Are Indian Renewable latest results good or bad?

The Indian Renewable Energy Development Agency (IREDA) reported a strong financial performance for the quarter ending March 2025, showcasing significant growth across several key financial metrics.
Net sales reached Rs 1,904.15 crore, reflecting a 22.3% increase compared to the average of the previous four quarters, marking the highest quarterly sales in the last five quarters. The operating profit, measured as PBDIT, also saw a notable rise to Rs 1,733.85 crore, again the highest in the last five quarters. Profit before tax, excluding other income, was reported at Rs 619.40 crore, indicating a 27.0% growth over the previous four-quarter average. Profit after tax (PAT) stood at Rs 501.79 crore, which is a substantial increase of 30.8% compared to the average PAT of Rs 383.55 crore from the previous four quarters. Additionally, earnings per share (EPS) reached Rs 1.87, the highest in the last five quarters, suggesting improved profitability for shareholders.

In terms of quarterly performance, IREDA experienced a 13.53% growth in net sales compared to the previous quarter, while standalone net profit grew by 17.96%. The operating profit margin, however, saw a slight decline compared to the previous quarter.

Despite these positive results, the company saw an adjustment in its evaluation. Overall, the financial data indicates a robust operational performance for IREDA during this period.