PSU Navratna stock slips over 6% after weak performance across most parameters
Published on 11/07/2025 11:36 AM
Shares of the PSU company IREDA plunged in a weak market after it posted subdued earnings across all parameters. As of the last count, after slumping to the day's low of 159.05, the stock traded weak by as much as 5 per cent at Rs 160.5 per share.
The Navratna company's performance languished amid a rise in non-performing assets or bad loans. Consolidated profit at the company under the Ministry of New and Renewable Energy (MNRE) declined to Rs 246.88 crore.
The net interest income ( a differential between the interest income realised and interest income spent), however, increased 36 per cent during the review period to 690 crore. Asset quality at the company got impacted sequentially with GNPA increasing to 4.13 per cent from 2.45 per cent in the March quarter.
Meanwhile, the NNPA also increased to 2.06 per cent as against 1.35 per cent of the total loans as in the preceding quarter.
The company's drag came after the company recognised its financing to Gensol Engineering as non-performing assets.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.