Q2 2025 Renew Energy Global PLC Earnings Call Transcript
Key Points
- ReNew Energy Global PLC (RNW) reported a 14% growth in adjusted EBITDA for the quarter, driven by cost optimization.
- The company has commissioned 860 megawatts to date in this fiscal year and is on track to meet its guidance of installed megawatts.
- ReNew Energy Global PLC (RNW) has secured an external order book of over 900 megawatts, ensuring surplus capacity is sold in the market.
- The company's solar module manufacturing facilities are fully operational, with trial production of cells having started.
- ReNew Energy Global PLC (RNW) has achieved a 31% increase in profit after tax, primarily due to lower G&A and finance costs.
- The company's share price movement has been affected by US macro factors, despite these having little bearing on its business.
- There is a potential risk of delay in the RTC project due to transmission readiness, although the company does not currently expect this.
- ReNew Energy Global PLC (RNW) faces challenges with wind PLFs, which are down by 300 basis points, affecting performance.
- The company has legacy PPAs with lower tariffs, which may not be favorable compared to current market conditions.
- There is a significant gap in PPA conversion, with about 40 gigawatts of PPAs not signed off from all auctions.
Thank you for standing by, and welcome to the ReNew Q2 2025 earnings report.
(Operator Instructions) I would now like to hand the conference over to Anunay Shahi. Please go ahead.
Thank you. Good morning, everyone, and thank you for joining us. We did send out a press release announcing results for fiscal 2025 second quarter ended September 30, 2024, last night, and a copy of the press release and the earnings presentation are available in the Investor Relations section on ReNew's website at www.renew.com.
With me today are Sumant Sinha, our Founder, Chairman, and CEO; Kailash Vaswani, our CFO; and Vaishali Sinha, Co-Founder and Chairperson, Sustainability.
After the prepared remarks, which we expect will take about half an hour, we will open the call for questions. Please note, our Safe Harbor statements are contained within our press release, presentation materials, and materials available on our website. These
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