New Delhi, April 18 -- Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose almost 4% after reporting a 49% growth in net profit in Q4 of FY25, thanks to strong credit offtake and improved interest margins.

With the cut in the benchmark repo rate by 50 basis points to 6% over the past two monetary policy meetings and the change in the monetary policy stance from neutral to accommodative, there may be a further uptick in credit demand for the state-owned lending agency.

Ireda's interest income climbed 40% year-on-year to Rs.1,860 crore, exceeding the 35% growth during the first nine months of FY25. With Q4 interest expenses up 30%, net interest income rose 57% to Rs.757 crore.

The non-banking financial company managed t...