ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Global Plc, a major contributor to the renewable energy sector, has reported a staggering fivefold jump in its net profit for the fourth quarter of fiscal year 2025. The company posted a consolidated profit of ₹313.7 crore, significantly higher than the ₹60.9 crore earned during the same quarter a year earlier. This notable growth highlights ReNew Energy’s efficient strategies and the strong impact of its solar module and cell manufacturing operations.

Q4 Financial Highlights
During Q4, ReNew Energy achieved total revenue of ₹3,439.1 crore, reflecting a robust 39% rise from ₹2,477.6 crore in the corresponding quarter of FY24. A major driver of this growth was the ₹991.4 crore generated from external sales of solar modules and cells. Additionally, income from power sales increased to ₹1,829.4 crore, compared to ₹1,690.8 crore in the same period last year. These results demonstrate the company’s growing efficiency in both energy production and solar manufacturing.
For the full financial year, ReNew Energy’s net profit reached ₹459.1 crore, improving from ₹414.7 crore in the previous year. Annual total income rose to ₹10,907 crore from ₹9,653 crore in FY24. The solar module and cell division contributed ₹1,337 crore to yearly revenue, indicating increasing demand for homegrown green energy components.

Growth in Manufacturing Capacity
A critical factor behind ReNew Energy’s performance is its focus on rapidly expanding manufacturing facilities. The company currently has a production capacity of 6.5 GW for solar modules and 2.5 GW for solar cells. This in-house manufacturing scale has positioned ReNew to successfully meet rising demand and improve profitability.
The company’s renewable energy capacity also grew significantly, increasing from 13.5 GW in March 2024 to 17.3 GW by the end of March 2025. Additional power purchase agreements (PPAs) signed after the fiscal year-end added another 1.2 GW to its portfolio. Including these agreements and 1.1 GWh of battery storage assets, ReNew’s total green energy portfolio now stands at roughly 18.5 GW.
ReNew also achieved progress in project commissioning. By March 31, 2025, the company had commissioned 10.7 GW of capacity, with an additional 466 MW added soon after. These developments highlight ReNew’s increasing presence in the renewable energy market and its efforts to build an integrated green energy operation.

Acquisition Proposal and Investor Interest
ReNew Energy’s impressive growth has drawn the attention of global investors. The company recently received a non-binding acquisition offer from a consortium including Masdar of Abu Dhabi, Canada Pension Plan Investment Board (CPPIB), Platinum Hawk (a subsidiary of Abu Dhabi Investment Authority), and ReNew CEO Sumant Sinha. The proposal suggests acquiring the remaining Class A shares at a price of $7.07 per share. An independent committee is carefully evaluating the offer to ensure it benefits all shareholders.
This development reflects the growing confidence of international investors in India’s renewable energy sector and in ReNew’s long-term growth strategy. It also shows strong belief in the company’s ability to deliver sustained performance.

FY26 Growth Projections
ReNew Energy has shared positive expectations for fiscal year 2026. The company plans to add between 1.6 GW and 2.4 GW of additional renewable capacity in the coming year. It anticipates adjusted EBITDA in the range of ₹8,700 crore to ₹9,300 crore, and forecasts cash flow to equity between ₹1,400 crore and ₹1,700 crore. These projections confirm ReNew’s commitment to scaling its operations while maintaining strong financial control.
The company’s ongoing investments in both solar manufacturing and renewable energy projects place it in a favorable position to benefit from India’s aggressive clean energy goals and the global movement toward sustainable energy solutions.

Summary
ReNew Energy’s outstanding Q4 FY25 performance showcases its ability to successfully leverage the rising demand for green energy. The company’s rapid growth in solar manufacturing and renewable capacity has strengthened its financial position and enhanced its competitiveness. With a solid growth outlook, acquisition interest from major investors, and a clear strategic direction, ReNew Energy appears well-positioned to sustain its success in the evolving renewable energy landscape.

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