Indian Renewable Energy Development Agency Ltd. · NSE:IREDA
Indian Renewable Energy Development Agency — Q1 FY2024-25 Earnings Presentation
30 slides from Indian Renewable Energy Development Agency's earnings presentation, Jul 12, 2024
Slide 1: IREDA Investor Presentation For Q1 FY24-25
IREDA Investor Presentation For Q1 FY24-25 12th July 2024
Slide 2: Table of contents
IREDA at a glance 02 RE Financing Environment 03 Financial Highlights 04 Operational Performance Table of 05 Asset Quality contents 06 Shareholder Outlook
Slide 3: IREDA at a glance
IREDA at a glance
Slide 4: Introducing IREDA
Introducing IREDA Strategic role in GoI’s Committed to implementing India’s largest pure-play green Performance initiatives for promotion & high standards of financing NBFC Track Record development of RE sector Corporate Governance ▪ Over 37 years of experience ▪ Published FY24 annual ▪ 75% owned by
Slide 5: IREDA's journey and key milestones
IREDA’s journey and key milestones 1987 1996 2005 2010 Established as a dedicated Financial Notified as Public Financial ISO Certification by Bureau of Upgraded from 'Schedule C' to Institution under erstwhile Department Institution under Companies Act Indian Standards (BIS) 'Schedule B' CPSE of Non
Slide 6: Presence across renewable energy sectors with comprehensive suite of financial products
IREDA has presence across renewable energy sectors with comprehensive suite of financial products & services Products offered from Traditional RE technologies Emerging technologies conceptualization to commissioning Solar Battery Storage System Project Term Loans Hydro Electric Vehicle & Charging In
Slide 7: Global & India RE financing landscape
Global & India RE financing landscape
Slide 8: Global RE financing environment | Trends & Growth Drivers
Global RE financing environment | Trends & Growth Drivers Global RE installed capacity in GW1 Robust global environment for RE Global RE capacity growth, enabled by ambitious pledges addition of >500 GW & record high-capacity addition in 2023 expected 4500 4140 11000+ …Global commitment for RE capac
Slide 9: India RE financing environment | Trends & Growth Drivers
India RE financing environment | Trends & Growth Drivers India RE installed capacity in GW1 Outlook for India’s RE sector is positive, with major policy announcements & 200 ambitious targets 194 181 180 168 RE160 Capacity in GW 151 140 131 137 500 … target of non-fossil fuel-based energy by 2030 RE
Slide 10: Financial Highlights
Financial Highlights
Slide 11: Summary Highlights for Q1 | FY24-25
Summary Highlights for Q1 | FY24-25 Rs in crores Q1 FY24-25 For Qtr ended For Qtr ended For Qtr ended Year ended VS Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 Mar 31, 2024 Q1 FY23-24 Revenue from operations 1510 1391 1143 4964 32% Interest Expense 975 847 764 3164 28% Operating Profit Profit and Loss (B
Slide 12: Key Financial Ratios
As at As at As at Key Financial Ratios: 30.06.2024 31.03.2024 30.06.2023 Yield on Loan Assets (%) (gross) 10.01% 9.97% 9.64% Cost of borrowings (%) 7.78% 7.81% 7.83% Interest Spread (%) 2.23% 2.16% 1.81% Net Interest Margin(%) 3.29% 2.85% 3.23% Debt Equity Ratio 5.83 5.80 6.35 CRAR (%) 19.52% 20.11%
Slide 13: Financial Information
Financial Information | Rs in crores Q1 FY24-25 Qtr ended Qtr ended Mar Qtr ended Jun VS Particulars Jun 30, 2024 31, 2024 30, 2023 Q1 FY23-24 Revenue from operations 1510.28 1391.25 1143.21 32% Other Income 0.43 0.39 0.29 48% Total Income 1510.71 1391.64 1143.50 32% Finance cost 974.93 847.24 763.7
Slide 14: Income Statement
Income Statement Rs in crores Q1 FY24-25 For Qtr ended For Qtr ended For Qtr ended Revenue from operations VS Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 Q1 FY23-24 Interest Income 1,482.76 1,328.62 1,132.73 31% Fees and Commission Income 25.05 19.26 10.26 144% Net gain/(loss) on fair value changes on -4
Slide 15: Balance Sheet
Balance Sheet Rs in crores Balance Sheet - Liabilities As at 30.06.24 As at 31.03.24 As at 30.06.23 Equity (a) Equity Share Capital 2,688 2,688 2285 (b) Other Equity 6,422 5,872 4006 Financial Liabilities (a) Derivative financial instruments 289 208 291 (b) Trade Payables 2 7 33 (c) Borrowings 53,09
Slide 16: Operational performance
Operational performance
Slide 17: Lending profile | Composition of outstanding loans
Lending profile | Composition of outstanding loans Rs in crores For Q1 For Q1 As on 30th June As on 31st March As on 30th June FY 24-25 FY 23-24 Sector 2024 2024 2023 Sanction 9210 1892 Public 15469 24% 14940 25% 12150 26% Private 47738 76% 44758 75% 35057 74% Disbursement 5325 3174 Total 63,207 100
Slide 18: Lending profile | Well diversified assets with PAN India presence
Lending profile | Well diversified assets with a PAN India Presence with lending across 23 states and 4 UTs Himachal Pradesh Uttarakhand 2621 4.15% 1695 2.69% Punjab Uttar Pradesh 487 0.77% 1018 1.61% Rajasthan Sikkim 9102 14.42% 894 1.42% States with more than 5% share in Gross Loan Portfolio Madhy
Slide 19: Borrowing profile | Stable credit ratings
Borrowing profile | Stable credit ratings have enabled access to cost-effective long-term sources of borrowing Domestic Credit Ratings for Long Term Borrowings “AAA” “AAA” “AAA” “AAA” Stable Stable Stable Stable Upgraded from AA+ Stable
Slide 20: Rs.53,095 cr. Outstanding Borrowings as on 30th Jun, 2024
Rs.53,095 cr. Outstanding Borrowings as on 30th Jun, 2024 Rs in crores Domestic Borrowings 44434 Borrowings 45000 40388 100% As on As on As on 30144 Outstanding % 30.06.2024 31.03.2024 30.06.2023 35000 80% 54% 21988 53% 23538 25000 63% 60% 18906 Domestic Borrowings 84% 81% 75% 15000 40% 18400 20895
Slide 21: Asset Quality
Asset Quality
Slide 22: Improved asset quality with steady decline in NPA
Improved asset quality with steady decline in NPA Gross NPA ( Rs in Crores) Net NPA ( Rs in Crores) 3000 10.00% 2500 15.00% 2442 9.00% 13.00% 2500 8.00% 8.77% 2000 11.00% 7.00% 2000 1768 1510 9.00% 6.00% 1500 1513 1500 1411 1385 5.00% 7.00% 5.21% 1035 4.00% 1000 1000 5.61% 768 5.00% 3.00% 3.21% 581
Slide 23: Shareholders' outlook
ENERGY FOR EVER Ginn ONCE IREDA ALWAYS IREDA (A Navratna CPSE) Shareholders’ outlook Se er AG ee
Slide 24: Shareholding Pattern
Shareholding Pattern SHAREHOLDER'S as on 30th Jun, 2024 % of Holding SHAREHOLDER'S as on 31st Mar, 2024 % of Holding President Of India (GoI) 75.00% President Of India (GoI) 75.00% Resident Individual 21.33% Resident Individuals 20.39% iShares Core MSCI Emerging Markets ETF 0.18% Vanguard Total Inte
Slide 25: Shareholding Pattern
Shareholding Pattern % of % of CATEGORY OF SHAREHOLDER holding As at holding As at SHAREHOLDER'S 30.06.2024 31.03.2024 President of India (GOI) 75.00% 75.00% Resident Individuals, Resident Individuals 20.39% 21.33% 20.39% FIIs & FPIs 2.70% 1.36% Mutual Funds 0.24% 0.53% FIIs & FPIs, President of 2.7
Slide 26: Thank You
Investor Resources Annual Report https://www.ireda.in/annual-reports Financial results https://www.ireda.in/financial-results Join us: @ireda.in Investor https://www.ireda.in/investor-grievance-officer Grievance www.ireda.in Contact us https://www.ireda.in/contact Thank You
Slide 27: Lending profile | Sector wise Disbursement Performance
Lending profile | Sector wise Disbursement Performance Rs in crores For Q1 For Q1 Sector wise Disbursements FY 23-24 FY 22-23 FY 21-22 FY 20-21 FY 24-25 FY 23-24 Solar Thermal / SPV 788 850 4544 7075 3406 1785 Wind 317 1424 1617 3502 2114 901 Hydro Power 395 273 2045 1731 1195 683 Manufacturing 462
Slide 28: Lending profile | Sector wise Sanction Performance
Lending profile | Sector wise Sanction Performance Rs in crores For Q1 For Q1 Sector wise Sanctions FY 23-24 FY 22-23 FY 21-22 FY 20-21 FY 24-25 FY 23-24 Solar Thermal / SPV 487 23 6065 11236 4880 2289 Wind 68 565 2097 5396 2539 525 Hydro Power 175 388 1420 4310 2169 807 Manufacturing 172 367 6754 1
Slide 29: Lending profile | Major borrowers as per share in outstanding loans
Lending profile | Major borrowers as per share in outstanding loans (as on 30th Jun, 2024) Principal Outstanding % of Total Loan Sr. No. Name of the Borrower (Rs. In Cr) Assets 1 Tamil Nadu Generation And Distribution Corporation Limited 2,300 3.64% 2 Northern Power Distribution Company of Telangana
Slide 30: Employee Benefit Expenses & Misc Expenses
Employee Benefit Expenses & Misc Expenses Rs in Lakhs Qtr ended Qtr ended Qtr ended Yr ended Expenses Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 Mar 31, 2024 Employee Benefit Expenses Salaries and wages 1,621.57 1,468.41 965.41 5,798.20 Contribution to provident and other funds 146.10 71.88 109.28 489.7
Indian Renewable Energy Development Agency — Q1 FY2024-25 Earnings Presentation on 6ix