Indian Renewable Energy Development Agency Ltd. · NSE:IREDA
Indian Renewable Energy Development Agency — Q4 FY2025 Earnings Presentation
26 slides from Indian Renewable Energy Development Agency's earnings presentation, Apr 15, 2025
Slide 1: Investor Presentation for the Quarter & Year Ended March 31, 2025
ENERGY FOR EVER I ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (JI Navratna C<PSr:E) Investor Presentation For the Quarter & Year Ended March 31,2025 15th APRIL 2025
Slide 2: Agenda
ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA Q1 Company at a glance ()I. Jfavratna CPS'E.) Q2 RE Financing Environment Q3 Financial Highlights Q4 Operational Performance Q5 Asset Quality Q6 Shareholder Outlook
Slide 3: Company at a glance
ENERGY FOR EVER '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA (il :Navratna CPS'E) Company at a glance
Slide 4: Introduction
ENERGY FOR EVER E:;;J $~51 I Introduction ~IREDA ONCE /REDA ALWAYS /REDA ~ :Navrat na C<PS'E) r-------------------------------------------------"'I i------------------------------------------------- '";·--Hi ghest·---------o~-mesiic__________cr~ itl :-p-~~~i~i~~-~i--s us·i~~~~---------------- i• Ove
Slide 5: Journey and key milestones
ENERGY FOR EVER Uoumey and key milestones ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (JI. :Navratna CPS<£) - 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 Dept of Institutio
Slide 6: Presence across renewable energy sectors with comprehensive suite of financial products & services
ENERGY FOR EVER ~$~51 I Presence across renewable energy sectors with comprehensive suite of financial products & services Traditional RE technologies Emerging technologies Products offered from conceptualization to commissioning ~IREDA ONCE /REDA ALWAYS /REDA ()I. Jfavratna CPS'E.) Solar Battery St
Slide 7: India RE financing landscape
ENERGY FOR EVER ~$~51 ~IREDA ONCE IREDA ALWAYS IREDA (JI :Na1Jratna CPS'E) India RE financing landscape
Slide 8: India RE financing environment | Trends & Growth Drivers
India RE financing environment I Trends &Growth Drivers I India RE installed ca~acit}! in GW 1 @ 250 I Outlook for India's RE sector is positive, with major policy announcements & ambitious targets I ~ 200 (!) .!;;; >. 142 ... India attained ..... ·u !1l 0.. 150 11 S2 220 remarkable non-fossil !1l s
Slide 9: Financial Highlights
ENERGY FOR EVER "5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA pt :Navratna C<PS<E,)
Slide 10: Summary Highlights | Qtr & Year Ended 31.03.25
ENERGY FOR EVER Summary Highlights I Qtr &Year Ended 31.03.25 E:;;J $~51 I For Qb' Ended Rs in crores Year Ended ~IREDA ONCE /REDA ALWAYS /REDA ~ :Navrat na C<PS'E) Q4FY25 Mar 31, Dec 31, Mar31, Mar 31, Mar 31, vs %Change I 2025 2025 2024 Q4FY24 2025 2024 -~~!~-~~-~-!~-~~-~~!~_!!_i_~~-~------r----J~
Slide 11: Summary Highlights | Key Financial Ratios
ENERGY FOR EVER ~$~51 Summary Highlights I Key Financial Ratios ~IREDA ONCE /REDA ALWAYS /REDA (JI. :Navratna CPS<£) FV2024-25 FV2023-24 ~ield on Loan Assets(%) (Gross) 10.03% 9.97% Cost of borrowings (%) * 7.61% 7.81% Interest Spread (%) 2.42% 2.16% Net Interest Margin (%) 3.27% 2.85% Debt Equity R
Slide 12: Financial Information | Qtr & Year Ended 31.03.2025
Financial Information I Qtr & Year Ended 31.03.2025 ENERGY FOR EVER E:;;J $~51 I Particulars For Qtr Ended Q4FY25 Rs in crores Year Ended ~IREDA ONCE IREDA ALWAYS IREDA (ll :Navratna CPS'E) Mar 31, Dec 31, Mar 31, Mar 31, Mar 31, vs %Change 2025 2024 2024 Q4FY24 2025 2024 Revenue from operations 190
Slide 13: Balance Sheet
Balance Sheet I ENERGY FOR EVER ~$}51 I Rs in crores ~IREDA ONCE /REDA ALWAYS /REDA Balance Sheet - Liabilities As at 31.03.2~ As at 31.12.2-4 As at 31.03.2-4 (;! :Navratna CIPS<E) Equity (a) Equitv Share Capital 2,688 2,688 2,688 (b) Other Eauitv 7,578 7,154 5,872 Financial Liabilities (a) Derivati
Slide 14: "5::J $~51 ~IREDA
ENERGY FOR EVER "5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA pt :Navratna C<PS<E,)
Slide 15: Summary Highlights | Consolidated
ENERGY FOR EVER E:;;J $~51 I Summary Highlights I Consolidated Rs in crores ~IREDA ONCE /REDA ALWAYS /REDA ~ :Navrat na C<PS'E) Year Ended Mar 31, 2025 Mar 31, 2024 % Change Revenue from operations 4964 36% Profit Before Tax 2104 1685 25% Profit after Tax 1698 1252 36%
Slide 16: Operational Performance
ENERGY FOR EVER ~$~51 I ~IREDA ONCE IREDA ALWAYS IREDA (JI :Na1Jratna CPS'E)
Slide 17: Lending profile | Composition of Outstanding Loans
ENERGY FOR EVER Lending profile I Composition of Outstanding Loans ~$~51 I Rs in crores ~IREDA ONCE /REDA ALWAYS /REDA ()I. Jfavratna CPS'E.) Mar 31, 2025 Mar 31, 2024 % Growth As on 31st March As on 31st Dec As on 31st March Sector 2025 2024 2024 SanctiQn 47453 37354 27% Public Disbursement 30168 2
Slide 18: Lending profile | Well diversified assets with a PAN India presence
ENERGY FOR EVER ~$~51 Lending profile I Well diversified assets with a PAN India I Presence with lending across 23 states and 4 UTs ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) •u• 1r-----------------, Himachal Pradesh Utta ra kh and I~ I__ 2_5_12_~1 1515 I •liill Punjab ~I 5_3_2__1_11 __.,_,
Slide 19: Borrowing profile | AAA Stable credit ratings
Borrowing profile I "AAA" Stable credit ratings have enabled ENERGY FOR EVER ~$~51 I access to cost-effective long-term sources of borrowing ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) Domestic Credit Ratings for Long Term Borrowings International Credit Rating S&P Global Ratings "AAA" "AAA"
Slide 20: Borrowing profile | Rs. 64740 cr. Outstanding Borrowings
ENERGY FOR EVER J3orrowing profile I Rs.64740 er. Outstanding Borrowings as on 31st Mar, 2025 ~$~51 I 40388 Domestic Borrowings 49361 - ~ 56213 Rs. 25200 er. Borrowings Raised during FY 24-25 ~IREDA - - - - - - - - - - - - - - - - - - - - ONCEIREDAALWAYS /REDA ()I. Jfavratna CPS'E.) Rs in crores 224
Slide 21: Asset Quality
ENERGY FOR EVER ~$°)51 l31REDA ONCE IREDA ALWAYS IREDA (./! J.favratna C<PS'E) Asset Quality
Slide 22: Improved Asset Quality with steady decline in NPA
ENERGY FOR EVER E:;;J $~51 I Improved Asset Quality with steady decline in NPA ~IREDA ONCE /REDA ALWAYS /REDA ~ :Navrat na C<PS'E) I Gross NPA (Rs in Crores) Net NPA ( Rs in Crores) .. 2442 8.77% 1866 1510 1035 1024 1021 5.61% 2.45% -0.99% 1.35% 31.03.2021 31.03.2022 31.03.2023 31.03.2024 31.12.2024
Slide 23: Shareholder Outlook
ENERGY FOR EVER '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA CJI- :Na'Vratna CPSP.)
Slide 24: Shareholding Pattern
[' - - - - - - - - - - - - - -Shareholding Pattern ] i'ii1il I - - - - - - - - -....!!!!!!:......____________________., SHAREHOLDER'S as on 31st Mar, 2025 President Of India (Gol) Through Secretary MNRE % of Holding 75.00% SHAREHOLDER'S as on 31st Dec, 2024 % of Holding ONCEIREDAALWAYSIREDA (.JI Jfa
Slide 25: Category of Shareholder
ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (.JI Jfavratna C<PS'E) CATEGORY OF SHAREHOLDER As at 31.03.2025 President of India 75.00% 75.00% 75.00% 75.00% 75.00% (GOI) Resident 21.44% 21.24% 21.33% 20.39% 21.33% Individuals Flis & FPls 1.75% 1.85% 2.02% 2.70% 1.36% Mutual Funds 0.23% 0.28%
Slide 26: Thank You
ENERGY FOR EVER ~$~51 I Investor Resources ~IREDA ONCE /REDA ALWAYS /REDA ()I. Jfavratna CPS'E.) Annual Report 9 https://www.irec:la.in/annual-reports Financial results 9 https://www.irecla.in/financial-results Join us: @ireda.in Investor Grievance 8 https://www.irecla.in/investor-grievance-officer
Indian Renewable Energy Development Agency — Q4 FY2025 Earnings Presentation on 6ix