net-profit

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IREDA’s Q4 FY 2025 Profits Up 49% as Non-Performing Assets Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 49% year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 16, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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Torrent’s Q3 Profit Up 31% on Higher Merchant Sales and Power Demand

Gujarat-based power company Torrent Power recorded a profit after tax (PAT) of ₹4.89 billion (~$55.9 million) for the third quarter (Q3) of the financial year (FY) 2025,...

February 5, 2025

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Tina Freese

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Finance and M&A

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Other

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Renewable Energy
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IREDA’s Q3 Profits Record a 27% YoY Increase

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a profit after tax of ₹4.25 billion (~$49.52 million) during the third quarter...

January 10, 2025

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Tina Freese

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Other

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Renewable Energy
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PFC’s Q2 FY 2025 Proft Rises 13.6%, Loan Asset Quality Improves

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹43.70 billion (~$524.5 million) during the second quarter (Q2) of the financial year (FY)...

November 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Strong Solar EPC Business Growth Drives Gensol’s Profit Up 29% in Q2 FY 2025

Solar energy solutions provider Gensol Engineering reported a consolidated revenue of ₹34.7 billion (~$416 million), a 14% year-over-year (YoY) increase from ₹30.5...

October 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Scatec’s Q1 Net Loss Narrows by 73%, Contribution from New Projects Increase

Norway-based independent power producer Scatec reported a net loss of NOK 26 million (~$2.3 million) during the first quarter (Q1) of 2024, marking an improvement of 73%...

May 2, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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REC Limited Records Highest-Ever 9M Profit of ₹100 Billion in FY24

Public infrastructure finance company REC Limited recorded a revenue of ₹120 billion (~$1.44 billion) for the third quarter (Q3) of the financial year (FY) 2023-24, a 23....

January 23, 2024

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Satish Shetty

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Finance and M&A

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Renewable Energy
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Waaree Renewable Tech’s Profit Surges by 158% to ₹645 Million YoY in Q3 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹644.6 million (~$7.7 million)...

January 23, 2024

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Arjun Joshi

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Other

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Renewable Energy
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REC’s Net Profit Up 38% YoY to ₹38 Billion in Q2 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹37.73 billion (~$453.2 million) in the second quarter (Q2) of the financial year...

November 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Waaree Renewable Tech’s Profit Surges by 124% YoY in Q2 FY24

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹182.9 million (~$2.2 million)...

October 27, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Iberdrola Records Marginal Increase in Q2 Profit, Solar Capacity Reaches 5 GW

Spain-based independent power producer Iberdrola recorded a net profit of €1.04 billion (~$ 1.14 billion) during the second quarter (Q2) of the financial year (FY) 2023,...

August 2, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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REC’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year...

July 27, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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EPC Projects Drive Waaree’s Profit Up 12% YoY in Q1 FY 2024

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹111 million (~$1.36 million)...

July 25, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023

REC Limited‘s consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6...

October 28, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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REC Limited’s Net Profit Hits All-Time High in Q3 FY 2021

REC Limited has announced that it has registered a net profit of ₹22.6 billion (~$310.9 million) in the third quarter (Q3) of the financial year (FY) 2021, an increase...

February 9, 2021

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Nithin Thomas

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Finance and M&A

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Other

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