ReNew Energy Global Plc posts Rs 7.4 crore net profit in March quarter
ReNew Energy Global Plc has posted a net profit of Rs 7.4 crore, mainly on the back of higher revenues.
“Net profit for Q4 FY23 (January-March 2023) was Rs 74 million (USD 1 million) compared to a net loss of Rs 3,554 million (USD 43 million) for Q4 FY22 (January-March 2022,” a company statement said.
The total income (or total revenue) for Q4 FY23 was Rs 2,591.6 crore (USD 315 million), an increase of 47.1 per cent over Q4 FY22.
The company’s net loss narrowed to Rs 502.9 crore (USD 61 million) in fiscal 2022-23 from a loss of Rs 1,612.8 crore (USD 196 million) for FY22.
