Business
ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports 4X Growth in Q4 Net Profit
The Company registered its second consecutive year of profit since listing 4X jump in Q4 net profit on the back of strong growth in the manufacturing
About this update from Renew Energy Global Plc
[{"type":"text","content":"\n\nThe Company registered its second consecutive year of profit since listing\n\n\n\n4X jump in Q4 net profit on the back of strong growth in the manufacturing business\n\n\n\nPortfolio grows to ~18.5 GW, with manufacturing capacity set to rise to 6.5 GW of modules and 6.5 GW of cells\n\n\n\nTotal operating capacity increased ~17% since April 2024\n\n\n\nAgreements of ~US$260 million signed to recycle capital\n\n\n\n GURUGRAM, India--(BUSINESS WIRE)--\nRenew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for Q4 FY25 and the fiscal year ended March 31, 2025.\n\n\nOperating Highlights:\n\n\n\nAs of March 31, 2025, the Company’s portfolio consisted of ~17.3 GWs, compared to ~13.5 GWs as of March 31, 2024. Subsequent to the fiscal year-end, the Company has signed ~1.2 GW of PPAs, taking the total portfolio to ~18.5 GW (+1.1 GWh Battery Energy Storage System or “BESS”). In addition, the Company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing.\n\n\n\nThe Company’s commissioned capacity has increased 12.4% year-over-year to ~10.7 GWs (net of 300 MWs of assets sold during FY25) as of March 31, 2025. Subsequent to the fiscal year-end, the Company has commissioned 466 MWs of which 436 MWs is solar and 30 MWs is wind, taking the total commissioned capacity to ~11.2 GWs.\n\n\n\nTotal Income (or total revenue) for Q4 FY25 was INR 34,391 million (US$ 403 million), compared to INR 24,776 million (US$ 290 million) for Q4 FY24. Revenue from the sale of power for Q4 FY25 was INR 18,294 million (US$ 214 million), compared to INR 16,908 million (US$ 198 million) for Q4 FY24. Net profit for Q4 FY25 was INR 3,137 million (US$ 37 million) compared to INR 609 million (US$ 7 million) for Q4 FY24. Adjusted EBITDA for Q4 FY25 was INR 22,118 million (US$ 259 million), as against INR 16,810 million (US$ 197 million) in Q4 FY24.\n\n\n\nTotal Income (or total revenue) for FY25 was INR 109,070 million (US$ 1,277 million), compared to INR 96,531 million (US$ 1,130 million) for FY24. Revenue from the sale of power for FY25 was INR 81,486 million (US$ 954 million) compared to INR 76,624 million (US$ 896 million) for FY24. Net profit for FY25 was INR 4,591 million (US$ 54 million) compared to INR 4,147 million (US$ 49 ...