Indian Renewable Energy Development Agency Limited has informed the Exchange regarding 'CAG Comments on Standalone and Consolidated Financials Statements for FY 2024-25'.
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IREDA has submitted its audited Standalone and Consolidated financial results for the year ended March 31, 2025, along with comments from the Comptroller and Auditor General of India (CAG). The CAG conducted a supplementary audit and had no significant comments or qualifications to add to the statutory auditors' report — a clean outcome. On a standalone basis, total income grew 36% year-on-year to Rs 6,754.78 crore, while net profit after tax rose 35.6% to Rs 1,698.60 crore (FY24: Rs 1,252.24 crore). EPS improved to Rs 6.32 from Rs 5.16, and net worth stood at Rs 10,266.16 crore. The Capital to Risk Weighted Assets Ratio (CRAR) came in at 17.77%, with gross NPA ratio at 2.45%. During Q4 FY25, the company raised Rs 4,307.37 crore via private placement of non-convertible securities, and there were no defaults in debt servicing.
A clean (unqualified) CAG report is positive for shareholder confidence, as it removes any regulatory red flags on the financial statements. The strong 35%+ growth in profit and revenue, combined with healthy capital adequacy and zero debt defaults, reinforces IREDA's strong operational and financial health, likely to be viewed favorably by the market.