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03rd August 2026 Investor Presentation For the quarter ended 30.06.2026
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13 Table of Contents IREDA at a glance RE Financing Landscape Financial Highlights Lending Profile Borrowing Profile Asset Quality Shareholders Outlook IREDAs ESG Journey
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1 Company Overview1 2 Journey & Key Milestone2 3 Financial Products & Services3 IREDA at a glance
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8 • Over 39 years of experience • Comprehensive suite of financial products & services for RE sector • Infrastructure Finance Company status (RBI) • Middle Layer Non-Deposit Taking NBFC (RBI) India’sLargest Pure-play Green Financing NBFC • 71.76% owned by Government of India • Awarded Navratna status by DPE • Implementation/Nodal agency for several prominent MNRE schemes Ministry of New & Renewable Energy’s Dedicated Financing Entity • AAA (Stable) domestic credit rating from ICRA, CARE, India Ratings, Brickwork,Acuite, etc. • BBB (Stable) international rating by S&P Global • Rated ‘Excellent’as per MoU with MNRE for FY21,22,23, 24 & 25 Performance Track Record Committed to High Standards of Corporate Governance • Awarded Data Centre Excellence Award 2026 • Awarded Silver at the Green Urja Awards for Excellence in Women in Green Energy & Energy Efficiency. About us|Company Overview • Regular interaction with borrowers through Stakeholders’ Meet. • Initiated Dividend Distribution Post Listing.
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1987 1996 2005 20222023 Established as a dedicated Financial Institution under erstwhile Dept of Non-Conventional Energy Sources, Ministry of Energy, GOI Notified as Public Financial Institution under Companies Act ISO Certification by Bureau of Indian Standards (BIS) 2010 Upgraded from 'Schedule C' to 'Schedule B' CPSE 2015 Conferred "Mini Ratna" status. Set up 50 MW Solar Power Project in Kasargod , Kerala Equity Infusion of ₹ 1500 Crores by GOI. Upgraded to 'Schedule A' CPSE. Remarkable stock market debut (IPO). 2018 Issued Green Masala Bond Granted Navratna Status by DPE Gold in Corporate Governance & CSR at PSE Awards 2024 CBIP Award to IREDA Launched its first-ever issue of Perpetual Debt (PDI) of ₹ 1,247 Crores. 2024 Granted Infrastructure Finance Company (IFC) Status by RBI 2025 2026 Raised ₹ 2,006 Crores through Qualified Institutional Placement (QIP). Received approval from Ministry of Finance for issuing 54EC Bonds 2027 IREDA’s IFSC arm IGGEFIL secured ‘BBB+/Stable’ International Credit Rating Facility Agreement with SMBC to raise ECB for JPY 28 Billion About us |Journey & Key milestones
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About us | Financial Products & Services 10 Products offered from conceptualization to commissioning Biomass & Cogeneration Waste to Energy Energy Efficiency & Conservation Ethanol RE Equipment Manufacturing Pumped Storage Hydro Project Term Loans Refinancing of Loans Loan Syndication Top-up loans Payment on order instruments Loans against Securitization of future cashflows Letter of comfort/Letter of undertaking Guarantee assistance scheme to RE suppliers, developers, manufacturing & EPC contractors for bid security Smart Meters Traditional RE technologies Solar energy Wind energy Hydropower Transmission Emerging RE technologies Battery Energy Storage System Electric Vehicle & Charging Infra Green Hydrogen & Derivatives Project Specific Loan
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13 RE Financing Landscape
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RE financing Landscape | Trends & Growth Drivers Outlook for India’s RE sector is positive, with major policy announcements & ambitious targets India RE installed capacity in GW1 … target of non -fossil fuel-based energy by 2030 500 GW2 Source: 1. Central Electricity Authority ; 2. Ministry of New and Renewable Energy ; India attained remarkable non-fossil fuel capacity till 30.06.2026 297 GW2 36 41 54 67 82 106 150 162 38 39 40 43 46 50 56 57 50 51 52 52 52 53 57 57 10 11 11 11 11 12 12 12 134 142 157 172 191 220 275 289 0 50 100 150 200 250 300 350 0 50 100 150 200 250 300 350 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 till June Solar PV Wind Hydropower Bioenergy Total RE Capacity in GW Excludes Nuclear
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1 Financial Highlights - Standalone1 2 Key Financial Ratios2 3 Statement of Profit & Loss3 4 Statement of Assets & Liabilities4 5 Financial Highlights - Consolidated5 Financial Highlights
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Financial Highlights | Standalone Profit and Loss Asset Quality Assets & Net Worth 1 As on date figures. 2 Operating profit is Profit Before Tax , Depreciation & Impairment on Financial Instruments. Rs in Crores 2 Year ended 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26 Revenue from operations 2,248 2,175 1,947 8,309 15% 3% Interest Expense 1,341 1,241 1,218 4,905 10% 8% Operating Profit 841 847 677 3,158 24% -1% Profit Before Tax 413 619 305 2,337 35% -33% Profit after Tax 338 493 247 1,873 37% -32% Gross NPA1 3,568 3,245 3,302 3,245 8% 10% Gross NPA (%) 3.76% 3.49% 4.13% 3.49% Net NPA1 1,134 1,172 1,615 1,172 -30% -3% Net NPA (%) 1.23% 1.29% 2.06% 1.29% Outstanding Loan book1 94,936 93,069 79,941 93,069 19% 2% Net worth1 14,133 13,781 12,402 13,781 14% 3% Q1FY27 vs Q1FY26 Particulars Quarter ended Q1FY27 vs Q4FY26
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Key Financial RatiosFinancial Highlights | Key Financial Ratios *Calculated on the basis of weighted average outstanding borrowings. **Not Annualized Particulars As on 30.06.26 As on 31.03.26 As on 30.06.25 Yield on Loan Assets (%) (Gross) 9.46% 9.54% 9.95% Cost of Borrowings (%)* 7.12% 7.05% 7.40% Interest Spread (%) 2.34% 2.49% 2.55% Net Interest Margin (%) (Annualised) 3.75% 3.65% 3.60% Debt Equity Ratio 5.59 5.65 5.35 Earning Per Share (in ₹) 1.20** 6.73 0.91** Provision Coverage Ratio (%) 68.22% 63.88% 51.10% CRAR (%) 20.30% 20.59% 19.58%
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Financial Highlights | Statement of Profit & Loss Rs in Crores
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Financial Highlights | Statement of Assets & Liabilities Rs in Crores Balance Sheet - Liabilities 30.06.26 31.03.26 30.06.25 Equity (a) Equity Share Capital 2809 2809 2809 (b) Other Equity 11323 10972 9593 Financial Liabilities (a) Derivative financial instruments 154 47 16 (b) Trade Payables 2 5 4 (c) Borrowings 79002 77846 66398 (d) Other Financial Liabilities 1843 1730 1853 Non-Financial Liabilities (a) Provisions 181 197 186 (b) Other non-financial liabilities 161 196 168 Total Liabilities 95476 93802 81028 Balance Sheet - Assets 30.06.26 31.03.26 30.06.25 Financial Assets (a) Cash and Cash Equivalents 295 15 261 (b) Bank Balance other than (a) above 565 703 704 (c) Derivative financial instruments 797 997 602 (d) Loans 91,666 90,197 77,592 (e) Investments 979 910 782 (f) Other Financial assets 34 29 30 Non-financial Assets (a) Fixed Assets 314 320 343 (b) Other non-Financial Assets 826 632 714 Total Assets 95476 93802 81028
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Financial Highlights | Consolidated Rs in Crores Particulars For Quarter ended 30-Jun-26 For Year ended 31-Mar-26 For Quarter ended 30-Jun-25 Revenue from operations 2249 8310 1948 Profit Before Tax 414 2338 305 Profit after Tax 339 1874 247
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1 Composition of Outstanding Loans1 2 Pan India Presence – Loan Assets2 Lending Profile
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Lending Profile | Composition of Outstanding Loans Sector-Wise Loan Outstanding 30 June 2026 26% Loan facility to state utilities, 19% Wind Power, 11% Manufacturing, 11% Hydro Power, 8% Ethanol, 8% Hybrid Wind & Solar, 6% Smart Meters, 2% Short Term & Medium Loans to Private, 2% Misc, 6% ₹ in Crores Solar Sector Private 72,756 77% 67,910 73% 57,779 72% Public 22,180 23% 25,159 27% 22,163 28% Total 94,936 93,069 79941 Solar Energy 24,483 26% 23,851 26% 18740 23% Loan facility to state utilities 18,416 19% 21,182 23% 19199 24% Wind Power 10,764 11% 10,413 11% 10328 13% Manufacturing 10,756 11% 8,984 10% 5389 7% Hydro Power 8,044 8% 8,113 9% 8425 11% Ethanol 7,259 8% 7,469 8% 6441 8% Hybrid Wind & Solar 5,416 6% 3,712 4% 2844 4% Smart Meters 1,990 2% 1,724 2% 1095 1% Short Term & Medium Loans to Private 1,680 2% 1,801 2% 1933 2% Biomass Power & Cogeneration 1,233 1% 1,267 1% 1426 2% Emerging Technology (BESS) 907 1% 611 1% 0 0% Biomass 813 1% 764 1% 610 1% Loans to NBFCs 730 1% 770 1% 990 1% Green Hydrogen and its derivatives 719 1% 670 1% 712 1% Electric Vehicle (EV) 690 1% 681 1% 663 1% Waste to energy 531 1% 536 1% 550 1% Miscellaneous (Transmission/ GECL/ NCEF/ EE & others) 504 1% 521 1% 595 1% Total 94,936 100% 93,069 100% 79,941 100% As on 31-03-2026 As on 30-06-2026 As on 30-06-2025 Particulars For the quarter 30-06-2026 For the quarter 30-06-2025 Sanctions 3,380 11,740 Disbursements 6,556 6,980
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Lending Profile | Well diversified assets & PAN India Presence 1. Others represent projects under multiple state category and exposure in Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Haryana, Jammu & Kashmir, Jharkhand, Ladakh, Manipur, Punjab ,Uttarakhand , Kerala, Puducherry and West Bengal 2,447 2.58% 14,890 15.68% 5,546 5.84% 8,680 9.14% 6,449 6.79% 9,712 10.23% 2,323 2.45% 1,732 1.82% 2,090 2.20% 10,632 11.20% 10,898 11.48% 8,562 9.02% Rajasthan Madhya Pradesh Gujarat Maharashtra Karnataka Uttar Pradesh Sikkim Odisha Telangana Andhra Pradesh Tamil Nadu Others¹ 10,975 11.56% Loans outstanding as of June 30 2026 (in INR crores) Percentage of Gross Loan Portfolio of ₹ 94,936 crores . States with more than 5% share in Gross Loan Portfolio Above map may not be an accurate representation of geography of India Himachal Pradesh
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1 Credit Ratings1 2 Outstanding Borrowings2 Borrowing Profile
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Borrowing Profile | Credit Ratings Domestic Credit Ratings for Long Term Borrowings “AAA” Stable “AAA” Stable “AAA” Stable “AAA” Stable 'A-2’ Short-Term Stable 'BBB’ Long-Term Stable International Credit Rating “AAA” Stable
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Borrowing Profile | Outstanding Borrowings ₹ 4,991 Cr Borrowings Raised during Q1 FY 27 Rs in crores | Domestic Borrowing Foreign Borrowing 83 % of Foreign Borrowings are Hedged ₹ 79,002 O/s Borrowings as on 30 June 2026 Particulars 30.06.2026 31.03.2026 30.06.2025 Bonds 33,179 31,679 32,644 Loans from Bank/ FII / CC Limit & others 34,494 36,153 23,674 Sub-Total (A) 67,673 67,832 56,318 % Share 86% 87% 85% Hedged 9,389 7,679 7,624 Un-Hedged 1,940 2,334 2,456 Sub-Total (B) 11,329 10,014 10,080 % Share 14% 13% 15% Total 79,002 77,846 66,398 Domestic Borrowings (A) Foreign Borrowings (B) ₹ in Crores 2456 2334 1940 7624 7679 9389 24% 23% 17% 76% 77% 83% 0% 20% 40% 60% 80% 100% -1000 1000 3000 5000 7000 9000 11000 30.06.2025 31.03.2026 30.06.2026 Un-Hedged Hedged 113291001410080 23674 36153 34494 32644 31679 33179 42% 53% 51% 58% 47% 49% 56318 67832 67673 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% -2000 8000 18000 28000 38000 48000 58000 68000 Bank Loans Bonds 30.06.2025 31.03.2026 30.06.2026
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1 Gross NPA & Net NPA1 2 Movement of NPA2 Asset Quality
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Asset Quality| Gross NPA & Net NPA Gross NPA ( Rs in Crores) Net NPA ( Rs in Crores) 1513 1411 1866 3245 35683.21% 2.36% 2.45% 3.49% 3.76% -12.00% 9.00% 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 FY 22-23 FY 23-24 FY24-25 FY25-26 Q1FY 27 Gross NPA (in Cr) Gross NPA (%) 768 581 1021 1172 1134 1.66% 0.99% 1.35% 1.29% 1.23% -6.00% 6.00% 0 500 1000 1500 2000 2500 3000 FY 22-23 FY 23-24 FY24-25 FY25-26 Q1FY 27 Net NPA (in Cr) * Relates to FY 2019-20 for one borrower shifted from stage II to NPA due to AP High Court Order dated 02.07.2025 671* 145* 783* 314*
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Asset Quality| Movement of NPAs ₹ in Crores a) Opening Balance 3,245 1,866 1,866 b) Additions during the period 330 1,607 1,475 c) Reductions during the period 7 228 39 d) Closing balance: NPAs (Gross) 3,568 3,245 3,302 Less: Provision for Impairment 2,434 2,073 1,688 Closing balance : NPAs (Net) 1,134 1,172 1,615 3.76% 3.49% 4.13% 1.23% 1.29% 2.06% For Q1FY27 For FY26 For Q1FY26 Gross NPA(%) Net NPA (%) Particulars
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1 Category of Shareholders 1 2 Shareholding Pattern2 Shareholder’s Outlook
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Shareholder’s Outlook|Category of Shareholders CATEGORY OF SHAREHOLDER As on 30.06.2026 President of India (GOI) 71.76% Resident Individuals 21.98% Insurance Companies 2.28% FIIs & FPIs 2.48% Mutual Funds 0.11% Non Resident Individuals 0.47% Others 0.92% 30.06.26 31.03.26 30.06.25 President of India (GOI) 71.76% 71.76% 71.76% Resident Individuals 21.98% 22.25% 21.32% Insurance Companies 2.28% 2.30% 2.33% FIIs & FPIs 2.48% 2.14% 2.04% Mutual Funds 0.11% 0.14% 0.54% Non Resident Individuals 0.47% 0.46% 0.43% Others 0.92% 0.95% 1.58% Total 100.00% 100.00% 100.00% SHAREHOLDERS % of HOLDING
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Shareholder’s Outlook|Shareholding Pattern SHAREHOLDER'S NAME % of holding President Of India Through Secretary MNRE 71.76% Resident Individuals 21.98% Life Insurance Corporation Of India 2.21% Vanguard Total International Stock Index Fund 0.41% Vanguard Emerging Markets Stock Index Fund 0.39% Vanguard Fiduciary Trust Company 0.21% Government Pension Fund Global 0.18% Ishares Core Msci Emerging Markets Etf 0.15% Canada Pension Plan Investment Board 0.12% Nse Clearing Limited 0.12% Emerging Markets Small Capitalization Equity 0.10% Ishares Core Msci Em Imi Ucits Etf 0.09% Others 2.28% Total 100.00% SHAREHOLDER'S NAME % of holding President Of India Through Secretary MNRE 71.76% Resident Individuals 22.25% Life Insurance Corporation Of India 2.21% Vanguard Total International Stock Index Fund 0.41% Vanguard Emerging Markets Stock Index Fund 0.39% Government Pension Fund Global 0.21% Vanguard Fiduciary Trust Company Institutional 0.20% Bnp Paribas Financial Markets - Odi 0.19% Nse Clearing Limited 0.13% Canada Pension Plan Investment Board 0.11% Vanguard Ftse All-World Ex-Us Index Fund, A 0.06% American Century Etf Trust-Avantis Emerging Markets Equity Etf 0.05% Others 2.03% Total 100.00% As on 30.06.2026 As on 31.03.2026
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1 Introduction1 2 ESG Initiatives2 3 ESG Scores and Ratings 3 IREDAs ESG Journey
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2023–2024 First BRSR Submitted as required for Top 1000 listed entities. 2024–2025 Second BRSR with third party Reasonable Assurance as IREDA ranked158th among top 250 listed entities. 2025–2026 Third BRSR with reasonable assurance (Under Approval) and First sustainability report (Under Finalization) ESG POLICY ADOPTED ESG AWARENESS SESSIONS CONDUCTED FOR BoDs, Employees and Value Chain Partners 2026–2027 Fourth BRSR with reasonable assurance and Second sustainability report (Planned) IREDAs ESG Journey |Introduction
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3rd Environment & Social Management Policy: “IREDA is committed for the development and implementation of projects that are environmentally and socially sustainable. As an environmentally informed and socially responsible financial institution, IREDA endeavors to avoid/minimize/mitigate adverse environmental and social impacts, if any.” Environment & Social (E&S) screening of all projects covering impact on environmental, social and indigenous people. Categorisation of projects based on impact assessment. ESG Framework: Sole pure-play green financier in India and fully compliant with SEBI’s ESG disclosure norms. BRSR reporting with reasonable assurance from independent agency. IREDA framed and adopted a comprehensive ESG Policy (wef 25.03.2026), duly approved by BoDs. Conducted targeted ESG Awareness Sessions for BoDs, KMPs, Employees, and Value Chain Partners. IREDAs ESG Journey | ESG Initiatives
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• All scores are measured on a 0–100 scale. IREDAs ESG Journey | ESG Scores & Ratings FY 24-25
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Investor Resources Annual Report Financial results https://www.ireda.in/annual-reports https://www.ireda.in/financial-results Investor Grievance https://www.ireda.in/investor-grievance- officer Contact us https://www.ireda.in/contact Join us: @ireda.in www.ireda.in Thank You
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Indian Renewable Energy Development Agency Limited CIN : L65100DL1987GOI027265 Registered Office 1st Floor, India Habitat Centre, Core-4A, Lodhi Rd, East Court, Lodi Colony New Delhi 110003 IREDA Business Centre NBCC Office Complex, Office Block No. ll Plate B, 7th Floor, East Kidwai Nagar New Delhi 110023 Corporate Office 3rd Floor, August Kranti Bhawan, Bhikaji Cama Place, New Delhi 110066