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HinduBusinessLine

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IREDA shares tank 4.6% after Q1 profit falls, asset quality deteriorates

  • IREDA's gross non-performing assets (NPAs) rose to 4.13% and net NPAs increased to 2.06% due to loans worth ₹730 crore turning into NPAs.
  • The company's net profit dropped 35.6% year-on-year to ₹247 crore in Q1FY26 and provisions increased significantly.
  • Despite a 29% yearly growth in revenue, rising financing costs led to a decline in profitability for IREDA.
  • The stock has declined over 40% from its 52-week high and current trading volumes are significant at 284.08 lakh shares worth ₹458.95 crore.

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