Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

Posts tagged IREDA

IREDA has strong earning growth; long term growth prospects intact. Buy for target price of ₹220 (26% upside): ICICI Direct



IREDA share price target

IREDA reported strong performance in Q4FY25 with continued growth in AUM at 28% YoY to ₹76,282 crore. Operational performance remained robust (NII grew 21.2% YoY) driven by strong growth in AUM and ~42 bps YoY increase in margin at 3.27%. Resultantly, earnings grew at 49% YoY to ₹502 crore. Gross NPA improved by ~23 bps QoQ to 2.45%, though, credit cost remained higher at ₹129 crore in Q4FY25 vs ₹104 crore in Q3FY25

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