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Shares of Indian Renewable Energy Development Agency (IREDA) ltd. will be in focus on Tuesday, April 8, after the company announced the data on which it will be declaring its fourth quarter earnings. The state-run company will be declaring results at the conclusion of its board meeting on Tuesday, April 15.
There is no other mention of any corporate action, be it dividend or any other. IREDA has already declared its business update for the January-March quarter at the start of the month. IREDA's loans grew by 27% from last year during the January-March period to ₹47,453 crore, compared to ₹37,354 crore that were sanctioned at the end of the same quarter last year.
Disbursements of loans also increased by 20% year-on-year to ₹30,168 crore, while the company's loan book outstanding at the end of the quarter stood at ₹76,250 crore, a growth of 28% compared to the ₹59,968 crore reported during the same quarter last year. IREDA is yet to disclose its shareholding for the March quarter. At the end of the December quarter, the government held a 75% stake in the company.
The company had 25.88 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, who had a 20% stake in the company as of December 31. Shares of IREDA ended 3.
2% lower on Monday, having recovered substantially from the day's low to end at ₹151.4. The stock is still down 50% from its peak.
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