ReNew Power’s loss narrows to Rs 355 cr in March qtr due to high revenues
ReNew Power has reported narrowing of loss to Rs 355.4 crore for March quarter 2021-22 mainly on back of higher revenues.
Net loss in the year-ago period was Rs 393.9 crore, a company statement said.
Total income in the quarter under review rose 31.1 per cent to Rs 1,761.5 crore.
Net loss in 2021-22 was Rs 1,612.7 crore as against Rs 803.3 crore in previous year.
Net loss in last fiscal year included Rs 1,322.4 crore of charges related to listing on the Nasdaq Stock Market LLC, issuance of share warrants, listing related share-based payments, and other factors, the company explained.
