IREDA shares jump 4% after reporting 15% YoY growth in Q3 PAT, 28% surge in revenue

IREDA shares surged on Monday following robust third-quarter financial results. The company reported a significant 15.4% year-on-year jump in net profit to Rs 1,381.36 crore, with revenue from operations climbing 28.2%. Loan sanctions and disbursements also showed strong growth, highlighting the firm's expanding presence in the renewable energy sector.