Slides
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19 October 2026 Investor Presentation For the quarter and half year ended 30.09.2026
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13 Table of Contents RE Financing Landscape Financial Highlights IREDA at a glance 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. • CMD IREDA conferred CSR Lifetime Achievement Award 2026
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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 IREDA’s Subsidiary IGGEFIL sanctions Its First International Green Energy Loan 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 30.09.2026 308 GW2 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
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Key Financial RatiosFinancial Highlights | Key Financial Ratios *Calculated on the basis of weighted average outstanding borrowings. Particulars As on 30.09.2026 As on 30.09.25 As on 31.03.26 Yield on Loan Assets (%) (Gross) 9.41% 9.87% 9.54% Cost of Borrowings (%)* 7.20% 7.24% 7.05% Interest Spread (%) 2.21% 2.63% 2.49% Net Interest Margin (%) (Annualised) 3.83% 3.72% 3.65% Debt Equity Ratio 5.64 5.41 5.65 Earning Per Share (in ₹) 3.17 2.88 6.73 Provision Coverage Ratio (%) 70.44% 51.48% 63.88% CRAR (%) 19.83% 20.10% 20.59%
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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
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Financial Highlights | Consolidated Rs in Crores
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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 as on September 30th 2026 ₹ in Crores
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1. Others represent projects under multiple state category and exposure in Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Del hi, Haryana, Jammu & Kashmir, Jharkhand, Ladakh, Manipur, Meghalaya, Uttarakhand , Kerala, Puducherry and West Bengal 2,423 2.49% 15,738 16.16% 5,399 5.54% 7,476 7.67% 7,353 7.55% 8,892 9.13% 2,709 2.78% 1,705 1.75% 2,079 2.13% 10,136 10.40% 10,701 10.99% 9,269 9.52% Himachal Pradesh Rajasthan Madhya Pradesh Maharashtra Karnataka Uttar Pradesh Sikkim Odisha Telangana Andhra Pradesh Tamil Nadu Others¹ 9,209 9.45% Loans outstanding as of Sept 30th , 2026 (in INR crores) Percentage of Gross Loan Portfolio of ₹ 97,411 crores . States with more than 5% share in Gross Loan Portfolio Above map may not be an accurate representation of geography of India Gujarat Punjab 4,321 4.44% Lending Profile | Well diversified assets & PAN India Presence
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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 ₹ 10,071 Cr Borrowings Raised during H1 FY 27 Rs in crores | 82 % of Foreign Borrowings are Hedged ₹ 80,882 Cr Borrowings as on 30 Sept 2026 ₹ in Crores 7648 7679 9477 2493 2334 2028 75% 77% 82% 25% 23% 18% 0% 20% 40% 60% 80% 100% -4000 1000 6000 11000 30.09.2025 31.03.2026 30.09.2026 Foreign Borrowings Hedged Un-Hedged 32199 31679 33180 27601 36153 36198 54% 47% 48% 46% 53% 52% 0% 20% 40% 60% 80% 100% -3000 7000 17000 27000 37000 47000 57000 30.09.2025 31.03.2026 30.09.2026 Domestic Borrowings Bonds Bank Loans Particulars 30.09.2026 30.09.2025 31.03.2026 Bonds 33,180 32,199 31,679 Loans from Bank/ FII / CC Limit & others 36,198 27,601 36,153 Sub-Total (A) 69,378 59,800 67,832 % Share 86% 86% 87% Hedged 9,477 7,648 7,679 Un-Hedged 2,028 2,493 2,334 Sub-Total (B) 11,505 10,141 10,014 % Share 14% 14% 13% Total 80,882 69,941 77,846 Domestic Borrowings (A) Foreign Borrowings (B)
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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) * 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* 1513 1411 1866 3245 3568 34823.21% 2.36% 2.45% 3.49% 3.76% 3.57% -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 Q2FY 27 Gross NPA (in Cr) Gross NPA (%) 768 581 1021 1172 1134 1029 1.66% 0.99% 1.35% 1.29% 1.23% 1.08% -6.00% 6.00% 0 500 1000 1500 2000 2500 3000 FY 22-23 FY 23-24 FY24-25 FY25-26 Q1FY 27 Q2FY 27 Net NPA (in Cr) Net NPA (%) 783* 671* 667* 142* 314* 145*
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Asset Quality| Movement of NPAs ₹ in Crores
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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 President of India (GOI) 71.76% Resident Individuals 21.77% Insurance Companies 2.38% FIIs & FPIs 2.57% Mutual Funds 0.14% Non Resident Individuals 0.46 Others 0.92%
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Shareholder’s Outlook|Shareholding Pattern As on 30.09.2026 As on 30.09.2025
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1 Introduction1 2 ESG Initiatives2 3 ESG Scores and Ratings 3 IREDAs ESG Journey
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ESG HIGHLIGHTS FY 2026 RELEASED FIRST EVER ESG REPORT FY26 Released the First Ever ESG Report of IREDA at the AGM on 29 September. The report is aligned with National & Global standards like NGRBC, GRI, SASB & UNSDG framework. BRSR submission Submitted the 3rd BRSR with reasonable assurance from an independent agency. Green Tech Env & Sustainability Award 2026 Won the Green Tech Env & Sustainability Award 2026 in the Green Financing category. ICMAI Sustainability Award 2024-25 Conferred as 2nd Runner-Up in the Mid-Cap Companies (Kalpavriksha Award) category at ICMAI (SSB) Green Awards 2024–25, on 8 October 2026.
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ESG Performance Highlights FY 26 WATER INTENSITY ENERGY INTENSITY MORE DISCLOSURES WOMAN WORKFORCE ↓ 4.76% Water intensity per rupee of turnover (KL/million INR), FY 26 vs FY 25 ↓ 10.61% Energy intensity per rupee of turnover (GJ/million INR), FY 26 vs FY 25 Scope 3 Indirect emissions reported for the first time, covering categories 1, 2, 3, 6 and 7 23% Women employees – highest among CPSEs ESG ratings from independent agenciesESG ratings from independent agencies 73 Very Good CFC Finlease Private Limited 72.3 Above Average SES ESG REASEARCH PVT LTD 70.14 Low Risk – Good Sustainability Practices Niche Ninety Nine Capability and Certifications (OPC) Private Limited 71 Leadership CRISIL ESG Ratings & Analytics Limited
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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