ReNew Results for Q4 And Full Fiscal Year 2024- Net Profit Rises To $50 Million Updated On Thu, Jun 6th, 2024 by Saurenergy Nasdaq listed, Sumant Sinha led ReNew Energy Global Plc , has announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024. Operating Highlights: • As of March 31, 2024, the company’s portfolio consisted of ~13.5 GWs, of which ~9.5 GWs are generating revenue and ~4 GWs are committed, compared to […] Read more
Solex Registers 126% YoY Growth In Revenue From Ops In Fy23-24 Updated On Thu, May 30th, 2024 by Saurenergy Maintaining the trend of strong financial results from Module manufacturers, Surat, Gujarat-based Solex Energy financial results for FY 2023-24 make for impressive reading. The company achieved a revenue of Rs. 3,659.2 million, from its operations. This increased from Rs. 1,617.1 million in FY 2022-23 with a 126% year-over-year growth. The company’s EBITDA improved to Rs. […] Read more
Alpex Solar Net Profit Increases 680% YoY After IPO Updated On Tue, May 28th, 2024 by Saurenergy Alpex Solar Limited has released its yearly financial statements since its successful IPO on February 15, 2024, is this year. Net earnings for the company increased by 680 percent from INR 3.72 crore in FY23 to INR 29.05 crore in FY24. Operational revenues for the company increased to INR 404.43 crore from INR 182.69 crore […] Read more
Waaree Renewable Geared For Much Higher Volumes if Required Updated On Tue, May 28th, 2024 by Saurenergy Waaree Renewable technologies Limited, the listed EPC arm of the Waaree Group, has been on a tear in the past 12 months. Revenue for full year FY24 stood at Rs 876.44 crores, representing a growth of 149% YoY as compared to Rs 350 crores in FY23. EBITDA for FY24 stood at Rs 207 crores as […] Read more
Zypp Electric Raises $15Mn Investment From ENEOS Updated On Mon, May 27th, 2024 by Saurenergy Zypp Electric, an Indian-based tech-enabled EV-as-a-service platform, has kicked-off its Series C funding round, raising $15 million. This round was led by Japanese major ENEOS, comprised of Series C1 funding of $15 million in equity closure as part of its ongoing $50m round, which splits into $40m equity and $10m in debt. The equity funding […] Read more
Q4 Results: Suzlon Reports 30% Rise In Revenue, 20% Dip In PAT Updated On Fri, May 24th, 2024 by Saurenergy Indian Wind Turbine Manufacturer Suzlon Energy Limited today released its annual and Q4 financial results. The audited consolidated results claimed the company reported a 30 percent rise in its total revenues compared to the Q4 of FY23. The Pune-based company however reported a 20 percent dip in its Profit After Tax. As per the details […] Read more
Insolation Energy Reaps Gains With Record FY24 Numbers, Plans Expansion Updated On Mon, May 20th, 2024 by Saurenergy Rajasthan’s leading solar firm, Insolation Energy Limited (INA Solar), has announced impressive financial results for the fiscal year ending March 31, 2024. The company reported a turnover of Rs 741.32 crore, a substantial increase of 165% from the Rs 280.05 crore recorded in the previous fiscal year. Gross margins surged by 237%, reaching Rs 111.65 crore […] Read more
India’s Annual RE Capacity To Remain At 15-18GW Over FY25-FY26: Report Updated On Thu, May 16th, 2024 by Saurenergy India Ratings and Research (Ind-Ra) expects the annual renewable capacity addition to maintain pace and remain at 15-18GW over FY25-FY26, owing to a significant reduction in equipment prices, continued policy support, availability of liquidity and investment plans of some of the large corporate players in the renewable sector for growth. However, the execution timelines of […] Read more
News Briefs May 16- ReNew & SG Tie-Up, Nextracker’s Milestone, Carbon PV Updated On Thu, May 16th, 2024 by Saurenergy ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects NASDAQ listed ReNew, has announced the signing of a Memorandum of Understanding (MoU) with French banking major Societe Generale, to support the financing and development of the Company’s various strategic energy transition projects both in India and globally. […] Read more
