Indian Renewable Energy Development Agency Ltd

Profit before tax (PBT) jumped 31.33% to Rs 629.98 crore during the quarter ended 31st March 2025. Total expenses increased 41% YoY to Rs 1,285.91 crore in Q4 FY25. Finance cost stood at Rs 1,103.74 crore (up 30.27%), employee benefit expense was at Rs 21.44 crore (up 12.55% YoY), while corporate social responsibility (CSR) expenses stood at Rs 6.30 crore (down 62.41% YoY) during the period under review. As of 31st March 2025, the company had extended 27% of its total loans to the public sector and 73% to the private sector, compared to 25% to the public sector and 75% to the private sector as of 31st March 2024. The company's asset quality declined to 1.35% as of 31st March 2025 as compared with 0.99% as of 31st March 2024. Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is a public limited government company, established as a non-banking financial institution in 1987, engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. As of December 2024, the Government of India held a 75% stake in IREDA.Powered by Capital Market - Live

Net profit of Indian Renewable Energy Development Agency rose 48.66% to Rs 501.55 crore in the quarter ended March 2025 as against Rs 337.39 crore during the previous quarter ended March 2024. Sales rose 41.37% to Rs 1893.99 crore in the quarter ended March 2025 as against Rs 1339.78 crore during the previous quarter ended March 2024. For the full year,net profit rose 35.62% to Rs 1698.34 crore in the year ended March 2025 as against Rs 1252.24 crore during the previous year ended March 2024. Sales rose 37.24% to Rs 6685.14 crore in the year ended March 2025 as against Rs 4871.16 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1893.991339.78 41 6685.144871.16 37 OPM %91.5499.69 -93.81100.15 - PBDT640.52488.79 31 2142.411715.60 25 PBT629.73479.68 31 2103.541685.25 25 NP501.55337.39 49 1698.341252.24 36 Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 15 April 2025.Powered by Capital Market - Live

Indian Renewable Energy Development Agency announced that the tenure of Dr Jaganath Chennakeshava Murthy Jodidhar , Part-time Non-Official (Independent) Director has been completed on 27 March 2025 in terms of Ministry of New and Renewable Energy (MNRE) order dated 28 March 2022 and accordingly he is ceased to be director of IREDA w.e.f., 28 March 2025. Powered by Capital Market - Live

The five-year unsecured loan will be repaid in a single payment at maturity and is expected to enhance IREDA's presence in global financial markets. Commenting on the agreement, Pradip Kumar Das, chairman & managing director, IREDA, stated, 'This facility enables us to diversify our resource base and optimize costs, enhancing our lending operations to support India's renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA's financial stability and growth potential.' Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is a public limited government company, established as a non-banking financial institution in 1987, engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. As of December 2024, the Government of India held a 75% stake in IREDA. The company's standalone net profit jumped 27% to Rs 425 crore on a 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

The key domestic indices traded with minor losses in morning trade. The Nifty traded below 23,700 level. Metal shares advanced after declining in the past trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex declined 102.44 points or 0.13% to 77,918.73. The Nifty 50 index fell 4.70 points or 0.02% to 23,663.95. In the broader market, the S&P BSE Mid-Cap index rose 0.30% and the S&P BSE Small-Cap index shed 0.15%. The market breadth was negative. On the BSE, 1,608 shares rose and 1,959 shares fell. A total of 158 shares were unchanged. Buzzing Index: The Nifty Metal index jumped 0.62% to 1,517.05. The index declined 1.40% in the past trading session. Hindustan Copper (up 2.5%), Vedanta (up 1.57%), Welspun Corp (up 1.27%), Hindustan Zinc (up 1.23%) and Jindal Stainless (up 0.94%), Steel Authority of India (up 0.7%), Adani Enterprises (up 0.6%), Hindalco Industries (up 0.26%), Ratnamani Metals & Tubes (up 0.23%) and Jindal Steel & Power (up 0.17%) advanced. Stocks in Spotlight: Indian Renewable Energy Development Agency fell 0.68%. The comapny said that it has raised Rs 910.37 crore through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenor at an annual coupon rate of 7.74% Oil & Natural Gas Corporation (ONGC) rose 0.02%. The company will make an investment of Rs 3,300 crore in subsidiary ONGC Green via rights issue. The subsidiary will utilize the proceeds for the acquisition of a 100% equity stake in Ayana Renewable Power through ONGC NTPC Green (ONGPL).Powered by Capital Market - Live

With this fund raise, the government-owned entity aims to tap liquidity in the current financial market and support the borrowing plan of the company. The funds raised will enhance IREDA's Tier-II capital, increasing its net-worth and capital to risk-weighted assets ratio (CRAR), thereby strengthening the company's ability to support country's clean energy transition through financing. Pradip Kumar Das, chairman and managing director, IREDA, said: 'The successful raising of Tier-II capital reflects investors' strong confidence in IREDA's financial strength and strategic vision. This will further empower us to accelerate green energy financing, aligning with the Government of India's target to achieve 500 GW of non-fossil fuel-based energy capacity by 2030.' Separately, IREDA informed that it has secured board approval for a borrowing program of up to Rs 30,800 crore for FY 2025-26. This borrowing program will utilize a combination of domestic and international debt instruments, including various bonds and loans. Indian Renewable Energy Development Agency (IREDA) is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. As on December 2024, GoI held 75% stake in IREDA. The company's standalone net profit jumped 27% to Rs 425 crore on 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24. The scrip fell 0.47% to currently trade at Rs 169.05 on the BSE. Powered by Capital Market - Live

Indian Renewable Energy Development Agency (IREDA) has raised Rs 910.37 crore through the issuance of Privately Placed Subordinated Tier-II Bonds for a 10-year tenor at an annual coupon rate of 7.74%. The raising of Tier-II Bonds aims to tap liquidity in the current financial market and support the borrowing plan of the company. The funds raised will enhance IREDA's Tier-II capital, increasing its Net-worth and Capital to Risk-Weighted Assets Ratio (CRAR), thereby strengthening the company's ability to support country's clean energy transition through financing. Powered by Capital Market - Live

Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 25 March 2025.Powered by Capital Market - Live

The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infrastructure, the company stated in exchange filing. Meanwhile, the company received a refund of Rs 24.48 crore on March 19, 2025, from the Income Tax Department towards partial relief granted by the Commissioner of Income Tax (Appeals) for Assessment Year (AY) 2011-12, related to certain disallowances. Further, the company said that refund of approximately ₹195 crores is under process for similar relief provided by CIT (Appeals) for AYs 2010-11, 2012-13, 2013-14, and 2015-16 to 2018-19, which is yet to received. Commenting on the successful issuance, Shri Pradip Kumar Das, chairman and managing director, IREDA, said, 'This is a historic milestone for IREDA. We extend our gratitude to investors for their enthusiastic response. Strengthening our capital base through Perpetual Bonds will enable us to scale up financing for renewable energy projects, accelerating India's transition to a cleaner and more sustainable future.' IREDA is a wholly-owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on December 2024, GoI held 75% stake in IREDA. IREDA's standalone net profit jumped 27% to Rs 425 crore on 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24. The scrip declined 1.18% to Rs 150.10 on the BSE.Powered by Capital Market - Live