Timesof24
Final Up to date: February 17, 2023, 17:41 IST
ReNew Power International’s internet loss through the first 9 months of FY23 (April-December 2022) additionally shrank to Rs 510.three crore ($62 million), in contrast with Rs 1,257.three loss ($152 million) in the identical interval a 12 months in the past.
ReNew Power International’s complete revenue within the third quarter of FY23 was Rs 16,077 million or Rs 1,607.7 crore ($194 million), up 19.Four per cent in comparison with the identical quarter of FY22
ReNew Power International Plc on Friday mentioned that its loss has narrowed to Rs 401.three crore within the December 2022 quarter from Rs 638.Four crore in the identical interval a 12 months in the past. “Internet loss for Q3 FY23 was Rs 4,013 million (USD 49 million) in comparison with a internet lack of Rs 6,384 million (USD 77 million) for Q3 FY22,” an organization assertion mentioned.
Whole revenue (or complete income) within the third quarter of FY23 was Rs 16,077 million or Rs 1,607.7 crore (USD 194 million), up 19.Four per cent in comparison with the identical quarter of FY22, it said.
Internet loss through the first 9 months of FY23 (April-December 2022) additionally shrank to Rs 510.three crore (USD 62 million) in contrast Rs 1,257.three loss (USD 152 million) in the identical interval a 12 months in the past. Whole revenue through the first 9 months of FY23 stood at Rs 6,349.three crore (USD 768 million), 23.1 per cent increased from the identical interval a 12 months in the past, it said.
As of December 31, 2022, the corporate’s portfolio consisted of 13.Four GWs, a 30.2 per cent improve 12 months on 12 months, of which 7.eight GWs are commissioned and 5.6 GWs are dedicated. Roughly 0.three GW of Energy Buy Agreements (PPAs) have been signed within the quarter and just one per cent of the overall portfolio awaits PPAs/contracts, it said.
“Days Gross sales Excellent (DSO) ended Q3 FY23 at 178 days, a 78 day enchancment 12 months on 12 months. On the again of clear preparations for future cost schedules agreed with a number of state discoms, DSOs are on monitor for a considerable enchancment over the rest of the 12 months,” it mentioned.
ReNew is the main decarbonisation options firm listed on Nasdaq. ReNew’s clear vitality portfolio of 13.Four GWs on a gross foundation as of December 31, 2022, is among the largest globally.
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