Indian Renewable Energy Development Agency Ltd. · NSE:IREDA
Indian Renewable Energy Development Agency — Investor Presentation (November 2025)
36 slides from Indian Renewable Energy Development Agency's investor presentation, Nov 3, 2025
Slide 1: Exchange filing cover letter for investor meet
Ref No: CACS/Sectt./efile 8713 Date: November 03, 2025 नेशनल स्टॉक एक्सचेंज ऑफ इिं डया िलिमटेड, बीएसई िलिमटेड, एक्सचेंज प्लाजा, सी/1,जी ब्लॉक, पहली मंिजल, िफरोज जीजीभॉय टावसर्, दलाल स्ट्रीट, बांद्रा कुलार् कॉम्प्लेक्स, बांद्रा (ई),मुंबई -400051 काला घोड़ा, फोटर्, मुंबई - 400001 National Stock Exchang
Slide 2: Corporate Presentation
Corporate Presentation Indian Renewable Energy Development Agency India’s largest pure-play green financing entity November 2025 | Strictly Private and Confidential 1
Slide 3: IREDA at a glance
IREDA at a glance 2
Slide 4: Building India's Green future, backed by experience and discipline
IREDA | Building India's Green future, backed by experience and discipline • India’s largest pure-play Green Financing NBFC1 with 38+ years of proven leadership • Sustained growth momentum — 27%+ loan book CAGR over 5 years • Growth runway — ₹ 31.6L Cr RE2 financing potential; ₹ 33K Cr sanctions in
Slide 5: Journey and key milestones
Journey and FY24 key milestones FY23 • Upgraded to ‘Schedule A’ CPSE by GoI • IPO raise of ₹ 2,150 Cr • Granted Infrastructure through mix of fresh issue Finance Company status & offer for sale by GoI by RBI FY25 • Granted 'Navratna' Status by DPE 1987 - FY00 • GIFT City (Gujarat) subsidiary registr
Slide 6: Presence across renewable sectors
Products offered from Traditional Emerging conceptualization to RE technologies RE technologies commissioning Battery Energy Solar energy Project Term Loans Storage System Electric Vehicle Wind energy Refinancing of Loans & Charging Infra Green Hydrogen Loan Hydropower & Derivatives Syndication Pump
Slide 7: H1FY26 Highlights
H1FY26 Highlights| Multiple exceptional achievements in current year Business size Profitability Asset quality Borrowings Capital structure and growth ₹ 84,477 Cr 1.90%* ~84% ₹ 69,940 Cr ₹ 12,920 Cr Gross Loan Portfolio Net Interest Margin % Secured Loans Total Borrowings Net Worth (~31% YoY growth)
Slide 8: Two successful rounds of equity issuances completed
Two successful rounds of equity issuances completed IPO QIP (Nov '23) (Jun '25) 1 Issue size ₹ 2150 Cr ₹ 2006 Cr Ranked 2nd highest Primary + value-creator in India by 2 Issue type Primary Secondary (OFS by GoI2) Economic Times; only PSU in the list of top 5 Qualified institutional value creators in
Slide 9: IREDA Awards and Accolades
IREDA Awards and Accolades Award for Honored for outstanding significant CMA ICON contribution to contribution to 2025 awarded development of India's achievement to CMD IREDA renewable energy of 200GW non-fossil Institute of Cost Central Board of installed capacity Accountants 2025 Irrigation & Powe
Slide 10: Performance Highlights
Performance Highlights 9
Slide 11: Performance Highlights
Performance Highlights 1 Business growth & financial performance 1A Large India RE market| Track record of growth | Diversified asset book | High-quality assets | Stable profitability 1B Stable capital profile| Access to cost-effective long-term sources of borrowing | Judicious liability management
Slide 12: Performance Highlights
Performance Highlights 1 Business growth & financial performance 1A Large India RE market| Track record of growth | Diversified asset book | High-quality assets | Stable profitability 1B Stable capital profile| Access to cost-effective long-term sources of borrowing | Judicious liability management
Slide 13: Large India RE market
1A Large India RE market India’s Renewable Energy capacity up ~3.2× since … with an expected required investment of FY14; set to double by FY30 ~ ₹ 31.6 lakh Cr across RE sectors till FY30 Installed RE capacity(GW)1 Projected investment till FY30 (₹ lakh Cr)2 31.6 485 ~2.0x 11.5 293 ~3.2x 247 127 4.
Slide 14: Track record of growth
1A Track record of growth Gross Loan Portfolio (₹ Cr) +27% 84,477 76,282 59,698 Consistent 47,076 growth in Gross Loan Portfolio FY23 FY24 FY25 H1FY26 IREDA REC PFC 38.7% 31.0% Faster growth 26.8% 27.8% Y-o-Y in Gross Loan growth in 17.1% Portfolio 12.9% 11.3% 13.2% 14.0% 13.0% GLP1 (%) 6.6% vs. pee
Slide 15: Loan book diversified across geographies
1A Loan book diversified across geographies Himachal Pradesh Uttarakhand 2,465 2.92% 1,355 1.60% Punjab Uttar Pradesh 552 0.65% 1,409 1.67% Rajasthan Sikkim 13,437 15.91% 1,834 2.17% States with more than 5% Madhya Pradesh Odisha share in GLP2 4,519 5.35% 1,796 2.13% Gujarat Telangana Loans outstand
Slide 16: Loan book diversified across sectors
1A Loan book diversified across sectors % 23.6% 12.4% 4.1% 9.7% 24.6% 8.0% 1.6% 7.3% 3.0% 1.2% 2.7% 1.8% GLP Sector-wise outstanding loan portfolio as on 30.09.25 (₹ Cr) 84,477 2,321 1,504 2,520 983 6,186 1,393 6,756 20,772 8,191 3,435 10,443 19,973 Solar Wind Hybrid Hydro Loan Ethanol Biomass Manu-
Slide 17: High-quality assets
1A High-quality assets ~70% of Generation projects ~84% of Gross ~72% of loans provided to commissioned1 Loan Portfolio secured private sector entities Share of commissioned projects Share of secured projects Share of private sector projects as % of generation projects as % of outstanding loans as %
Slide 18: Increasing profitability
1A Increasing profitability Total Income (₹ Cr) Operating Profit (₹ Cr) +28% 2,380 6,755 +52% 4,965 4,017 Growing 3,483 3,141 1,648 …leading 1,454 Total Income… 1,229 FY23 FY24 FY25 H1FY25* H1FY26* to growing 958 Operating NIM (%) Profit FY23 FY24 FY25 H1FY25* H1FY26* +12 bps 3.32% 3.40% 3.73% …with
Slide 19: Capital profile well above threshold requirements supported by increasing Net Worth
1B Capital profile well above threshold requirements supported by an increasing Net Worth Capital to Risk-weighted Assets Ratio (%) 18.8%* 20.1% 17.8% 15.5% Minimum RBI CRAR Requirement: 15% CRAR above minimum RBI requirement FY23 FY24 FY25 H1FY26 6.8 5.8 6.3 5.4 Debt/Equity (times) Net Worth (₹ Cro
Slide 20: Access to cost-effective long-term sources of borrowing
1B Access to cost-effective long-term sources of borrowing Supported by strong credit ratings and Average cost of borrowing (%) diversified funding relationships 7.0% 7.3% 6.2% 3.7% Declining Cost of BBB (Stable) Global Relationships with Multinational Funds FY23 FY24 FY25 H1FY26* Rating by S&P Glob
Slide 21: Judicious approach towards liability management
1B Judicious approach towards liability management Diversified borrowing sources across Prudent interest rate risk management Domestic banks, International Fls & Bonds Total Outstanding (O/S) Borrowings (₹ Cr) & split by source (%) ~61% of O/S Borrowings are fixed rate 40,165 49,687 64,740 69,940 ~6
Slide 22: Performance Highlights
Performance Highlights 1 Business growth & financial performance 1A Large India RE market| Track record of growth | Diversified asset book | High-quality assets | Stable profitability 1B Stable capital profile| Access to cost-effective long-term sources of borrowing | Judicious liability management
Slide 23: Comprehensive end-to-end loan management & governance mechanism
2A Comprehensive end-to-end loan management & governance mechanism IREDA has built a robust, end-to-end loan management framework, from online application to sanction, pre-disbursement due diligence, and continuous monitoring Pre-Sanction Pre-Disbursement Post-Disbursements Robust appraisal and risk
Slide 24: Efficient stressed asset management and recovery
2B Efficient stressed asset management and recovery GNPA% NNPA% PCR % NPA recovery plans managed 49.3% 58.8% 45.3% 51.5% by Stressed Assets Division 3.97% 3.21% Status % of NPA Accounts 2.36% 2.45% (by Value) 1.97% 1.66% 1.35% Under Legal Recourse 48.0% 0.99% NCLT 12.9% FY23 FY24 FY25 H1FY26 SARFAES
Slide 25: Performance Highlights
Performance Highlights 1 Business growth & financial performance 1A Large India RE market| Track record of growth | Diversified asset book | High-quality assets | Stable profitability 1B Stable capital profile| Access to cost-effective long-term sources of borrowing | Judicious liability management
Slide 26: Strategic role in GoI initiatives in the Renewable Energy sector
3A Strategic role in GoI initiatives in the Renewable Energy sector Advantages conferred due National Programme on high efficiency Solar PV Modules under the to regular & structured Production Linked Incentive scheme (Tranche I) interaction with Govt. of India CPSU Scheme Phase-II for setting up 12,
Slide 27: Digitized processes with presence across India
3B Digitized processes with presence across India for operational scalability & borrower centricity Tech enabled processes Physical presence across India1 Periodic stakeholder meets Direct connect with IREDA leadership Online Loan across physical & virtual modes Application Digital process for Pre &
Slide 28: Cycle-tested Board & Management team with in-depth sector expertise
3C Cycle-tested Board & Management team with in-depth sector expertise Board of Directors Dr. Bijay Kumar Mohanty Shri Ram Nihal Nishad Shri Pradip Kumar Das Independent Director Chairman & Managing Director Director (Finance) & CFO Lawyer and a member of the Bar 32+ years of exp. 26+ years of exp.
Slide 29: Strengthened workforce and institutional capabilities
3C Strengthened workforce and institutional capabilities IREDA # employees across years Experienced and diverse workforce +33% Average range of work experience 26-31 of the Management in Banking years Finance, Power, and Renewable Energy 213 160 >25 Average work experience years of Department Heads
Slide 30: Appendix
Appendix 30
Slide 31: Shareholding pattern
Shareholding pattern| 71.76% holding with GoI & 28.24% with investors; ~81% of the public holding with retail investors SHAREHOLDER'S as on % of Split of shareholding amongst investor segments (%) 30th September, 2025 Holding as on 30th Sept 2025 President Of India (GoI) 71.76% ~81% public holding R
Slide 32: Summary Statement of Assets & Liabilities (Standalone) (I/II)
Summary Statement of Assets & Liabilities (Standalone) (I/II) S.No Particulars September 30, 2025 September 30, 2024 March 31, 2025 March 31, 2024 March 31, 2023 I ASSETS (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) A Financial Assets (a) Cash and cash equivalents
Slide 33: Summary Statement of Assets & Liabilities (Standalone) (II/II)
Summary Statement of Assets & Liabilities (Standalone) (II/II) S.No Particulars September 30, 2025 September 30, 2024 March 31, 2025 March 31, 2024 March 31, 2023 B Non-Financial Liabilities (a) Provisions 780.72 1,104.17 1,217.49 991.11 1,118.16 (b) Deferred Tax Liability(Net) - (c) Other non-finan
Slide 34: Summary Statement of Profit & Loss (Standalone) (I/II)
Summary Statement of Assets & Liabilities (Standalone) (I/II) S.No Particulars September 30, 2025 As at Sept 30, 2024 March 31, 2025 March 31, 2024 March 31, 2023 I Revenue from Operations (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) i) Interest Income 3,938.89 3,0
Slide 35: Summary Statement of Profit & Loss (Standalone) (II/II)
Summary Statement of Assets & Liabilities (Standalone) (II/II) S.No Particulars September 30, 2025 As at Sept 30, 2024 March 31, 2025 March 31, 2024 March 31, 2023 (B) (i) Items that will be classified to profit or loss :- Effective portion of gain /(loss) on hedging instrument in cash flow hedge re
Slide 36: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) Half year ended Half year ended Year ended Year ended Year ended Particulars September 30,2025 September 30,2024 March 31, 2025 March 31, 2024 March 31, 2023 Yield on Term Loans (%) 4.99% 5.04% 9.90% 9.33% 8.44% Cost of Funds (%) 3.65% 3.98% 7.31% 7.01% 6.23% Intere
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