IREDA Shares Fall 4% After Its Net Profit Decreases by 2% in Q4
India, June 2 -- Shares of Indian Renewable Energy Development Agency Limited, with a market capitalization of Rs. 34,632.20 crore, are trading at a price of Rs. 123.28, down 2.37% from its previous closing price of Rs. 126.27. The stock touched an intraday high of Rs. 124.78 and a low of Rs. 122.80. It is trading at a P/E ratio of 18.93. The stock's VWAP stands at Rs. 123.64, while its 52-week high and low are Rs. 186.58 and Rs. 108.65, respectively. The stock is currently trading within its price band of Rs. 113.65 to Rs. 138.89.
On the financial performance front, IREDA reported a consolidated net profit of Rs. 493 crore for Q4FY26, marking a nearly 2% year-on-year decline from Rs. 502 crore in Q4FY25. While the absolute decline is mo...
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