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IREDA's Consolidated Profit Slips in Fiscal Q4

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Indian Renewable Energy Development Agency or IREDA's (NSE:IREDA, BOM:544026) consolidated profit declined to 4.93 billion Indian rupees in the fiscal fourth quarter ended March 31 from 5.02 billion rupees a year ago.

Earnings per share fell to 1.76 rupees from 1.87 rupees a year earlier, the non-banking financial company said in a filing to the Indian stock exchanges on Friday.

Revenue from operations in fiscal Q4 increased to 21.4 billion rupees from 18.6 billion rupees a year ago.

The board recommended a final dividend of 0.75 rupees per equity share.

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