The non-banking financial company’s operating income rose 36% year-on-year to Rs. 1,698 crores.
The net non-performing assets ratio improved marginally to 1.50% from 1.52% in the same period a year ago.
Net interest margin increased to 3.33% against 3.20% in the same period a year ago. Borrowing cost fell to 7.68% compared to 7.82% in the same period last year.
Loan sanctioned during the quarter was Rs. 13,227 crore, up 45% year-on-year.
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Year-on-year disbursements rose fourth to Rs. 7,449 crore, while the green financing company’s loan book at the end of the quarter stood at Rs. 68,960 crore which was Rs. 50,580 crores.
As of the end of December, the outstanding loan of the company was Rs. 57,931 crore of which 85% was through domestic lenders and the rest was foreign debt.
It said the outlook for India’s renewable energy sector is positive, with major policy announcements and ambitious targets.
The company’s lending profile is in traditional renewable energy sources like solar, wind and hydro and emerging technologies like battery storage systems, electric vehicles, green hydrogen, fuel cells.
The state-owned company had earlier said that in FY25 through debt and equity at Rs. 30,000 crore, part of which will be funded through a follow-on public offering from mid-January to February.
Apart from equity, in the current financial year around Rs. 20,000-25,000 crore to be borrowed from the market.
The company has a loan book size of Rs. 85,000 crore is looking to raise over Rs.
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