ReNew Energy reports 31% rise in Q2 net profit to Rs 4.4 billion
POWER & RENEWABLE ENERGY

ReNew Energy reports 31% rise in Q2 net profit to Rs 4.4 billion

ReNew Energy Global Plc (ReNew) has reported a 31% increase in net profit for the September 2024 quarter, reaching Rs 4.93 billion, driven by higher income. This is a significant rise from the Rs 3.77 billion net profit recorded in the same quarter of FY24.

The company's total income for Q2 FY25 grew to Rs 29.88 billion, up from Rs 28.63 billion in the corresponding period last fiscal year.

For the first half of FY25, ReNew’s net profit stood at Rs 5.33 billion, compared to Rs 6.75 billion in H1 FY24. Total income for H1 FY25 was Rs 54.71 billion, slightly up from Rs 53.29 billion in H1 FY24.

As of September 30, 2024, ReNew's portfolio expanded to 15.6 GW, up from 13.8 GW a year earlier. Following the quarter, the company signed Power Purchase Agreements (PPAs) for an additional 0.7 GW, increasing its portfolio to 16.3 GW.

Commissioned capacity grew by 21.8% year-on-year to 10.1 GW as of September 30, 2024. Subsequent additions of 250 MW in solar capacity raised the total commissioned capacity to 10.4 GW. ReNew aims to complete between 1,900 MW and 2,400 MW of renewable energy capacity by the end of FY25, further solidifying its leadership in the renewable energy sector.

(Business Standard)

ReNew Energy Global Plc (ReNew) has reported a 31% increase in net profit for the September 2024 quarter, reaching Rs 4.93 billion, driven by higher income. This is a significant rise from the Rs 3.77 billion net profit recorded in the same quarter of FY24. The company's total income for Q2 FY25 grew to Rs 29.88 billion, up from Rs 28.63 billion in the corresponding period last fiscal year. For the first half of FY25, ReNew’s net profit stood at Rs 5.33 billion, compared to Rs 6.75 billion in H1 FY24. Total income for H1 FY25 was Rs 54.71 billion, slightly up from Rs 53.29 billion in H1 FY24. As of September 30, 2024, ReNew's portfolio expanded to 15.6 GW, up from 13.8 GW a year earlier. Following the quarter, the company signed Power Purchase Agreements (PPAs) for an additional 0.7 GW, increasing its portfolio to 16.3 GW. Commissioned capacity grew by 21.8% year-on-year to 10.1 GW as of September 30, 2024. Subsequent additions of 250 MW in solar capacity raised the total commissioned capacity to 10.4 GW. ReNew aims to complete between 1,900 MW and 2,400 MW of renewable energy capacity by the end of FY25, further solidifying its leadership in the renewable energy sector. (Business Standard)

Next Story
Infrastructure Urban

Greater Noida to Build 750-Acre Smart Industrial Township

Aiming to provide enhanced safety, an efficient traffic management system and seamless delivery of essential services through advanced technology, a new integrated industrial township covering nearly 750 acres will be developed near the Noida International Airport. Officials stated that smart city-like features will be implemented, with all civic services operated through a centralised digital system. “A modern Command and Control Centre will be established to monitor and manage key services such as electricity, water, waste, traffic and security. Around 140 high-definition CCTV and Automat..

Next Story
Infrastructure Urban

State to Fund 2 New Stations on Pune Metro’s Swargate-Katraj Line

The Pune Metro project has received a major boost, as the state government has committed to funding the additional cost of Rs 6.83 bn for two newly proposed stations—Bibwewadi and Balaji Nagar—on the Purple Line’s Swargate to Katraj extension. This 5.464-kilometre underground corridor is part of Pune Metro’s ongoing expansion efforts. The proposal for the two stations was originally put forward in January 2025 by Maharashtra’s Urban Affairs Minister, Madhuri Misal. The inclusion of Bibwewadi and Balaji Nagar stations aims to alleviate persistent traffic bottlenecks in the city, offe..

Next Story
Infrastructure Urban

Otis India Wins Elevator Contract for Patna Metro Infrastructure

Otis India has been awarded a major contract to supply, install, and maintain 65 Gen2 Nova elevators for the Patna Metro project—marking a significant stride in Bihar’s infrastructure development and urban mobility transformation. The elevators, to be manufactured at Otis' Bengaluru facility, are equipped with features that enhance accessibility for individuals with reduced mobility. This aligns with the Patna Metro’s emphasis on creating a modern and inclusive public transport system. The Patna Metro, the first of its kind in Bihar, comprises two lines and 26 stations stretching acros..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?