Ireda is targeting a net interest margin (NIM) of 3.6% to 3.7% in the next 12 months, with plans to raise funds through 54EC bonds to reduce borrowing costs.
The decrease in net profit and rise in NPAs can be attributed to a loan provided to Gensol Engineering and a tariff revision by the Andhra Pradesh government.
Despite issues with the Gensol Engineering account, Ireda maintains a strong loan book growth rate of 27% CAGR, with consistent growth in sanctions and disbursements over several quarters.