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Business EconomyPosted at: Feb 19 2025 8:24PM


ReNew Energy net loss widens to Rs 387.9 crore in Q3

New Delhi, Feb 19 (UNI) Nasdaq listed Indian firm ReNew Energy on Wednesday reported a marginal jump in net loss to Rs 387.9 crore year-on-year during the third quarter of current financial year, versus Rs 321.6 crore in the corresponding quarter of last fiscal.
Total Income (or total revenue) for Q3 FY25 was Rs 2,119.8 crore, compared to Rs 1,929 crore for Q3 FY24, registering a growth of about 10 per cent, the company said in a release, adding that revenue from the sale of power for Q3 FY25 was Rs 1,499.1 crore, compared to Rs 1,502.6 crore for Q3 FY24.
We continue to expect the installation of between 1,900 to 2,400 MWs by the end of fiscal year 2025, including about 600 MWs, which is subject to timely regulatory approvals and build-out of evacuation infrastructure. We are revising our FY25 Adjusted EBITDA and CFe guidance primarily on account of the lower resource availability impact observed in the first nine months of FY25, the company said.
ReNew is a leading decarbonization solutions company listed on Nasdaq. ReNew's clean energy portfolio of about 17.4 GWs on a gross basis as of February 18, 2025, is one of the largest globally. In addition to being a major independent power producer in India, the company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.
The Company’s commissioned capacity has increased 25.5 percent year-over-year to about 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 about 10.8 GWs.
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