- ReNew Energy Global Plc (RNW, RNWWW) reported a 4x increase in Q4 FY25 net profit due to robust growth in its manufacturing sector.
- The company's total portfolio grew to approximately 18.5 GW, with significant expansions in manufacturing capacities.
- ReNew anticipates constructing 1.6 to 2.4 GW by the end of FY26 and has active acquisitions discussions underway.
ReNew Energy Global Plc (RNW, RNWWW), a major player in the decarbonization sector, reported significant results for the fourth quarter and full fiscal year ended March 31, 2025. The company announced a 4x jump in Q4 FY25 net profit to INR 3,137 million (US$ 37 million), compared to INR 609 million (US$ 7 million) from Q4 FY24, bolstered by strong growth in its manufacturing business.
As of March 31, 2025, ReNew's portfolio expanded to approximately 18.5 GW, including a 1.1 GWh Battery Energy Storage System (BESS). The total operating capacity increased by roughly 17% since April 2024. The company's commissioned capacity rose by 12.4% year-over-year to approximately 10.7 GW, with new additions taking the total to 11.2 GW.
In terms of financial performance, ReNew's total income for Q4 FY25 was INR 34,391 million (US$ 403 million), up from INR 24,776 million (US$ 290 million) in Q4 FY24. Revenue from power sales in Q4 FY25 reached INR 18,294 million (US$ 214 million), up from INR 16,908 million (US$ 198 million) in the same quarter last year. The adjusted EBITDA for Q4 FY25 was INR 22,118 million (US$ 259 million), compared to INR 16,810 million (US$ 197 million) in Q4 FY24.
For the full fiscal year, total income was INR 109,070 million (US$ 1,277 million), an increase from INR 96,531 million (US$ 1,130 million) in FY24. Net profit for FY25 was INR 4,591 million (US$ 54 million), up from INR 4,147 million (US$ 49 million) for FY24. The company's guidance for FY26 includes completing construction of 1.6 to 2.4 GW, with an adjusted EBITDA forecast of INR 87 to INR 93 billion and expected cash flow to equity of INR 14 to 17 billion.
On the strategic front, ReNew disclosed that it received a non-binding proposal from a consortium led by Masdar and other investors to acquire outstanding shares at US$7.07 per share. A Special Committee has been established to evaluate this proposal and explore other strategic opportunities. The updates regarding these discussions will be disclosed as they develop.
