ReNew Energy Global Posts Strong FY24 Results

ReNew Energy Global (RNW) has released an update.

ReNew Energy Global reports a robust fiscal year 2024, with a significant turnaround to a net profit of INR 4,147 million from a net loss the previous year, driven by increased operational revenue and asset sales. The company saw an 8.1% increase in total income and a substantial rise in adjusted EBITDA. As it expands its portfolio to 15.6 GW, ReNew also projects a constructive outlook for FY25 with anticipated construction completions and continued net gains from asset sales.

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