ReNew's profit surges fivefold to ₹313.7 crore in Q4
The net profit for the fourth quarter of FY25 stood at ₹ 313.7 crore ($37 million) compared with ₹ 60.9 crore ($7 million) a year earlier, according to the company's filing to the US Securities and Exchange Commission.
The increase was primarily 'driven by higher operating revenues, external sales from our module and cell manufacturing operations, and lower tax incidence, partially offset by higher scale linked financing costs & depreciation, including costs attributable to external sales from our module and cell manufacturing operations, and lower resource availability," the filing said.
ReNew Energy's total income during the period under review was ₹ 3,439.1 crore, nearly 39% higher than ₹ 2,477.6 crore a year earlier. The total revenue includes external sales from the module and cell manufacturing operations worth ₹ 991.4 crore.
For the financial year 2024-25, the company reported a total income of ₹ 10,907 crore, compared with ₹ 9,653.1 crore in FY24.
As of 31 March 2025, ReNew Energy said its portfolio comprised 17.3 gigawatts (GW) of green energy capacity, compared to 13.5 GW a year earlier. In the ongoing financial year (FY26), the company has signed 1.2 GW of power purchase agreements, taking the total portfolio to 18.5 GW along with a 1.1 GWh battery energy storage system. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing.
On the proposed delisting, the company said that a special committee led by Manoj Singh, the lead independent director and comprising six independent non-executive ReNew directors, would consider the non-binding proposal and the active discussions are ongoing with the consortium of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Platinum Hawk C 2019 RSC Ltd (trustee for the Platinum Cactus A 2019 Trust, a wholly owned subsidiary of the Abu Dhabi Investment Authority), and Sumant Sinha, the founder, chairman and CEO of ReNew. The consortium had offered to acquire the listed shares of ReNew.
On 11 December 2024, the company announced that it had received the non-binding proposal to acquire the entire share capital not already owned by members of the consortium for $7.07 per share.
The special committee has retained an independent financial advisor, Rothschild & Co, and independent legal counsel Linklaters LLP, the statement said. 'Active discussions with the Consortium are ongoing and the Special Committee will provide an update to the market on the outcome as soon as reasonably practicable."
The statement said the ReNew executive management's primary focus will be to continue to ensure the effective management of the company, in addition to helping evaluate the process as required by the special committee.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Value Chain
34 minutes ago
- Fashion Value Chain
Silicon Labs Extends IoT Security Leadership with World's First PSA Level 4 Certification
Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced that its Series 3 Secure Vault security subsystem on the SiXG301 SoC, the first SoC in its Series 3 portfolio, has achieved the worlds first PSA Level 4 certification. This achievement – the highest level recognized by PSA Certified – affirms Silicon Labs' security leadership and its legacy of embedding trust at the core of connected technology. 'Security isn't just a feature – it's foundational to everything we develop,' said Matt Johnson, President and CEO of Silicon Labs. 'Being the first to achieve PSA Level 4 certification is a powerful validation of our leadership in IoT security and our focus on accelerating IoT growth.' Raising the Bar: PSA Level 4 Certification PSA Certified introduced the Level 4 certification and its two designations, iSE/SE for secure elements and ROT for Root of Trust, to address the rising complexity and sophistication of physical attacks on embedded devices. Unlike previous levels, Level 4 validates resilience against laser fault injection, side-channel attacks, microprobing, and voltage manipulation – threats once considered theoretical but now part of the evolving reality. Silicon Labs has consistently led the industry in achieving PSA milestones. Its MG21 SoC was the world's first device to earn PSA Level 3 certification, establishing new benchmarks in protection against physical tampering and setting the stage for this next leap to Level 4. Silicon Labs SoCs were also the industry's first to reach PSA Levels 1 and 2. Silicon Labs collaborated with Keysight Technologies, a market-leading design, emulation, and test solutions company with renowned test and evaluation labs to validate Secure Vault on Series 3 for PSA Level 4. Their experts noted the seamless partnership with Silicon Labs' engineering team, who demonstrated deep technical expertise and adaptability throughout the audit process. 'Keysight is proud to have supported Silicon Labs in achieving the world's first PSA Level 4 certification,' said Marc Witteman, Technical Director, Keysight Device Security Testing at Keysight Technologies. 'Our advanced testing methodologies, including side-channel analysis and fault injection, were instrumental to validating the Series 3 Secure Vault on the SiXG301's resilience against today's most sophisticated threats. This milestone reflects our commitment to helping innovators like Silicon Labs meet the highest levels of security assurance and regulatory readiness in a rapidly evolving IoT landscape.' Future-Proofing Through Security-First Engineering The Series 3 Secure Vault and the SiXG301 SoC's resilience aren't just about meeting today's standards – it's about anticipating future threats. The security subsystem and SoC were engineered to endure over a decade in the field, with industry-leading defenses against threats not yet commonplace. When combined with over-the-air firmware and software updates and real-time monitoring, Series 3 Secure Vault and the SiXG301 exemplify security as an ongoing lifecycle, not a one-time event. Silicon Labs' Series 3 platform, built on a 22 nm process node, is an industry leader in security and builds upon Silicon Labs' award-winning Series 2 security legacy and scales it with PSA Level 4 capabilities. All Series 3 devices are planned to feature this industry-leading enhanced security foundation, with the SiXG301 expected to be the first to market with PSA Level 4 certification when it becomes generally available in Q3 2025. Enabling Compliance Around the World As governments around the globe enact new regulations – such as the EU's Radio Equipment Directive (RED) and CRA, the US Cyber Trust Mark, and Singapore's Cybersecurity Labeling Scheme (CLS) – Silicon Labs stands ready to help device makers align with emerging mandates. Silicon Labs' holistic approach to security and expert guidance gives product teams a head start on regulatory readiness and consumer trust, backed by independent lab validation. With the EU's RED regulations now in effect as of August 1, 2025. Silicon Labs' Secure Vault – when properly implemented – delivers the features needed for compliance. Developers can register for an upcoming webinar, Stay Ahead of Global IoT Security Regulations with Silicon Labs, to learn how to integrate RED-ready security into their products. To learn more about how Silicon Labs is pioneering security-first design and helping device makers and future-proof their solutions, visit: Silicon Labs Security Overview CTO blog: Silicon Labs' Proven History of Firsts in IoT Security Silicon Labs Custom Part Manufacturing Service (CPMS) Silicon Labs Matter Developer Journe About Silicon Labs Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the worlds most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at
India.com
2 hours ago
- India.com
Dividend Stock: BSE-listed THIS company fixes record date for corporate action, Check details here
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल BSE-listed company HMA Agro has announced that its board of directors have considered and recommended a final dividend for its shareholders. The company has also fixed the record date to identify the eligibility of shareholders for this corporate action. Earlier to this, it had announced a stock split. The ex-date for the stock split was December 29, 2023. Also, the company has announced two final dividends before this. However, this final dividend is subject to approval at the Annual General Meeting (AGM). Dividend Record Date Showing their proactive approach, frozen meat exporter HMA Agro Industries has set August 22 as the record date for the payment of the final dividend. This date is crucial as it allows the company to determine the eligibility of shareholders for a corporate action, keeping everyone informed and up-to-date. 'Fixed Friday, August 22, 2025 as Record Date/Cut-off Date for determining the eligibility of shareholders to receive the final dividend subject to shareholders' approval at the AGM,' the company said. Dividend Amount Reassuring shareholders, the company's board of directors has recommended a final dividend of Rs 0.30 per equity share with a face value of Re 1 each for the financial year 2024-25, demonstrating the company's commitment to transparency and shareholder confidence. 'Considered and recommend the Final Dividend of Rs. 0.30/- Per Equity Share (30%) for the financial year 2024-25,' the filing reads. Share Price Today Meanwhile, the counter started the trading session in the red at Rs 30.85 against the previous close of Rs 31.10 on the BSE. This indicates a slight decrease in the stock price. While it touched the intraday high of Rs 30.91, the intraday low of the stock is Rs 30.47. The 52-week high of the stock is Rs 53.30 and the 52-week low is Rs 27.54. The market cap of the company is Rs 1,533.86. Since its debut in 2023, the stock of the company has shown a negative return of 49.22 per cent in two years and 39.10 per cent in one year, providing a comprehensive view of the stock's long-term performance and keeping the audience informed and aware of its history.
Economic Times
3 hours ago
- Economic Times
India Playbook 2025: Global equities on a risk-on trade, India struggles to keep pace
Live Events Case for going long on India? India, in contrast, has demonstrated economic resilience, supported by: Stable and growing forex reserves Falling fiscal deficit and stable current account deficit A banking system flush with liquidity Benign inflation levels Challenges to the Indian market which has led to its underperformance are Slowing Consumption Retail consumption growth has slowed from 28–29% in mid-2024 to ~9% as of May 2025. This raises concerns about demand sustainability and credit quality. To counter this, the government has announced tax cuts of 3–5% for middle-income earners (Rs 15–25 lakh), expected to boost disposable income and revive consumer spending by Q3FY26. Valuation Concerns Markets are trading near peak valuations. The large-cap index trades at a five-year forward P/E of 20x, while mid-caps and small-caps are at premiums of 30% and 15%, respectively. These elevated valuations may prompt investors to adopt a more selective and tactical approach to equity allocation. Indian Opportunities Ahead Investors may focus on sectors and themes offering structural growth and reasonable valuations: Finsumption: The housing finance sector is likely to benefit from increased budget allocations and a falling interest rate environment. Indian capital market players stand to gain from enhanced liquidity and credit growth. Capex-Linked Sectors: Capital goods and infrastructure sectors may benefit from government spending, which has increased seven-fold in the past 11 years. Home-Bias Manufacturing & 'Make in India' Themes: Pharmaceuticals and specialty chemicals present long-term growth potential driven by domestic demand and export opportunities. The India–UK FTA on textiles also opens up opportunities for export-focused companies. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Global equity markets have staged a strong rally over the past few months, driven by a favourable macroeconomic backdrop and renewed investor World Equity Index surged by an impressive 4.4% in the last month and a robust 14% over the past three months. The Nasdaq led the charge, posting a remarkable 19.5% gain during the same rally reflects a broad-based 'risk-on' sentiment among global investors, fuelled by improving liquidity conditions and a benign interest rate contrast, Indian large-cap equities have underperformed, declining 1.4% over the past month and registering a modest 3% gain in the last three Indian small-cap stocks have shown resilience, rising 13% in the past three months, in line with the global risk-on trend. This divergence between large and small caps highlights nuanced investor sentiment within the Indian rally appears largely driven by a globally benign interest rate scenario and an equity liquidity inrush. A global slowdown—due to political unrest (which is now resolving) and former U.S. President Donald Trump's tariff policies—has moderated net U.S. imports to almost half of what they were in January and February 2025, now standing at US$71 GDP has moderated downward to 3%, while U.S. inflation has risen to 3% for these factors are aiding strong GDP growth in the 6–7% range.A weaker global crude oil environment and early monsoons are providing additional tailwinds for the Indian FII flows appear to have reversed with a fall in the U.S. Dollar Index (DXY) of more than 10%, making the rupee more attractive than the US$28.7 billion in net outflows between October 2024 and March 2025, FIIs have returned with US$3.8 billion in inflows in this financial year. With FII ownership at a decade-low of ~16%, there is significant room for further Indian consumption story has slowed, and bottom-up stock picking could be more effective in the current environment.(The author is CIO and Head – Equity Advisory, ASK Private Wealth)Analyst Disclaimer: The information and opinions expressed above do not constitute investment advice. Please consult a SEBI-registered intermediary before making investment-related decisions. These views are personal and may differ from those of other ASK Asset and Wealth Management authors.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
