ReNew Power Reports 4.4% YoY Revenue Growth in Q2 FY25
POWER & RENEWABLE ENERGY

ReNew Power Reports 4.4% YoY Revenue Growth in Q2 FY25

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.

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.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000