ReNew Power Reports 4.4% YoY Revenue Growth in Q2 FY25

21 Nov 2024 CW Team

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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..