Indian Renewable Energy Development Agency Past Earnings Performance
Past criteria checks 4/6
Indian Renewable Energy Development Agency has been growing earnings at an average annual rate of 28.6%, while the Diversified Financial industry saw earnings growing at 19.3% annually. Revenues have been growing at an average rate of 20.2% per year. Indian Renewable Energy Development Agency's return on equity is 14.6%, and it has net margins of 70.5%.
Key information
28.6%
Earnings growth rate
6.9%
EPS growth rate
| Diversified Financial Industry Growth | 18.9% |
| Revenue growth rate | 20.2% |
| Return on equity | 14.6% |
| Net Margin | 70.5% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How Indian Renewable Energy Development Agency makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 17,756 | 12,522 | 928 | 0 |
| 31 Dec 23 | 17,345 | 11,685 | 974 | 0 |
| 30 Sep 23 | 16,128 | 10,337 | 1,002 | 0 |
| 30 Jun 23 | 15,613 | 9,332 | 897 | 0 |
| 31 Mar 23 | 13,966 | 8,646 | 889 | 0 |
| 31 Dec 22 | 14,868 | 8,375 | 743 | 0 |
| 30 Sep 22 | 14,639 | 7,439 | 775 | 0 |
| 30 Jun 22 | 12,720 | 6,699 | 754 | 0 |
| 31 Mar 22 | 12,100 | 6,335 | 723 | 0 |
| 31 Mar 21 | 8,333 | 3,464 | 644 | 0 |
| 31 Mar 20 | 5,005 | 2,146 | 671 | 0 |
| 31 Mar 19 | 6,694 | 2,499 | 595 | 0 |
| 31 Mar 18 | 7,935 | 3,705 | 484 | 0 |
| 31 Mar 17 | 4,213 | 2,101 | 378 | 0 |
| 31 Mar 16 | 5,432 | 2,979 | 246 | 0 |
| 31 Dec 15 | 5,891 | 2,918 | 409 | 0 |
| 30 Sep 15 | 6,368 | 2,856 | 771 | 0 |
| 30 Jun 15 | 6,160 | 2,788 | 779 | 0 |
| 31 Mar 15 | 5,042 | 2,690 | 688 | 0 |
| 31 Dec 14 | 5,301 | 2,637 | 1,005 | 0 |
| 30 Sep 14 | 5,781 | 2,553 | 1,286 | 0 |
| 30 Jun 14 | 5,587 | 2,479 | 1,278 | 0 |
| 31 Mar 14 | 5,364 | 2,403 | 1,212 | 0 |
| 31 Dec 13 | 5,167 | 2,201 | 888 | 0 |
| 30 Sep 13 | 4,367 | 1,997 | 347 | 0 |
| 30 Jun 13 | 3,847 | 2,012 | 323 | 0 |
Quality Earnings: IREDA has a high level of non-cash earnings.
Growing Profit Margin: IREDA's current net profit margins (70.5%) are higher than last year (61.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IREDA's earnings have grown significantly by 28.6% per year over the past 5 years.
Accelerating Growth: IREDA's earnings growth over the past year (44.8%) exceeds its 5-year average (28.6% per year).
Earnings vs Industry: IREDA earnings growth over the past year (44.8%) exceeded the Diversified Financial industry 15%.
Return on Equity
High ROE: IREDA's Return on Equity (14.6%) is considered low.