Revenue from operations of the non-banking financial company for the reporting quarter rose 36% on year to Rs 1,698 crore.
Net non-performing assets ratio improved marginally to 1.50% as against 1.52% in the corresponding period a year back.
Net interest margin grew to 3.33% against 3.20% in the corresponding period a year back. Cost of borrowing fell to 7.68% compared with 7.82% in the same period last year.
Loan sanctions during the quarter was Rs 13,227 crore, up 45% year-on-year.
Disbursements were up by a fourth on year to Rs 7,449 crore, while the loan book of the green financing company stood at Rs 68,960 crore at the end of the quarter against Rs 50,580 crore a year back.The company outstanding borrowing as on December end was Rs 57,931 crore of which 85% was through domestic lenders and the rest was foreign borrowing.It said India’s renewable energy sector outlook was positive, with major policy announcements and ambitious targets.
The company’s lending profile is across traditional renewable energy sources like solar, wind and hydro and in emerging technologies such as battery storage systems, electric vehicles, green hydrogen, fuel cells, among others.
The state-owned company had earlier said it was looking to raise Rs 30,000 crore in FY25 through debt and equity, part of which would be funded through a follow-on public offer by mid-January through February.
Apart from equity, around Rs 20,000-25,000 crore is to be borrowed from the market in the ongoimg financial year.
The company is looking to enhance its loan book size beyond Rs 85,000 crore at the end of the current financial year.
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