Latest News | ReNew Net Loss Widens to Rs 387.9 Cr in Q3

New Delhi, Feb 19 (PTI) Clean energy company ReNew on Wednesday reported widening of its net loss to Rs 387.9 crore for the December quarter.

It had posted a net loss of Rs 321.6 crore in the year-ago period, the Nasdaq-listed company said in a statement.

Also Read | What Is New Crypto Scam Called 'Share-Seed-Phrase'? Know All About New Deceptive Technique To Manipulate Victims To Transfer Funds to Malicious Wallets.

However, the company's total income for the third quarter of the ongoing fiscal year rose 10 per cent to Rs 2,119.8 crore from Rs 1,929 crore a year earlier.

Revenue from the sale of power during the quarter was Rs 1,499.1 crore compared to Rs 1,502.6 crore a year ago.

Also Read | News Headlines for School Assembly Today, 20 February 2025: Check Important National, International, Sports, Entertainment and Business Stories.

Net profit for the first nine months of FY25 was Rs 145.4 crore compared to Rs 353.8 crore for the same period in FY24.

Total income -- or total revenue -- for the first nine months of FY25 was Rs 7,591.1 crore compared to Rs 7,241.4 crore a year ago.

The income includes external sales from the module and cell manufacturing operations amounting to Rs 345.9 crore.

Revenue from the sale of power for the first nine months of FY25 was Rs 6,437.5 crore, compared to Rs 6,131.4 crore.

"We continue to expect the installation of between 1,900 and 2,400 MW by the end of FY25, including 600 MWs, subject to timely regulatory approvals and build-out of evacuation infrastructure," the company said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)