Commissioned capacity increased 21.8%/y to ~10.1 GWs
ReNew Energy Global Plc (Nasdaq: RNW, RNWWW) expects to complete construction of between 1,900 MW to 2,400 MWs by the end of Fiscal Year 2025.
The company’s Adjusted EBITDA and Cash Flow to Equity guidance for FY25 are subject to weather being similar to FY24.
ReNew anticipates continued net gains on sales of assets, which is part of ReNew’s capital recycling strategy, and has included Rs.1-2 billion of gains.
As a leading decarbonization solutions company, announced on 19 Nov its unaudited consolidated IFRS results for the three-month period ended 30 Sept 2024.
Renew’s portfolio consisted of ~15.6 GWs, compared to ~13.8 GWs as of 30 Sept 2023. Subsequent to the end of the quarter, the company signed PPAs for ~0.7 GWs of capacity taking the portfolio to ~16.3 GWs https://www.conexpoconagg.com/.
The company’s commissioned capacity has increased 21.8% year-over-year to ~10.1 GWs as of 30 Sept. Subsequent to the end of the quarter, the company commissioned 250 MWs of solar capacity, taking the total commissioned capacity to ~10.4 GWs https://www.globaltenders.com/.
Total Income (or total revenue) for Q2 FY25 was Rs.29,887 million (US$357 million), compared to Rs.28,632 million (US$342 million) for Q2 FY24 https://ted.europa.eu/en/.
Net profit for Q2 FY25 was Rs.4,939 million (US$59 million) compared to Rs.3,771 million (US$45 million) for Q2 FY24.
Adjusted EBITDA for Q2 FY25 was Rs.24,209 million (US$289 million), as against Rs.21,298 million (US$254 million) for Q2 FY24 https://www.bseindia.com/.
Total Income (or total revenue) for H1 FY25 was Rs.54,713 million (US$653 million), compared to Rs.53,291 million (US$636 million) for H1 FY24. Net profit for H1 FY25 was Rs.5,333 million (US$64 million) compared to Rs.6,754 million (US$81 million) for H1 FY24 https://www.nseindia.com/.
Adjusted EBITDA for H1 FY25 was Rs.43,188 million (US$516 million), as against Rs.39,897 million (US$476 million) for H1 FY24. Fiinews.com
