Indian Renewable Energy Development Agency Ltd

Q2 FY25Finance

Indian Renewable Energy Development Agency Q2 FY25: Revenue ₹1,629.55 Cr, PAT ₹387.75 Cr

Q2 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹113

Market cap₹32.1K Cr

P/E16.4

Updated25 Sept 2026

Read5 min read

Based on Indian Renewable Energy Development Agency Ltd's Q2 FY25 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue from operations for Q2 FY24-25: Rs 1,629.55 crores - Revenue for Q2 FY23: Rs 1,176.63 crores - Year-on-year (YoY) growth in revenue: 38% - Total income for Q2 FY24-25: Rs 1,630.38 crores EBITDA (Operating Profit before Depreciation, Impairment & Tax) for Q2 FY25: Rs 503.19 crores, up 36% YoY (from Rs 370.09 crores in Q2 FY24). - Operating Margin is not explicitly stated as a percentage but Operating Profit rose 36% YoY. - Profit After Tax (PAT) for Q2 FY25: Rs 387.75 crores, up 36% YoY (from Rs 284.73 crores in Q2 FY24). - No explicit EBITDA or Operating Margin percentage outlook is stated in the presentation.

From Indian Renewable Energy Development Agency Ltd's Q2 FY25 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Revenue from operations for Q2 FY24-25: Rs 1,629.55 crores
Revenue for Q2 FY23: Rs 1,176.63 crores
Year-on-year (YoY) growth in revenue: 38%
Total income for Q2 FY24-25: Rs 1,630.38 crores, up 39% YoY from Rs 1,176.96 crores
Profit after tax for Q2 FY24-25: Rs 387.75 crores, up 36% YoY from Rs 284.73 crores

2 more points management made on revenue & sales performance

Profitability & Margins

- EBITDA (Operating Profit before Depreciation, Impairment & Tax) for Q2 FY25: Rs 503.19 crores, up 36% YoY (from Rs 370.09 crores in Q2 FY24). - Operating Margin is not explicitly stated as a percentage but Operating Profit rose 36% YoY. - Profit After Tax (PAT) for Q2 FY25: Rs 387.75 crores, up 36% YoY (from Rs 284.73 crores in Q2 FY24). - No explicit EBITDA or Operating Margin percentage outlook is stated in the presentation. However, positive growth trends and strong financial ratios hint at stable margins. Summary: The presentation reports a strong 36% YoY growth in both EBITDA and PAT for Q2 FY25 but does not provide explicit margin targets or outlook.

See what Indian Renewable Energy Development Agency Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation describes the following capex, capacity expansion, and new project initiatives: - **Hydro Power Project in Nepal**: Signed MoU with SJVN and GMR for a 900 MW hydro power project in Nepal (2025 timeline). - **50 MW Solar Project in Kerala**: Established by IREDA as part of earlier milestones. - **Loan Sanctions & Disbursements (Q2 FY25)**: Rs 8,650 crores sanctioned and Rs 4,461 crores disbursed across renewable energy sectors, supporting capacity expansion.

- **Sector-wise Outstanding Loans**: Significant financing for Solar Thermal/SPV (Rs 16,927 crores), Wind (Rs 10,567 crores), Hydro Power (Rs 7,302 crores), Ethanol (Rs 4,384 crores), Transmission/Emerging Technologies (Rs 1,540 crores), and EV (Rs 907 crores) indicating ongoing project support and expansion. - **Signed MoU and Project Advancement**: The Nepal hydro project MoU signals planned expansion into cross-border renewable infrastructure. No specific timelines or amounts for other new plants/projects besides the Nepal MoU are explicitly stated.

2 more points management made on capital expenditure plans

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Fundraising & Capital Structure

As of 30th September 2024, total outstanding borrowings were Rs. 54,639 crores, up from Rs. 49,687 crores as of 31st March 2024, indicating an increase in borrowings.
Domestic borrowings stood at Rs. 45,691 crores (84% of total), up from Rs. 40,388 crores (81%).
Foreign borrowings were Rs. 8,948 crores (16% of total), slightly down from Rs. 9,299 crores (19%).
Borrowings raised during Q2 FY24-25 were Rs. 9,328 crores.
Credit ratings remain stable with domestic long-term ratings at "AAA" and international long-term rating at 'BBB-' (Stable).

2 more points management made on fundraising & capital structure

See what Indian Renewable Energy Development Agency Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly mention or report any figures or information related to order book, order inflow, or pending orders. It primarily focuses on: - Financial performance including revenue, profit, asset quality, borrowing profile, and shareholder patterns. - Lending profile with geographic and sectoral distribution. - Credit ratings and borrowing status.

2 more points management made on order book & pipeline

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Frequently Asked Questions

What were Indian Renewable Energy Development Agency Ltd Q2 FY25 results?

What is Indian Renewable Energy Development Agency Ltd share price analysis?

Indian Renewable Energy Development Agency Ltd currently shows a neutral. The stock trades at a P/E of 16.4 with a market cap of ₹32,115 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indian Renewable Energy Development Agency Ltd planning capital expenditure?

The presentation describes the following capex, capacity expansion, and new project initiatives: - Hydro Power Project in Nepal: Signed MoU with SJVN and GMR for a 900 MW hydro power project in Nepal (2025 timeline).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.