Independent renewable energy producer ReNew Power reported a 4.4% year-over-year (YoY) revenue increase in the second quarter (Q2) of the financial year 2025, reaching ?29.9 billion ($357 million), up from ?28.6 billion ($342 million) in Q2 FY24. The growth in revenue was attributed to an increase in operational capacity, although this was partially offset by lower resource availability, reduced merchant tariffs, and revenue loss from 400 MW of projects sold as part of the company's capital recycling strategy in FY24.

The company's net profit surged 31% YoY, rising to ?4.94 billion ($59 million) compared to ?3.77 billion ($45 million) in the same quarter last year.

Finance costs for Q2 FY25 amounted to ?12.6 billion (~$150 million), marking a 2.7% decrease YoY, primarily due to effective hedging strategies and refinancing-driven savings, despite higher finance costs linked to the increase in operational assets.

The adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ?24.21 billion ($289 million), reflecting a 13.7% YoY increase from ?21.3 billion ($254 million).

In Q2 FY25, ReNew Power commissioned 557 MW of new projects, including 24 MW of wind and 533 MW of solar capacity, with a capital expenditure of ?25.7 billion (~$307 million).

The company’s electricity sales grew by 9.4% YoY, reaching 6,622 million units (MU), with wind energy contributing 4,039 MU, solar energy 2,370 MU, and hydroelectric power 213 MU. Solar energy sales saw the highest growth, increasing by 14.5%, while wind energy and hydropower grew by 6.3% and 16.2%, respectively.