From logging a net profit of ₹39.4 crore in the April-June period of the preceding financial year, homegrown clean energy firm, ReNew, has grown multifold, as evident from its Q1 net profit earnings for the June quarter of ₹513.1 crore.
The company posted its latest figures on Thursday and attributed higher power sales to its growth.
The Nasdaq-listed firm said its total income (or total revenue) rose to ₹4,118.2 crore (USD 480 million) in the first quarter, compared to ₹2,490.3 crore (USD 290 million) for Q1 FY25, while its revenues from power sales increased to ₹2,547.3 crore (USD 297 million) from ₹2,233.5 crore (USD 260 million) for Q1 FY25.
As of June 30, 2025, the company’s portfolio consisted of 18.2 GWs (+1.1 GWh battery energy storage system (BESS), compared to 15.6 GWs as of June 30, 2024. In addition, it has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility.
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ReNew’s total income from module and cell manufacturing operations in Q1 FY26 was ₹1,322.3 crore (USD 154 million), the company shared. Its commissioned capacity, meanwhile, increased 14.8 per cent year-on-year to 11.1 GWs (+150 MWh BESS) (net of 600 MWs of assets sold since Q1 FY25) as of June 30, 2025.
Subsequently, it commissioned an additional 50 MW in July 2025.
“The company’s Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. The company anticipates continued net gains in sales of assets, which is part of Renew’s capital recycling strategy, and has included ₹1-2 billion related to asset sales in the Adjusted EBITDA,” the company said in a statement.
On its guidance for FY26, ReNew said it aims to complete the construction of 1.6 to 2.4 GWs of projects by the end of the ongoing fiscal year.
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