Indian Renewable Energy Development Agency Limited (NSE: IREDA)

IREDA Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	55,965	48,224	33,738	27,132	25,652	22,466
Total Interest Expense	36,123	31,641	20,884	15,873	14,393	13,490
Net Interest Income	19,842	16,583	12,854	11,260	11,259	8,976
Commissions and Fees	898.37	600.09	373.33	1,064	337.73	216.27
Other Revenue	995.61	828.77	718.85	545.47	151.85	993.83
Revenue Before Loan Losses	21,736	18,012	13,946	12,869	11,749	10,186
Provision for Loan Losses	509.74	-672.17	665.79	1,799	3,416	5,181
Revenue	21,226	18,684	13,280	11,070	8,333	5,005
Revenue Growth (YoY)	31.61%	40.69%	19.97%	32.85%	66.49%	-25.24%
Salaries & Employee Benefits	790.74	713.19	630.93	588.18	473.6	469.75
Cost of Services Provided	292.95	215.07	69.74	95.06	228.12	238.92
Other Operating Expenses	944.61	765.22	711.86	1,357	1,010	1,264
Total Operating Expenses	2,382	1,997	1,648	2,273	1,939	2,200
Operating Income	18,844	16,687	11,633	8,797	6,394	2,805
Earnings From Equity Investments	-	-	-	-	-0.25	0.64
Currency Exchange Gain (Loss)	-829.73	165.29	-240.26	-458.9	-698.47	-406.47
EBT Excluding Unusual Items	18,015	16,852	11,392	8,338	5,695	2,412
Pretax Income	18,015	16,852	11,392	8,338	5,695	2,412
Income Tax Expense	3,571	4,330	2,746	2,003	2,231	265.62
Net Income	14,444	12,522	8,646	6,335	3,464	2,146
Net Income to Common	14,444	12,522	8,646	6,335	3,464	2,146
Net Income Growth	39.73%	44.83%	36.48%	82.90%	61.40%	-14.11%
Shares Outstanding (Basic)	2,630	2,427	2,287	789	785	785
Shares Outstanding (Diluted)	2,630	2,427	2,287	789	785	785
Shares Change (YoY)	15.14%	6.10%	189.93%	0.55%	-	-
EPS (Basic)	5.49	5.16	3.78	8.03	4.41	2.74
EPS (Diluted)	5.49	5.16	3.78	8.03	4.41	2.74
EPS Growth	21.48%	36.51%	-52.93%	82.09%	61.22%	-13.98%
Free Cash Flow	-157,612	-111,184	-123,587	-52,622	-32,085	-17,096
Free Cash Flow Per Share	-59.92	-45.82	-54.03	-66.70	-40.89	-21.79
Operating Margin	88.78%	89.31%	87.59%	79.47%	76.73%	56.04%
Profit Margin	68.05%	67.02%	65.11%	57.23%	41.57%	42.88%
Free Cash Flow Margin	-742.53%	-595.08%	-930.61%	-475.36%	-385.06%	-341.58%
Effective Tax Rate	19.82%	25.69%	24.11%	24.02%	39.18%	11.01%
Revenue as Reported	57,859	49,653	34,830	28,742	26,586	23,724

Source: S&P Capital IQ. Financial Services template. Financial Sources.