<ul data-eligibleForWebStory="false"><li>IREDA shares slumped over 6% after reporting a 36% decline in net profit during the June quarter.</li><li>The company's net profit dropped to Rs 247 crore from Rs 384 crore in the year-ago period.</li><li>On Friday, IREDA's share price opened 5% lower and extended losses to 6% at Rs 159.80 intraday.</li><li>With the stock down 25% year-to-date, this is a developing story with updates to follow.</li></ul>

Multibagger PSU IREDA Share Price Cracks 6% After Q1 Net Profit Slumps 36% YoY; Stock Down 25% YTD

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