Indian Renewable Energy Development Agency (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE)today announced audited financial results for Half-year-1 and Quarter-2FY2021-22 ending 30th September 2021 a government release said.

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The companyhas posted Total Income from Operations of Rs. 684.80 crore and Profit After Tax (PAT) of Rs. 110.27 crore for Q2 FY22. The company has reported all-time high half-yearly PAT of Rs. 299.90 crore, it further said.

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The Board of Directors of IREDA approved the Audited Financial Results for H1 & Q2 FY 2021-22 ending 30th September 2021in a meeting held today while lauding the company’s performance and growth.

Highlights of Half Yearly results ended on 30th September 2021as compared to corresponding period during FY 2020-21 as follows:

Profit After Taxgrown to Rs. 299.90 crore against Rs. 206.63 crore. (All-time high)
Total Income from Operationsincreased to Rs. 1386.97 crore against Rs. 1284.94 crore. (Up by 8%)
Reduction in Net NPA (%):4.87% against 5.79% (Reduction by 16%)
Net-worth:Rs. 3333.19 crore against Rs. 2742.98 crore (Up by 22%)

Highlights of Q2 FY 2021-22as compared to corresponding period during FY 2020-21 as follows:

Loan Sanction:Rs. 5925.12 crore against Rs. 1172.32 crore (Up by 405%)
Loan Disbursement:Rs. 3584.90 crore against Rs. 2041.34 crore (Up by 76%)