ReNew Energy’s Q1 profit jumps to ₹513 crore on higher solar module sales

New Delhi: Renew Energy Global, which is on the Nasdaq list on Thursday La513.1 Crore, higher solar module and power sales in the fall of 26 years in April-June.

Net profit of the renewable energy company LaA year ago, 39.4 Crore during the April-June period.

Total income increased by 65% annually LaThe company, 4.118.2 Crore in June quarter, said in a statement.

Income from power sales La2,547.3 Crore ($ 297 million), La2.233.5 Crore ($ 260 million) in April-June 25 periods.

Total income for quarter FY26 from module and cell production operations La1,322.3 Crore ($ 154 million).

“Corrected EBITDA (pre -interest earnings, taxes, depreciation and depreciation) La27.220 million (317 million dollars), La18,979 million (221 million dollars) in the quarter FY25, “he said.

As of June 30, the company’s portfolio consisted of 18.2 GW renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 2.5 GW cell production with 6.5 GW solar module production and operational and 4 GW cell production facilities.

“The company reiterates the 26 financial year guidance by the end of the financial year of 2026 and is waiting to complete the construction of 1.6 to 2.4 GWS by the end of the financial year of 2026.

In May, the British International Investment (BII) invested $ 100 million in the solar module and Renew’s cell production is a subsidiary. Investment will be deployed for the addition of 4 Gigawatt Sun module and cell production capacity.

Is it special?

Last month, supporters revised their proposals to make their renewable energy company special on the Nasdaq list.

The consortium increased the bid price to $ 8 per share and will be paid in cash compared to the $ 7.07 original bid per share. Renew’s shares changed little from $ 7,66 in New York on Thursday.