ReNew Energy Reports 4X growth in Q4 Net Profit

Gurugram-based and NASDAQ-listed renewable energy solutions company, ReNew Energy, announced its unaudited consolidated IFRS results for Q4 FY25 and the fiscal year ended March 31, 2025.

The company’s portfolio expanded from 13.5 GW in March 2024 to ~18.5 GW by May 2025, a 37% YoY increase.

As of March 31, 2025, the company’s portfolio consisted of ~17.3 GWs, compared to ~13.5 GWs as of March 31, 2024. Subsequent to the fiscal year-end, the company has signed ~1.2 GW of PPAs, taking the total portfolio to ~18.5 GW (+1.1 GWh Battery Energy Storage System). In addition, the ReNew Energy has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing.

Highlights of ReNew Energy Financial Results

ReNew Energy, in its press statement, recorded its second consecutive year of profit, with a significant surge over the same quarter last year.

Total revenue for FY25 was Rs 109,070 million (US$ 1,277 million), compared to Rs 96,531 million (US$ 1,130 million) for FY24.

Revenue from the sale of power for FY25 was Rs 81,486 million (US$ 954 million) compared to Rs 76,624 million (US$ 896 million) for FY24. The revenue for FY25 includes external sales from module and cell manufacturing operations, amounting to Rs 13,373 million (US$ 157 million).

Net profit for FY25 was Rs 4,591 million (US$ 54 million) compared to Rs 4,147 million (US$ 49 million) for FY24. Adjusted EBITDA for FY25 was Rs 79,188 million (US$ 927 million), as against Rs 69,216 million (US$ 810 million) for FY24.

Total revenue for Q4 FY25 was Rs 34,391 million (US$ 403 million), compared to Rs 24,776 million (US$ 290 million) for Q4 FY24. The revenue from its module and cell manufacturing operations amounted to Rs 9,914 million (US$ 116 million).

The company reported a four times jump in Q4 net profit on the back of strong growth in the manufacturing business. Net profit for Q4 FY25 was Rs 3,137 million (US$ 37 million) compared to Rs 609 million (US$ 7 million) for Q4 FY24.

Adjusted EBITDA for Q4 FY25 was Rs 22,118 million (US$ 259 million), as against Rs 16,810 million (US$ 197 million) in Q4 FY24.