IREDA shares jump 3%

Loan sanctions during the quarter stood at Rs 11,740 crore, marking a 29 percent increase compared to Rs 9,136 crore in the same quarter last year. Loan disbursements rose even higher, growing by 31 percent year-on-year to Rs 6,981 crore, up from Rs 5,326 crore in the corresponding period of FY24. The company’s loan book outstanding also grew in Q1, reaching Rs 79,960 crore, marking a 27 percent rise from Rs 63,207 crore a year ago. At 9.20 a.m., shares of the firm were quoting Rs 174.5, higher by 2.6 percent on the NSE compared to the previous session's closing price.