Quarterly ResultMay 18, 2026, 06:36 AM
ReNew FY26 Net Profit +126% to $111M; Q4 Net Profit Down
AI Summary
ReNew Energy Global plc announced its unaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended March 31, 2026. For FY26, total income increased to INR 150,635 million (US$1,605 million) and net profit rose to INR 10,385 million (US$111 million). Q4 FY26 saw total income increase to INR 39,548 million (US$421 million), but net profit decreased to INR 777 million (US$8 million) primarily due to the absence of a gain on asset sale recognized in Q4 FY25 and higher finance costs. The company also provided FY27 guidance and announced a US$95 million equity investment in its commercial and industrial platform, ReNew Green Energy Solutions.
Key Highlights
- ReNew FY26 Total Income INR 150,635M (US$1,605M), up from INR 109,070M in FY25.
- ReNew FY26 Net Profit INR 10,385M (US$111M), up from INR 4,591M in FY25.
- ReNew Q4 FY26 Total Income INR 39,548M (US$421M), up from INR 34,391M in Q4 FY25.
- ReNew Q4 FY26 Net Profit INR 777M (US$8M), down from INR 3,137M in Q4 FY25.
- Commissioned capacity increased 16.6% YoY to ~12.6 GWs as of March 31, 2026.
- Solar module and cell manufacturing operations FY26 external sales INR 41,944M (US$447M).
- Secured US$95M equity investment in ReNew Green Energy Solutions led by LeapFrog Investments.
- FY27 Adjusted EBITDA guidance is INR 103-109 billion and Cash Flow to Equity INR 18-22 billion.
Price Impact
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