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

26 Nov 2024 CW Team

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)

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..