Renew Energy Global Plc (RNW)
NASDAQ:RNW
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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution, record profitability, significant portfolio expansion and successful balance sheet repair (deleveraging, fundraising, asset monetization), alongside clear manufacturing and C&I growth drivers and robust ESG recognitions. Offsetting these positives are near‑term operational headwinds from grid curtailments and transmission constraints, some regulatory uncertainty (DSM/CRC), near‑term refinancing needs (~USD 1bn) and expected moderation in manufacturing margins in FY'27. On balance the positive operational and financial momentum and strengthened liquidity/receivables position outweigh the headwinds.Company Guidance
Record Profitability and Strong EBITDA Growth
Adjusted EBITDA of INR 98.5 billion for FY'26, representing ~25% year‑on‑year growth. Profit after tax of INR 10.4 billion, up 2.3x versus FY'25 (third consecutive profitable year). Interest expense to adjusted EBITDA ratio improved from 66% to 61.5%.
Portfolio Expansion and Project Execution
Operating portfolio reached ~12.8 GW (≈25% YoY growth on an asset‑sales adjusted basis). Commissioned a company‑high 2.4 GW during FY'26 (1.7 GW solar, 600 MW wind). Committed portfolio at 20.2 GW including 1.7 GW BESS; total pipeline exceeds 26 GW (≈2.6x increase since listing in Aug 2021).
Manufacturing Business Scaling into a Growth Engine
Manufacturing contributed INR 14.8 billion to consolidated adjusted EBITDA (stand‑alone EBITDA > INR 19 billion). Company invested ~USD 80 million and raised USD 100 million from BII (~6% stake). 4 GW TOPCon cell facility expected to start production toward end of the fiscal year; announced 6.5 GW ingot & wafer plant (capex ~INR 42 billion) to strengthen backward integration.
Balance Sheet Strengthening and Capital Recycling
Net debt to EBITDA declined by ~1.1 turns YoY. Raised a record USD 375 million during the year (USD 195m via fundraises in mature businesses + USD 180m from sale of 600 MW). Refinanced ~USD 2 billion of debt in FY'26. Cash flow to equity rose ~45% to INR 21.6 billion. Supreme Court favorable order on ~50% of Andhra Pradesh overdue receivables and initial payments being received; DSO expected to drop to under 50 days next year.
C&I Platform Momentum and Strategic Customers
C&I portfolio at 2.7 GW (≈7x growth over last 5 years) with ~2.2 GW commissioned. Nearly 50% of contracted C&I capacity tied to large technology companies and hyperscalers. Raised USD 95 million for an 11.3% stake led by a LeapFrog consortium to fund C&I growth.
Clear FY'27 Guidance and Operational Visibility
FY'27 adjusted EBITDA guidance of INR 103–109 billion (management notes this is a 17% increase from guidance provided last year). Manufacturing contribution expected at INR 10–12 billion; asset recycling expected INR 1.2 billion. CapEx/execution visibility: 50% of modules already at site, 100% of battery and wind turbine prices locked; planned construction of 1.6–2.4 GW and cash flow to equity guidance INR 18–22 billion.
Recognized ESG Leadership
Top ESG recognitions: S&P Global CSA Yearbook top 10% with score of 84, CDP Supplier Engagement A rating (second consecutive year), MSCI AAA rating (highest possible). CSR programs impacted >1.7 million lives; workforce female representation at 17.6% with a target of 30% by 2030.
RNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 18, 2026 | $5.35 | $5.47 | +2.24% |
Feb 16, 2026 | $5.35 | $5.35 | 0.00% |
Nov 10, 2025 | $7.55 | $7.40 | -1.99% |
Aug 13, 2025 | $7.65 | $7.70 | +0.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Renew Energy Global Plc (RNW) report earnings?
Renew Energy Global Plc (RNW) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is Renew Energy Global Plc (RNW) earnings time?
Renew Energy Global Plc (RNW) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNW EPS forecast?
RNW EPS forecast for the fiscal quarter 2027 (Q1) is 0.12.