Shares of the Indian Renewable Energy Development Agency (IREDA) experienced a notable surge during the opening of the Indian stock market today. The stock price opened at ₹177.03 on the NSE and soared to an intraday peak of ₹179.50, marking an impressive rise of over 7%. This increase continues a positive trend, with IREDA shares climbing more than 18% over the past three trading sessions.

IREDA’s Strong Q4 Performance

On Tuesday, IREDA released its Q4 FY25 financial results after market hours, showcasing robust performance that is likely to attract investors. The agency reported a remarkable 49% year-on-year increase in net profit, reaching ₹502 crore, up from ₹337 crore during the same quarter last year. For the entirety of the fiscal year 2024-2025, IREDA’s net profit stood at ₹1,698.60 crore, compared to ₹1,252.24 crore in FY24, reflecting a 36% growth year-over-year.

• Key Financial Highlights:
  • Q4 Net Profit: ₹502 crore (up 49% YoY)
  • FY25 Net Profit: ₹1,698.60 crore (up 36% YoY)
  • Total income for FY25: ₹6,742 crore (up 36% YoY)

Expert Insights on IREDA’s Results

Experts are optimistic about IREDA’s financial results, indicating that the strong performance will likely lead to increased buying interest. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, pointed out the significant growth in IREDA’s loan book, which expanded by 26.8% to ₹59,698.1 crore. He emphasized that the company’s ability to finance renewable energy projects is crucial for India’s clean energy transition.

Jain remarked, "IREDA’s impressive performance in Q4FY25, with net profit rising significantly, demonstrates its strengthening financial position. The drop in net NPAs to 0.99% highlights improved asset quality, reinforcing its pivotal role in sustainable energy financing."

Future Projections for IREDA Shares

Looking ahead, Mahesh M Ojha, AVP — Research at Hensex Securities, noted that IREDA’s share price faces a minor resistance level at ₹174. Given the recent buying activity ahead of the Q4 results, some profit-taking might occur around this level. However, this could present a buying opportunity for investors.

• Price Target Insights:
  • Immediate resistance: ₹174
  • Potential target: ₹184 if the stock closes above ₹174
  • Suggested stop loss for short-term investors: ₹164

Ojha advises, "Investors should consider maintaining their positions in IREDA shares while keeping a stop loss at ₹164. New investors may also want to initiate purchases at the current market price, aiming for a short-term target of ₹184."

Summarizing IREDA’s Financial Outlook

IREDA continues to demonstrate strong growth in its operations, as evidenced by its latest financial disclosures. The substantial increase in both profit and revenue highlights the organization’s effectiveness in the renewable energy sector. As the market responds to these impressive results, IREDA remains a compelling option for investors looking to capitalize on the growing trend toward sustainable energy financing.