Indian Renewable Energy Development Agency Limited (IREDA), a Navratna CPSE under the Ministry of New and Renewable Energy, has announced impressive financial results for the fiscal year 2025, showcasing strong growth across key metrics.

Financial Highlights

• Total income surged to ₹6,755.00 crores, marking a significant 36% increase from ₹4,965.00 crores in FY24.
• Net profit after tax rose to ₹1,699.00 crores, up 36% from ₹1,252.00 crores in the previous year.
• Interest income grew to ₹6,575.00 crores from ₹4,822.00 crores, reflecting a 36% year-on-year growth.
• Loan assets expanded to ₹75,320.00 crores from ₹58,775.00 crores, indicating a 28% increase.

Key Performance Indicators

• Earnings per share improved to ₹6.32 from ₹5.16 in FY24.
• The company maintained a strong capital adequacy ratio (CRAR) of 17.77%.
• Total debt stood at ₹64,740.00 crores with a debt-equity ratio of 6.31.

Operational Achievements

IREDA demonstrated robust financial management and growth strategies:

• Successfully raised ₹4,307.00 crores through non-convertible securities in the fourth quarter.
• Expanded its loan portfolio, supporting the growth of renewable energy projects across India.

Financial Stability

The company's financial position remains solid:

• Net worth increased to ₹10,266.00 crores from ₹8,559.00 crores in the previous year.
• Maintained a healthy balance sheet with total assets reaching ₹79,734.00 crores.

Management Commentary

Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, "Our FY25 results reflect IREDA's commitment to driving renewable energy growth in India. The substantial increase in revenue and profitability underscores our efficient operations and the growing demand for renewable energy financing."

Audit and Compliance

The financial results were audited by M/s Shiv & Associates, Chartered Accountants, and reviewed by the Comptroller and Auditor General of India, with no significant adverse comments reported.

IREDA's strong performance in FY25 highlights its pivotal role in India's renewable energy sector, supporting the country's transition to clean energy sources while delivering robust financial results.

Indian Renewable Energy Development Agency Ltd. (IREDA) has demonstrated strong investor confidence in India's renewable energy sector through its recent successful qualified institutional placement (QIP) and initial public offering (IPO), according to Union Minister Shripad Yesso Naik.

Impressive QIP Performance

IREDA raised a substantial Rs 2,005.90 crore through its QIP in June. The company issued fresh equity shares at Rs 165.14 per share, offering a 5% discount from the floor price of Rs 173.83. This successful fundraising effort underscores the growing interest in renewable energy financing in India.

Notable Investor Participation

The QIP attracted a diverse range of marquee investors, showcasing both domestic and foreign interest in IREDA:

This strong participation from institutional investors reflects confidence in IREDA's business model and the potential of India's renewable energy sector.

Stellar IPO Performance

IREDA's success extended to its initial public offering as well. In November 2023, IREDA shares made a remarkable debut on the stock market, listing at a premium of 87.5% over the issue price of Rs 32.00 per share. This impressive listing reflects the high level of investor optimism surrounding renewable energy financing and confidence in IREDA's financial health and growth prospects.

Market Performance

Following its listing, IREDA's stock has continued to show robust gains in the secondary market. This sustained performance indicates ongoing investor interest and positive sentiment towards the company and the broader renewable energy sector in India.

Implications for India's Renewable Energy Sector

The success of IREDA's fundraising efforts and strong market performance sends a positive signal about the future of renewable energy in India. It suggests that investors see significant potential in the sector and are willing to support companies that facilitate the growth of renewable energy projects.

As IREDA continues to play a crucial role in financing renewable energy initiatives, its market success could potentially lead to increased funding availability for green energy projects across the country, further accelerating India's transition to cleaner energy sources.