The FPO would aim to raise between ₹4,000 crore and ₹5,000 crore.
Ireda, which provides funding assistance and other services to renewable energy and energy efficiency/conservation projects and is 75 per cent owned by the government of India, has requested the Union Finance Ministry to be included under Section 54EC of the Income Tax Act, which will help reduce borrowing costs.
On the business front, Ireda's good loan growth and pipeline provides visibility. It has managed funding costs well, which can be seen in the stable cost of funds. But as the leverage increases, net interest margin (NIM) could come under pressure. The asset quality is good.
In Q4FY24, the net interest income (NII; interest earned minus interest expended) was 481 crore, up 35 per cent year-on-year (Y-o-Y) and 7.5 per cent quarter-on-quarter (Q-o-Q), driven by loan growth of 27 per cent Y-o-Y and 18 per cent Qo-Q. While, other operating income was ₹60 crore, up over 49 per cent Y-o-Y and up 39.7 per cent Q-o-Q.
The NIM can be calculated as a margin of 3.43 per cent.
Denne historien er fra July 05, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 05, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Trade on road to recovery but Indian firms tread cautiously
The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays anda complex bilateral environment remain major concerns
DoT launches new system to block fraud international calls
The Department of Telecommunications (DoT), in collaboration with Telecom Service Providers (TSPs), has introduced an advanced system designed to identify and block incoming international spoofed calls before they can reach Indian telecom subscribers.
PM to launch infra projects, agri schemes in Maha today
Prime Minister Narendra Modi will on Saturday inaugurate infrastructure projects worth ₹32,180 crore in election-bound Maharashtra.
The shrinking presence of smaller parties in Haryana Assembly polls
Since 2014, Haryana's electoral politics has seen smaller parties cede their vote shares to the Bharatiya Janata Party (BJP) and the Congress, a trend that these political parties would hope to buck in this Assembly polls.
DMart stock slips despite strong showing in Q2
Mixed response from brokerages; company had 377 stores till Sep 30
Jio Fin-BlackRock JV gets Sebi approval for MF entry
Jio Financial Services' joint venture with BlackRock to enter the mutual fund (MF) space in India has received the nod from the Securities and Exchange Board of India (Sebi), the firm stated in an exchange filing on Friday.
HDFC BANK'S MSCI WEIGHT SET TO RISE
India's largest private sector lender HDFC Bank is poised to see its weighting increase further in global services provider MSCI indices due to its expanded foreign portfolio investor (FPI) investment headroom.
"The mother of all bear mkts in equities is dead"
Developments in West Asia have triggered a panic-like situation across global equity markets. SHANKAR SHARMA, founder of wealth management firm GQuant Investech, spoke with Puneet Wadhwa in New Delhi about escalating tensions between Israel and Iran. Edited excerpts:
Higher e-auction share crucial for Coal India stock
Coal India (CIL) has reported a production of 51 million tonnes (mt) for September, up 10.4 per cent month-on-month (M-o-M), but down 1 per cent year-on-year (Y-o-Y).
Sebi proposes measures to boost retail participation in G-Sec mkt
The Securities and Exchange Board of India (Sebi) is considering initiatives to promote retail participation in government securities (G-Secs) through stock brokers.
