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Indian Renewable Energy Development Agency (IREDA) Ltds net profit for Q3 grew by 26% to Rs 425.4 crore, driven by higher interest income, increased loan sanctions, and lower borrowing costs. Revenue rose 36% to Rs 1,698 crore. The company's loan portfolio expanded to Rs 68,960 crore, supported by increased disbursements and improved asset quality.
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Cement producers expect net profit declines in the December quarter, leading to earnings downgrades. Despite a 7-8% increase in sales volumes, revenues will remain flat. Ebitda for these companies may drop by 20-30%, while some profits could decline by 30-60%. Larger producers like UltraTech Cement and Ambuja Cements may fare better.
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Festive food sales jumped but the retailer is concerned about the British economy.
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