Shares of state-run Indian Renewable Energy Development Agency Ltd. (IREDA) recovered from the lows of the day to gain as much as 2.3% on Tuesday, October 14, in response to its September quarter results.

The company's Net Interest Income (NII) or core income for the quarter increased by 49.5% on a year-on-year basis to $817 crore from ₹547 crore last year.

Net profit for the period also increased by 41.5% from the same quarter last year to ₹549 crore.

Asset quality improved on a sequential basis for the company. Gross Non-Performing Assets improved to 3.97% from 4.13% in the June quarter, while Net Non-Performing Assets improved to 1.97% from 2.06% in the previous quarter.

Operating profit at the end of the quarter increased by 55% from the same quarter last year to ₹766 crore from ₹4

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