance for the quarter ended December 31, 2025, with net profit rising 27.8% YoY to ₹584.91 crore. Total revenue from operations grew to ₹2,129.87 crore, driven by strong interest income from renewable energy financing. While the financial growth is healthy, the auditor highlighted ₹400.24 crore in assets classified as Standard/Stage II due to court orders, which would otherwise be NPAs. Additionally, historical CRAR figures were restated lower following RBI's revised risk-weighting guidelines for commissioned projects.
Key Highlights
Net Profit for Q3 FY26 reached ₹584.91 crore, up from ₹457.65 crore in the same quarter last year.
Total Revenue from Operations increased by 28.7% YoY to ₹2,129.87 crore from ₹1,654.45 crore.
Interest Income, the primary revenue driver, stood at ₹2,101.97 crore for the quarter.
₹400.24 crore in loan assets are currently classified as Stage II (Standard) instead of NPA due to interim court orders.
CRAR for December 2024 was restated from 19.63% to 15.52% due to a shift from 50% to 100% risk weight on certain assets.
💼 Action for Investors
Investors should remain positive on the stock given the consistent 28% growth in profit and revenue, but should monitor the final legal outcome of the ₹400 crore disputed NPA classification.