ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for Q3 FY25 and nine months ended December 31, 2024.
Operating Highlights:
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As of December 31, 2024, the Company’s portfolio consisted of ~17.4 GWs, compared to ~13.8 GWs as of December 31, 2023.
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The Company’s commissioned capacity has increased 25.5% year-over-year to ~10.7 GWs as of December 31, 2024. Subsequent to the end of the quarter, the Company has commissioned 92 MWs of wind capacity, taking the total commissioned capacity to ~10.8 GWs.
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Total Income (or total revenue) for Q3 FY25 was INR 2,119.8 crore (US$ 248 million), compared to INR 1,929 crore (US$ 225 million) for Q3 FY24, registering a growth of ~10%. Revenue from the sale of power for Q3 FY25 was INR 1,499.1 crore (US$ 175 million), compared to INR 1,502.6 crore (US$ 176 million) for Q3 FY24. Net loss for Q3 FY25 was INR 387.9 crore (US$ 45 million) compared to INR 321.6 crore (US$ 38 million) for Q3 FY24. Adjusted EBITDA for Q3 FY25 was INR 1,388.2 crore (US$ 162 million), as against INR 1,250.9 crore (US$ 146 million) for Q3 FY24, registering a growth of ~11%.
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Total Income (or total revenue) for the first nine months of FY25 was INR 7,591.1 crore (US$ 887 million), compared to INR 7,241.4 crore (US$ 846 million) for the first nine months of FY24. Revenue from the sale of power for the first nine months of FY25 was INR 6,437.5 crore (US$ 752 million), compared to INR 6,131.4 crore (US$ 717 million) for the first nine months of FY24. Net profit for the first nine months of FY25 was INR 145.4 crore (US$ 17 million) compared to INR 353.8 crore (US$ 41 million) for the first nine months of FY24. Adjusted EBITDA for the first nine months of FY25 was INR 5,707 crore (US$ 667 million), as against INR 5,240.6 crore (US$ 613 million) for the first nine months of FY24.
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Total income (or total revenue) for the first nine months of FY25 includes external sales from our module and cell manufacturing operations amounting to INR 345.9 crore (US$ 40 million). Net profit and Adjusted EBITDA for the first nine months of FY25 from external sales from our module and cell manufacturing operations were INR 42.3 crore (US$ 5 million) and INR 59.7 crore (US$ 7 million) respectively.
Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.55 to US$ 1.00.
