financials

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Gensol Engineering’s Net Profit Surges Eight Fold to ₹120 Million in Q3 FY24

Engineering and consulting firm Gensol Engineering posted a net profit of ₹123.1 million (~$1.5 million) in the third quarter (Q3) of the financial year (FY) 2024, an...

January 24, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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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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Strong Domestic EPC Operations Lowers Sterling and Wilson’s Q3 Net Loss

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss reduced by 37%...

January 19, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Tata Power Reports Net Profit of ₹10 Billion in Q2 FY24, Up 9% YoY

Tata Power, an integrated power company, clocked a net profit of ₹10.2 billion (~$122.5 million) in the second quarter (Q2) of the financial year (FY) 2024, marking a...

November 8, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.3 billion in the third quarter (Q3) of the financial year (FY) 2023, a 36% year-over-year (YoY)...

October 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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PFC Logs Net Profit of ₹60 Billion in Q1 FY 2023, Up 30% YoY

Power Finance Corporation (PFC) has recorded a net profit of ₹59.82 billion (~$720.9 million) for the first quarter (Q1) of the financial year (FY) 2024, a...

August 22, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Scatec Posts a Profit of $38 Million in Q2 on Increased Project Development

Norway-based independent power producer Scatec reported a net profit of NOK402 million (~$38.07 million) in the second quarter (Q2) of 2023, a significant improvement...

August 21, 2023

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Satish Shetty

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Other

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Renewable Energy
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Interest Expense Dents Eos Energy’s Earnings in Q2 Despite Lower Costs

Energy storage solutions provider Eos Energy Enterprises‘ net loss widened to $131.6 million for the second quarter (Q2) of the financial year 2023 from $56.7...

August 16, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Plug Power’s Q2 Loss Widens to $236.4 Million on Higher Operating Expenses

Plug Power, a U.S.-based hydrogen fuel cell company, experienced a wider net loss of $236.4 million in the second quarter (Q2) of 2023, compared to $173.3 million in the...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Power Records a 6% YoY Increase in Profit in Q1 FY2023

Gujarat-based power company Torrent Power posted a profit after tax of ₹5.32 billion (~$64.3 million) for the first quarter (Q1) of the financial year (FY) 2023-24, a...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Sembcorp’s Profit from Renewables Increases by 54% to $87 Million in 1H 2023

Singapore-based renewable energy company Sembcorp Industries recorded a net profit of S$602 million (~$449.7 million) in the first half (1H) of 2023, an increase of 55%...

August 4, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Adani Green Registers a 55% YoY Rise in Revenue in Q1 FY24

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹20.59 billion (~$250.36 million) from the sale of energy in the first quarter (Q1) of the...

July 31, 2023

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Arjun Joshi

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Other

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Renewable Energy
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NextEra’s Net Income Jumps 102% YoY in Q2, on Higher Renewable Additions

U.S.-based energy company NextEra Energy reported a net income of $2.79 billion for the second quarter (Q2) of 2023, an increase of over 102% year-over-year (YoY),...

July 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Wind Turbine Maker Suzlon’s Net Profit Slides to ₹1 Billion in Q1 FY24

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹1.01 billion (~$12.3 million) during the first quarter (Q1) of the financial year (FY) 2024, a decrease...

July 26, 2023

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Arjun Joshi

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Finance and M&A

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Wind
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ReNew Swings to ₹74 Million Profit in Q4 FY23 on Increased Operating Capacity

Independent renewable power producer ReNew recorded a net profit of ₹74 million (~$1 million) in the fourth quarter (Q4) of the financial year (FY) 2023, compared to a...

June 7, 2023

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Arjun Joshi

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Other

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Renewable Energy

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