ReNew Energy Global Plc Reports 43% YoY Growth in Adjusted EBITDA, 13-Fold Rise in Net Profit in Q1 FY26

ReNew Energy Global Plc reported Q1 FY26 earnings with a 43% YoY increase in Adjusted EBITDA and a 13-fold rise in net profit. Total income rose to INR 41,182 million ($480 million), and revenue from power sales reached INR 25,473 million ($297 million). The company's net profit surged to INR 5,131 million ($60 million). ReNew's expansion in solar module and cell manufacturing contributed significantly to its financial performance. The company plans to complete 1.6-2.4 GWs by FY26 and anticipates continued gains from asset sales and external sales from manufacturing operations.

ReNew Energy Global Plc (RNW) has announced its Q1 FY26 earnings, showcasing robust financial performance. The company reported a significant 43% year-over-year (YoY) increase in Adjusted EBITDA and a 13-fold rise in net profit. Total income surged to INR 41,182 million ($480 million), while revenue from power sales reached INR 25,473 million ($297 million). The company's net profit surged to INR 5,131 million ($60 million) [1].

ReNew's expansion in solar module and cell manufacturing significantly contributed to its financial performance. The company's portfolio consisted of ~18.2 GWs (+1.1 GWh BESS) as of June 30, 2025, compared to ~15.6 GWs as of June 30, 2024. The company's commissioned capacity increased by 14.8% YoY to ~11.1 GWs (+150 MWh BESS) [1].

Looking ahead, ReNew expects to complete the construction of 1.6 to 2.4 GWs by the end of Fiscal Year 2026. The company's Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. ReNew anticipates continued net gains in sales of assets and external sales from manufacturing operations, which are part of its capital recycling strategy [1].

The company's earnings results were announced on August 13, 2025, with a conference call scheduled to discuss the earnings results on August 14, 2025 [1].

References:
[1] https://finance.yahoo.com/news/renew-announces-results-first-quarter-200000258.html
[2] https://seekingalpha.com/news/4485481-renew-energy-global-reports-q1-results
[3] https://investor.renew.com/news-releases/news-release-details/renew-announces-results-first-quarter-fiscal-year-2026-q1-fy26