IREDA Limited
Indian Renewable Energy Development Agency Limited (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 with the motto: “ENERGY FOR EVER”. The main objectives of IREDA are : To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Revenue | 4,965 | 3,483 | 2,860 |
| Interest | 3,164 | 2,088 | 1,587 |
| Expenses | 85 | 232 | 430 |
| Financing Profit | 1,716 | 1,163 | 843 |
| Financing Margin % | 35% | 33% | 29% |
| Net Profit | 1,252 | 865 | 634 |
| EPS in Rs | 4.66 | 3.78 | 2.77 |
Synopsis of Financials
- Revenue grew by 43% in FY24.
- Interest Income: ~97%
- Fees & Commission: ~1%
- Other Operating Income: ~2%
- The net-worth of the company as on FY24 has reached to Rs.8,559.43 Cr. as against Rs.5,935.17Cr., in FY23. (increased by 44.22%).
- GNPA’s – 2.36% in FY24 vs 3.21% in FY23
- NNPA’s 0.99% in FY24 vs 1.66% in FY23
Final Outlook
As per IEA, global renewable energy capacity estimated at 4140 gigawtts, representing 14% expansion in 2023. Solar is expected to lead charge then hydro, wind, & bioenergy comes. In solar 5th and 4th in wind rank of india globally and overall rank is 9th in globally. Project low CPI in 2024-25 which will result to maintain same lending rate by RBI. India emerge as a largest market in solar power by providing solar at low cost and government intiative also help and encourage the business of renewable energy by providing subsidies. Company continued its performance in its traditionally strong market with solar, wind and hydro power project financing contributing ~57% of sanctioned amount FY 24.Company has bolstered its net worth to 8,559.43 Crore in FY 23 and posted an all-time high PAT of ` 1252.23 Crore. Debt equity ratio improved to 5.80 times in FY 24 as compared to 6.77 in FY 23.
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