Business Standard
State-owned IREDA has posted a marginal 1.77 per cent decline in net profit to Rs 492.63 crore during the March quarter on account of higher expenses. The company had reported a net profit of Rs 501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday. During January-March, the company's total income rose to Rs 2,181.28 crore from Rs 1,915 crore in the fourth quarter of the preceding 2024-25 financial year. Expenses increased to Rs 1,562.14 crore from Rs 1,285.91 crore in the last quarter of FY25. For the entire FY26, IREDA posted a net profit of Rs 1,874 crore, up from Rs 1,698 crore in 2024-25. Annual income also rose to Rs 8,338.89 crore from Rs 6,755.69 crore in FY25. In a separate statement, the company said it has "posted the highest ever annual profit." The Board of Directors recommended a final dividend of Rs 0.75 per equity share for the financial year 2025-26, subject to approval of shareholders in the ensuing Annual General Meeting
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