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I ENERGY FOR EVER ~$~51 ~IREDA ONCE IREDA ALWAYS IREDA (J1.. :Navratna C<PS<E) Investor Presentation For the Quarter Ended June 30,2025 10th JULY 2025
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Q 1 Company at a glance Q 2 RE Financing Environment Q 3 Financial Highlights Q 4 Operational Performance Q 5 Asset Quality Q 6 Shareholder Outlook ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (./1. :Navratna CPS'F-)
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Company at a glance ENERGY FOR EVER ~$~51 ~IREDA
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IREDA enters the elite list of PSUs for issuing 54 EC bonds. CBDT has notified bonds redeemable after five years and issued by the IREDA, as 'long-term specified asset' for the purposes of the section 54EC of Income tax Act. Investors making capital gains on the sale of immovable property, can invest in 54EC bonds to save on long-term capital gains. Benefits to IREDA Benefits to Investors ~ IREDA can now issue bonds at a lower rate of ~ Investors can benefit from the tax exemption interest thereby optimizing its cost of borrowing. enjoyed by these instruments. ~ Boost the growth of RE development in India. ~ Investors can invest up to ~ 50 Lakhs in a financial year in these bonds. ~ Brand building of IREDA pan India. ~ The bonds have a lock-in of 5 years.
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I Introduction i-------------------------------------------------. !• Over 38 years of experience !• Comprehensive suite of I ! financial products and related i services for RE Sector I !• Infrastructure Finance I Company status by RBI !• Systemically Important Non ! Deposit Taking NBFC I !• Incorporated Wholly Owned ! Subsidiary Company in IFSC - ! GIFT City. I I I I I l __________________________________________________ _ r ;-75o/~c;;r;e-ci-t>y-Go;ernment ___ _ ! of India I I I I I !· Navratna & 'Schedule A' I I i CPSE. i I I I 1• Implementation/ Nodal agency for several prominent MNRE schemes. ~---Hi9t1e5t ________ ooffie51ic ________ creciitl Ratings of 'AM/Stable '. S&Pi Global Ratings Limited assigned! 'BBB-' long-term and 'A-3' short- 1 term with Outlook 'Stable',. • Consistently rated 'Excellent' as per MOU with MNRE since FY21 • Recognized as one of the Top 5 Wealth Creators in India for the period Nov'23-Nov'24, securing the prestigious 2nd position by the leading business daily. ENERGY FOR EVER '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) : Pr~~j~i onai--B-~~i~e-ss--Pe~f~-~man-~e-1 Report upto 3Q1h Jun, 25 submitted on the same day. • IREDA Lauds CMA Leadership at 62nd National Convention • CMD was conferred with the prestigious awarded 'CMA ICON 2025' award by The Institute of Cost Accountants of India. • D(F) was felicitated with a Certificate of Appreciation by The Institute of Cost Accountants of • ___ JD_~!~-------------------------------------------------------
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Uourney and key milestones - 1987 - Established as a dedicated Financial Institution under erstwhile Dept of Non-Conventional Energy Sources, Ministry of Energy, GOI 2023 The Reserve Bank of India has granted Infrastructure Finance Company status 2024 GOI Upgrades IREDA to 'Schedule A'CPSE. Remarkable stock market debut. 1996 Notified as Public Financial Institution under Companies Act 2022 Equity Infusion of Rs. 1500 Crore by GOI. - 2005 ISO Certification by Bureau of Indian Standards (BIS) 2018 Issued Green Masala Bond 2025 Granted Navratna Status by DPE Certificate of Registration (COR) for subsidiary at IFSC GIFT City (Gujarat) Gold in Corporate Governance & CSR at PSE Awards 2024 CBIPAward to IREDA & CBIP Individual Award to CMD, IREDA Launched its first-ever issue of Perpetual Bonds for an amount of f1,247 crores. Raised f910.37 Crore through Privately Placed Tier-II Bonds - 2010 ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (.II J.favratna CPS'E) Upgraded from 'Schedule C' to 'Schedule B' CPSE 2015 Conferred "Mini Ratna" status . Set up 50MW Solar project in Kera la 2026 • Raised JPY 26 Billion ECB Facility from SBI Tokyo. • Successfully raised ,2,005.90 crore through a Qualified Institutional Placement (QIP). • Received approval from Ministry of Finance for issuing 54EC Bonds.
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I ENERGY FOR EVER Presence across renewable energy sectors with comprehensive suite of financial products & services ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (./1. :Navratna CPS'F-) Traditional RE technologies Emerging technologies Solar Battery Storage System Hydro Electric Vehicle & Charging Infra Transmission Green Hydrogen & Derivatives Biomass & Cogeneration Pumped Storage Hydro Wind Smart Meters Energy Efficiency & Conservation RE Component Manufacturing Ethanol Waste-to-energy Products offered from conceptualization to commissioning Project Term Loans Refinancing of loans Guarantee assistance scheme to RE suppliers, developers, manufacturers & EPC contractors for bid security Loans against securitization of future cashflows Top-up loans Loan syndication Letter of comfort/Letter of undertaking W Payment on order instruments
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India RE financing landscape ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (jl :Navratna CIPS'E)
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I India RE financing environment I Trends & Growth Drivers India RE installed capacity in GW1 250 s: 200 CD .5 ~ '(3 150 ro a. ro () LlJ 1 ()() a:: 11 10 52 50 51 50 52 46 51 43 40 50 38 39 0 FY2020 FY2021 FY2022 FY2023 FY2024 FY 2025 FY 2026 (upto May25) - solarPV - wind - Hydropower - eioenergy -Total Source : 1. Central Electrjcjty Authorj"ty ; 2. Mjnjstcy of New and Renewable Energy: @ I Outlook for India's RE sector is I positive, with major policy announcements & ambitious targets 227 GW2 500 GW2 • ... India attained remarkable non-fossil fuel capacity ... target of non-fossil fuel-based energy by 2030
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ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA ()l J.favratna CPS'E,)
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I ENERGY FOR EVER Summary Highlights I Qtr Ended 30.06.25 '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) 1 As on date figures Rs in crores For Qtr ended Jun 30, Mar 31, Jun 30, 2025 2025 2024 Year ended Mar31, 2025 Ql FY24-25 VS Ql FY23-24 --~!!~-~~~- !~~~- ~e-~~-~~~~-~~--------+------ J~~z ______ ~ _____ J _ ?Q~-----~-------- 1 -~1_9-_______ ~ _______ §?~~------ -~ - -- -- -- --- ~~~---- - ----- : : : : i - ii:;:~~~=:-------------------------t-------~71;1-------1------ ~~~~-----t--- - ---- !~!--------t---- ~~:~ ----1---- ---~::- ------- : :~!~~~ : ~~:!~~! : !~~::::::::::::::::::::::::r:::::::~9-~::::::::r::::::: ~~9-:::::J:::::::: ~?~:::::::J::: : ::: ii9-~:::::: :r :: :: : i~~j:~:: :: :::: Profit after Tax ! 247 i 502 i 384 i 1699 i (36)% ' Gross NPA1 3302 1866 1385 1866 ' I I I I - -- - -- - - - - - - - - - - - -- - -- - -- - -- - -- - - - - - - - - - - - -- - -- - -- - -- - -- - - - - - -r- --- --- --- - -- - - - - - - - -- - ---1-- - -- - -- - - - - - - - - - - - -- - -- -1-- - -- - -- - - - - - - - - - - - -- - -- - -- - -- - -- - - - - - - - - - - - -- --- - -- - --i- -- - - - - --- --- --- --- - - - - - - - -- - I I I I I I I I GrossNPA (%) i 4.13% i 2.45% i 2.19% 2.45% i 88.58% ' NetNPA 1 , 1615 1021 593 1021 : --- N~NPA- (%) ----------------------------- - ----------r------2~-06%-----r----1- j5-%-----r----0~ 95_% _______________ 1 ~-3s%------r--- i1-5~-a4% ____ _ Outstanding Loan book 1 , 79941 i 76282 i 63207 76282 i 26% --N;~-~~~h~-----------------------------------------r----1-2402----r---,- 0266 ___ T ______ 91_1_0 ______________ 1_0_266 _____ T ________ 36% _________ _ 2 Operating profit is Profit Before tax, Depreciation & Impairment on Financial Instruments. I I I I I
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Summary Highlights I Key Financial Ratios --~ Key Financial Ratios: As at 30.06.2025 As at As at 30.06.2024 31.03.2025 Yield on Loan Assets (%) (Gross) 9.95% 10.01% 10.03% Cost of borrowings (%) 7.40% 7.78% 7.61% ..................................................................................... ............ ....................... ............ ............. ............ ....... Interest Spread (%) 2.55% 2.23% 2.42% ..... ......... ... .... ............... ....... .. ........................ .... .. .... ... ...... .. ....... .... ........ .... ............ ... ......... . ............... ... Net Interest Margin (%) (Annualised) 3.60% 3.29% 3.27% .............. .............................. ............................... ................ ....................... ............ ................................. Debt Equity Ratio 5.35 5.83 6.31 ............................................................................. .................... ....................... ............ ............. ............ ....... Eaming Per Share (in Rs) 0.91 1.43 6.31 ........................................................... ..................... ....... Provision Coverage Ratio(%) 51.10% 57.19% 45.31% ........................................................... ........................................... ..................... ... ............... ..................................... Revenue Per Employee (in Rs Cr) 10.04 8.83 40.37 "" Calculated on the basis of weighted average outstanding borrowings . ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (.II J.favratna CPS'E)
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Financial Information I Qtr Ended 30.06.2025 I For Qtr Ended Particulars Jun 30, Mar 31, Jun 30, 2025 2025 2024 Revenue from operations 1947 1904 151 o Other Income* 12 11 o Total Income 1960 1915 1511 Finance cost 1218 1104 975 Employee Benefit Expenses 21 21 20 Misc expenses 18 14 18 Net translation/ transaction exchange loss (gain) 16 (1) 37 CSR 8 6 6 Operating Profit (Before Dep, Impairment & Tax) 677 770 454 Impairment on Financial Instrument 363 129 (30) Depreciation 10 11 9 Profit Before Tax 305 630 476 taxexpen.se .. (net)············································· ...................................................... ............................ .................................................. ..................................... .......... .......................................... 58 128 92 Profit After Tax 247 502 384 *On account of Interest on Income Tax Refund ..... ENERGY FOR EVER '5::J $~51 ~IREDA Rs in er ores oNcE /REDA ALwAYs /REDA ()! :Navratna CPS'E) Year ended Ql FY24-25 Mar 31, vs 2025 Ql FY23-24 6742 29% 12 6755 30% 4141 25% 81 7% 86 1% 42 -56% 25 32% 2380 49% 237 39 15% 2104 -36% ................................................... 405 -37% 1699 -36%
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I Balance Sheet I Balance Sheet - Liabilities As at 30.06.25 Equity (a) Equity Share Capital 2,809 (b) Other Equity 9,593 Financial Liabilities (a) Derivative financial instruments 16 (b) Trade Payables 4 (c) Borrowings 66,398 (d) Other Financial Liabilities 2, 143 Non-Financial Liabilities (a) Provisions 743 (b) Other non-financial Liabilities 1,821 Total Liabilities 83,527 Balance Sheet - Assets As at 30.06.25 Financial Assets (a1) Cash and Bank 261 (a2) Deposit under MNRE schemes 1,008 (b) Derivative financial instruments 602 (c) Loans 78, 149 (d) Investments 782 (e) Other Financial assets 30 Non-financial Assets (a) Fixed Assets 343 (b) Other non-Financial Assets 2,353 Total Assets 83,527 As at 30.06.24 2,688 6,422 289 2 53,095 1,486 1,003 1,844 66,829 As at 30.06.24 255 536 477 62,342 665 29 358 2, 168 66,829 Rs in crores As at 31.03.25 2,688 7,578 23 9 64,740 1,638 1,217 1,840 79,734 As at 31.03.25 30 641 488 75,320 626 35 349 2,245 79,734 ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (J1 :Navratna C<PS'E)
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ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA ()l J.favratna CPS'E,)
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I Summary Highlights I Consolidated Rs in crores June 30, 2025 Mar 31, 2025 Revenue from operations 1948 6743 Profit Before Tax 305 2104 Profit after Tax 247 1698 ENERGY FOR EVER '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E)
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I ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (jl :Navratna CIPS'E)
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I Lending profile I Composition of Outstanding Loans Rs in crores ENERGY FOR EVER ~$~51 ~IREDA Jun 30, 2025 Jun 30, 2024 % Growth Sanction 11,740 9,136 29% Disbursement 6,981 5,326 31% Loan Outstandina 79,941 63,207 27% Sector wise split of outstanding loans as on 30th June, 2025 Public Private Sector Total Solar Thermal I SPV Wind Hydro Power Manufacturing Hybrid Wind & Solar Transmission/ Emerging Technology (Smart Meters, Green Hydrogen, Energy Access) Ethanol Biomass Power & Cogenration Electric Vehicle (EV) Waste to energy Short Term & Medium Loans to private Loan facility to state utilities-GENCO Loan facility to State Utilities - Others Others (GECL, NCEF, Briquetting,Gasificatio,EE) Total As on 30th June 2025 As on 30th June 2024 79941 100% 63207 100% ONCE /REDA ALWAYS /REDA (./1. :Navratna CPS'F-) As on 31st March 2025 76282 100% 79941 100% 63207 100% 76282 100%
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I Lending profile I Well diversified assets with a PAN India Presence with lending across 23 states and 4 UTs States with more than 5% share in Gross Loan Portfolio Loans outstanding as of June 3Q1h 2025 {in INR crores) Percentage of Gross Loan Portfolio of Rs 79,941 crores Himachal Pradesh l l • l • Punjab ~11 __ 5_5_3 __ 1_11 __ .K_}_·gt+_. ~~1 ----------~ Rajasthan 12,454 I 'fid·• I------' Madhya Pradesh 11 4305 I Mjpgt+ 1----- ---=""'5 Gujarat l 5885 1•1a Maharashtra 4778 1•1i:t11 Karnataka 11,446 I l~EEll Ker ala 11 lll·H• I 404 Above map may not be an accurate representation of geography of India Uttarakhand 1 1 1500 Uttar Pradesh 11 1127 Sikkim 11 1848 Odisha 11 1787 Telangana 11 8000 ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (./1. :Nav ratna CPS'F-) 1•n•I 1•111111 1•11•1 1 •11~ 1 lll·Hfl I Andhra Pradesh Tamil Nadu 6546 IM:f{i+ Others' I ~1 __ 7_6_3_7 _~1 •1• 1 1. Others represent projects under multiple state category and exposure in Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Jammu & Kashmir, Jharkhand, Ladakh , Manipur, Puducherry and West Bengal
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I Borrowing profile I "AAA" Stable credit ratings have enabled access to cost-effective long-term sources of borrowing Domestic Credit Ratings for Long Term Borrowings "AAA" Stable "AAA" Stable Acuite~ RATINGS & RESEARCH "AAA" Stable "AAA" Stable ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (./1. :Navratna CPS'F-) International Credit Rating S&PGlobal Ratings 'BBB-' Long-Term Stable 'A-3' Short-Term Stable
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J3orrowing profile I Rs.66398 er. Outstanding Borrowings as on 3Qth Jun, 2025 ENERGY FOR EVER '5::J $~51 ~IREDA Domestic Borrowings 56213 56318 24962 44% 24920 44% 23572 53% 56% 31399 56% 20861 47% 31251 As on 30.06.2024 As on 31.03.2025 As on 30.06.2025 Bonds • Bank Loans Foreign Borrowings 8661 0080 2456 24% 2021 23% 2360 28% 77% 72% 76% 6641 6167 7624 As on 30.06.2024 As on 31.03.2025 As on 30.06.2025 Hedged • Un-Hedged I Raised JPY 26 Billion ECB from SBI Tokyo (Rs 1553crore duringQ1/25-26). ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) Rs. 5903cr. Borrowings Raised during Q1 FY 25-26 Rs in crores Borrowings Outstanding % As on As on As on 30.06.2025 30.06.2024 31.03.2025 56318 44434 56213 Domestic Borrowings 85% 84% 87% 10080 8661 8527 Foreign Borrowings 15% 16% 13% As on As on As on 30.06.2025 30.06.2024 31.03.2025 Domestic Borrowings (A) Bonds 31399 20861 31251 Loans from Bank/ Fii I CC Limit 24920 23572 24962 Sub-Total (A) 56318 44434 56213 Foreign Borrowings (B) Hedged 7624 6641 6167 Un-Hedged 2456 2021 2360 Sub-Total (B) 10080 8661 8527 Total 66398 53095 64740
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ENERGY FOR EVER '5::J $~51 ~IREDA
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I 1768 ....Jli.... 5.21% Gross NPA ( Rs in Crores) 1866 Asset Quality 3302 • 783* 2519 1035 Net NPA (Rs in Crores) 1021 ENERGY FOR EVER '5::J $~51 ~IREDA ONCE /REDA ALWAYS /REDA ()! :Navratna CPS'E) I 1615 • 311* 1304 2.06% FY 21-22 FY 22-23 FY 23-24 Ql FY24-25 FY24-25 Ql FY2S-26 FY 21-22 FY 22-23 FY 23-24 Ql FY24-25 FY24-25 Ql FY25-26 - Gross NPA (in Cr) - Gross NPA (%) - Net NPA (In Cr) ~Net NPA (%) •Relates to FY 20~20 for one borower shifted from stage fl to NPA due to AP High Court Order dated 02.07.2025 Uor details refer SEBI notes 5}
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ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (Jt J.favratna CPS'E)
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[..___ ______ _____:S=--=h--=--a=--r--=e_h_o_l _d_in____.!g~P_a_tt_e_r_n _______ ___,) 00~~~i~ /I. :Navratna C<PS'E) I SHAREHOLDER'S as on 3Qth Jun, 2025 % of Holding SHAREHOLDER'S as on 31st Mar, 2025 % of Holding President Of India Through Secretary Mnre 71.76o/. President Of India (Gol) Through Secretary MNRE 75.00% Resident Individuals 21.32o/. Resident Individuals 21.44% Life Insurance Corporation of India 2.21 o/. Vanguard Total International Stock Index Fund 0.35% NSE Clearing Limited Vanguard Emerging Markets Stock Index Fund 0.33% 0.60o/. anguard Total International Stock Index Fund 0.34o/. Government Pension Fund Global 0.28% anguard Emerging Markets Stock Index Fund 0.32o/. Vanguard Fiduciary Trust Company Institutional 0.18% Government Pension Fund Global Total International Stock Market Index Trust II 0.30o/. HDFC Mutual Fund - HDFC Multi Cap Fund 0.10% anguard Fiduciary Trust Company Institutional Canada Pension Plan Investment Board 0.09% otal International Stock Market Index Trust II 0.18o/. 0.09% Kotak Equity Arbitrage Fund ICICI Prudential Life Insurance Company Limited 0.16o/. ociete Generale - Odi NSE Clearing Limited 0.08% 0.16o/. HRTI Private Limited 0.06% Morgan Stanley Asia {Singapore) Pte. Odi 0.15o/. American Century ETF Trust-Avantis Emerging 0.06% HDFC Mutual Fund - HDFC Multi Cap Fund 0.09° Markets Equity ETF Others 2.41 o/. Others 1.94% 100.00o/. Total 100%
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President of India 71.76% 75.00% (GOI) Resident Individuals 21.32% 21.44% Flis & FPls 2.33% 1.75% Mutual Funds 2.04% 0.23% Insurance Companies 0.54% 0.27% Non-Resident 0.43% 0.43% Individuals Others 1.58% 0.88% 100.00% 100.00% 75.00% 75.00% 20.39% 21.33% 2.70% 1.36% 0.24% 0.53% 0.18% 0.40% 0.42% 0.40% 1.07% 0.98% 100.00% 100.00% ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (/l. :Navratna C<PS'E) CATEGORY OF SHAREHOLDER As at 30.06.2025 President of India (GOI) 71.76%
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I Join us: @ireda.in www.ireda.in Investor Resources Annual Report Financial results 9 https://www.ireda.in/annual-reports 9 https://www.ireda.in/financial-results ENERGY FOR EVER ~$~51 ~IREDA ONCE /REDA ALWAYS /REDA (./1. :Navratna CPS'F-) Investor Grievance 8 https://www. ired a.in/investor-grievance-officer @ Contactus 8 https://www.ireda.in/contact Thank You