Indian Renewable Energy Development Agency Limited has informed the Exchange about Presentation
IREDA · price
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Awaiting price reaction for this filing.
IREDA submitted its management presentation for the analyst meet held on July 21, 2025 in Mumbai. For Q1 FY26, revenue from operations grew 29% YoY to Rs 1,947 crore and operating profit rose 49% to Rs 677 crore, but profit after tax fell 36% to Rs 247 crore due to a sharp spike in impairment on financial instruments (Rs 363 crore vs Rs 129 crore in Q4 FY25). Loan book grew 26% YoY to Rs 79,941 crore with sanctions up 29% and disbursements up 31%. Net Interest Margin improved to 3.60% (from 3.29%) and cost of borrowings eased to 7.40% (from 7.78%). However, Gross NPA worsened sharply to 4.13% (from 2.45%) and Net NPA rose to 2.06% (from 1.35%), partly due to one account slipping into NPA after an AP High Court order. Government of India holding declined to 71.76% from 75% following the QIP, and IREDA highlighted newly notified 54EC tax-saving bond status.
Mixed signals for shareholders: strong loan growth and improving NIM/spread are positives, but the sharp 36% drop in quarterly profit, deterioration in asset quality, and high impairment charges may weigh on near-term sentiment. The 54EC bond status and recent capital raise (QIP, perpetual bonds, ECB) give IREDA cheaper funding access, supportive of its growth as India's largest pure-play green financing NBFC.