IREDA profit jumps 83% to all-time high of Rs 634 cr in FY22

State-owned Indian Renewable Energy Development Agency (IREDA) has posted a historic all-time high profit of Rs 634 crore for 2021-22.

This profit was 82.88 per cent higher as compared to the previous year's.

Profit Before Tax (PBT) in 2021-22 was Rs 834 crore, higher by 46.41 per cent from 2020-21, a company statement said.

The IREDA board approved the financial results for 2021-22 in a meeting held on Saturday while lauding the company's outstanding performance under challenging conditions.

The loan book of IREDA, an NBFC under Ministry of New & Renewable Energy grew from Rs 27,854 crore as on March 31, 2021 to Rs 33,931 crore at March-end this year, registering a growth of 21.82 per cent.

The company registered highest-ever loan sanction of Rs 23,921 crore , a growth of 117.44 per cent from the previous year's.

The loan disbursement of Rs 16,071 crore is the highest in the company's history and a record increase by 82 per cent from the previous year.

The net-worth of the ...