MUMBAI: Indian Renewable Power Growth Company Ltd. (IREDA), the nation’s largest pure-play inexperienced financing NBFC, has achieved an all-time excessive annual Revenue After Tax (PAT) of Rs 1252.23 crores, marking an spectacular progress of 44.83% over the earlier fiscal yr 2022-23. The corporate has efficiently diminished its Web Non-Performing Belongings (NPAs) to 0.99% in FY 2023-24, from 1.66% in FY 2022-23, demonstrating a big discount of 40.52% year-on-year.
The Mortgage E-book of IREDA has grown by 26.81%, from Rs 47,052.52 crores as on 31^st March, 2023 to Rs 59,698.11 crores as on 31^st March, 2024. The corporate has achieved all-time excessive annual Mortgage Sanctions of Rs 37,353.68 crores and Disbursements of Rs 25,089.04 crores in Monetary Yr 2023-24, registering a rise of 14.63% and 15.94% respectively, over mortgage sanctions of Rs 32,586.60 crores and disbursements of Rs 21,639.21 crores within the earlier yr. This marks the best annual mortgage disbursement and sanction within the historical past of the corporate.
The online-worth of the corporate has grown by 44.22%, having reached Rs 8,559.43 crores as on 31^st March, 2024 as towards Rs 5,935.17 crores for the yr ending 31^st March 2023.
On the event of announcement of the unprecedented audited monetary outcomes for the fiscal yr 2023-24, the Board of Administrators of IREDA counseled the corporate’s distinctive efficiency and sustained progress at a gathering held on the firm’s Registered Workplace on April 19, 2024.
The annual monetary highlights for the FY 2023-24 as towards FY 2022-23 are as follows:

Key monetary highlights for This autumn, FY 2023-24 in comparison with This autumn, FY 2022-23 are as follows:

Expressing happiness on the exceptional monetary outcomes, chairman & managing director of IREDA Shri Pradip Kumar Das emphasised IREDA’s steadfast dedication to accelerating the adoption of renewable vitality options in India, indicating a promising trajectory for buyers and stakeholdeRs
CMD, IREDA attributed the corporate’s progress to the unwavering belief and help of its stakeholders, whereas extending gratitude to the ministry of recent & renewable vitality and board of administrators for his or her indispensable help and steering. He additionally counseled Workforce IREDA for his or her dedication and protracted efforts, which considerably contributed to the excellent monetary efficiency.
Notably, IREDA has set a brand new benchmark by publishing its Annual Audited Monetary Outcomes inside simply 19 days, the quickest publication of Audited Ends in the Banking and NBFC house, surpassing SEBI’s 60-day deadline. This achievement follows final yr’s document of publishing the outcomes inside 25 days.