Renew Energy Global Plc ( (RNW) ) has released its Q3 earnings. Here is a breakdown of the information Renew Energy Global Plc presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
ReNew Energy Global Plc is a leading decarbonization solutions company based in India, specializing in clean energy and operating one of the largest clean energy portfolios globally. In its latest earnings report for the third quarter of fiscal year 2025, ReNew Energy Global Plc announced a 26% increase in operating capacity, highlighting growth in its commissioned capacity to approximately 10.8 GWs. The company reported a total income of INR 21,198 million (US$ 248 million) for the quarter, marking an increase from the previous year, although the net loss also rose to INR 3,879 million (US$ 45 million). For the first nine months of FY25, the company saw total revenue of INR 75,911 million (US$ 887 million) with a net profit of INR 1,454 million (US$ 17 million), despite a decrease from the previous year’s net profit. Additionally, ReNew received a non-binding offer from a consortium to acquire its entire share capital, indicating potential strategic developments. Looking ahead, ReNew Energy Global Plc maintains its guidance for new installations by the end of the fiscal year, despite revising its EBITDA and cash flow guidance due to lower resource availability. The company remains focused on expanding its clean energy portfolio and enhancing its position in the global energy market.
