Indian Renewable Energy Development Agency (IREDA) Q4 24/25 earnings summary

Executive summary

• India's largest pure-play green financing NBFC with over 38 years of experience and a strategic role in renewable energy sector development.

• 75% government-owned, awarded Navratna status, and consistently rated 'Excellent' by MNRE since FY21.

• Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with no audit qualifications reported by statutory auditors.

• Incorporated a new subsidiary at IFSC GIFT City, Gujarat, with consolidated results including this entity from Q4 FY25.

• Recognized as a top wealth creator and recipient of multiple awards for governance and operational excellence.

Financial highlights

• Revenue from operations rose 36% year-over-year to Rs 6,742 crore for FY25; Q4 revenue up 37% to Rs 1,904 crore.

• Standalone total income for FY25 was ₹6,754.78 crore, up from ₹4,965.29 crore in FY24; consolidated total income for FY25 was ₹6,755.69 crore.

• Profit after tax increased 36% year-over-year to Rs 1,699 crore; Q4 PAT up 49% to Rs 502 crore.

• Standalone net profit after tax for FY25 was ₹1,698.60 crore, up from ₹1,252.24 crore in FY24; consolidated net profit after tax for FY25 was ₹1,698.34 crore.

• Total assets grew to ₹79,734 crore as of March 31, 2025, from ₹62,600 crore a year earlier.

Outlook and guidance

• Positive outlook for India's renewable energy sector, supported by major policy announcements and a 2030 target of 500 GW non-fossil fuel capacity.

• No defaults in debt servicing; 100% security cover maintained for all secured non-convertible debt securities.

• All funds raised through public and private placements have been fully utilized as per stated objectives, with no deviations.