+
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
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?