ReNew Energy Global Plc Announces Q4 and FY26 Financial Results

ReNew Energy Global Plc Reports Record Net Profit, Expands Clean Energy Portfolio Amid Strong Fiscal Year 2026 Performance

May 18, 2026 — ReNew Energy Global Plc, a leading global decarbonization solutions company, today announced its unaudited consolidated IFRS results for the fourth quarter and full fiscal year ended March 31, 2026, marking its highest-ever net profit and significant expansion of its renewable energy portfolio.

Record Financial Performance

For the fiscal year 2026 (FY26), ReNew reported total revenue of INR 150,635 million (US$1.6 billion), a 37.4% increase from FY25’s INR 109,070 million (US$1.16 billion). Net profit surged to INR 10,385 million (US$111 million), more than doubling the FY25 figure of INR 4,591 million (US$49 million). Adjusted EBITDA also rose to INR 98,503 million (US$1.05 billion), up from INR 79,188 million (US$844 million) in the previous fiscal year.

The fourth quarter of FY26 saw revenue of INR 39,548 million (US$421 million), compared to INR 34,391 million (US$367 million) in Q4 FY25. However, net profit for Q4 FY26 was INR 777 million (US$8 million), a decline from Q4 FY25’s INR 3,137 million (US$33 million), though Adjusted EBITDA remained strong at INR 23,663 million (US$252 million).

Expansion of Renewable Energy Portfolio

As of March 31, 2026, ReNew’s total portfolio grew to 20.2 GW, including 1.7 GW/6.2 GWh of battery energy storage systems (BESS), up from 17.3 GW at the same period in 2025. Commissioned capacity increased 16.6% year-over-year to 12.6 GW, with an additional 247 MW commissioned in Q4 FY26, bringing the total to 12.8 GW.

The company also expanded its solar manufacturing capabilities, with 6.4 GW of solar module manufacturing capacity and 2.5 GW of solar cell capacity, while announcing plans to add another 4 GW of solar cell capacity by December 2026.

Growth in Solar Manufacturing Revenue

ReNew’s external sales from solar module and cell manufacturing operations contributed significantly to its financial performance. For FY26, revenue from these operations reached INR 41,944 million (US$447 million), a 216% increase from FY25’s INR 13,253 million (US$141 million). Net profit from these sales was INR 8,845 million (US$94 million), while Adjusted EBITDA rose to INR 14,782 million (US$158 million), up from INR 4,212 million (US$45 million) in FY25.

FY27 Guidance and Future Outlook

ReNew provided guidance for FY27, expecting to complete 1.6–2.4 GW of new capacity by March 31, 2027. The company anticipates Adjusted EBITDA of INR 103–109 billion and Cash Flow to Equity of INR 18–22 billion, assuming weather and resource availability remain consistent with FY26. The guidance includes INR 1–2 billion from asset sales and INR 10–12 billion from external sales of solar modules and cells.

Forward-Looking Statements

The company noted that its financial projections are subject to risks, including weather variability, resource availability, and broader market conditions. These statements are based on current expectations and are not guarantees of future performance.

About ReNew Energy Global Plc

ReNew is a Nasdaq-listed (RNW, RNWWW) decarbonization solutions provider with a 20.2 GW clean energy portfolio, including 1.7 GW of BESS. The company operates across clean energy, digitalization, storage, and carbon markets, aiming to accelerate global decarbonization.

For more information, visit www.renew.com.

Press Contact: pr@renew.com

Investor Contact: Anunay Shahi, Nitin Vaid | ir@renew.com