The earnings call reflects a strong quarter with significant growth in renewable capacity, financial performance, and manufacturing business success. However, there are challenges in the bidding environment and external factors affecting solar PLFs. The company's disciplined approach in bidding and ESG achievements further bolster a positive outlook.

Company Guidance

During ReNew's first quarter fiscal year 2026 earnings call, the company reiterated its commitment to achieving its fiscal year goals, highlighting a robust performance with an adjusted EBITDA of INR 27.2 billion, reflecting a 43% growth year-over-year. ReNew has commissioned 2.2 gigawatts of renewable energy capacity since July of the previous year, marking a 23% growth in their portfolio after adjusting for asset sales. The company has also signed PPAs for 3.7 gigawatts of installed capacity, aiming for returns at the higher end of their targeted IRR range. The manufacturing business contributed INR 5.3 billion to the adjusted EBITDA, producing 900 megawatts of modules and 400 megawatts of cells, and the guidance for manufacturing's adjusted EBITDA was revised upwards to INR 8 billion to INR 10 billion. Additionally, ReNew's ESG efforts were notable, with an 18.2% reduction in Scope 1 and 2 emissions from the FY '22 baseline and a 51% improvement in water savings. The company is on track to complete construction of 1.6 to 2.4 gigawatts of capacity in fiscal 2026 and expects to generate cash flow to equity of INR 14 billion to INR 17 billion.

Significant Renewable Capacity Expansion

Commissioned around 2.2 gigawatts of renewable energy capacity since July of last year, marking a 23% growth in the portfolio after adjusting for asset sales.

Strong Financial Performance

Delivered an adjusted EBITDA of INR 27.2 billion, a 43% growth year-over-year, and a profit after tax of INR 5.1 billion, higher than the profit for the full fiscal 2025.

Manufacturing Business Success

Manufacturing business contributed INR 5.3 billion towards adjusted EBITDA for the quarter, with the business fully stabilized at an operational capacity of 6.4 gigawatts of modules and 2.5 gigawatts of cells.

ESG Achievements

Successfully reduced Scope 1 and Scope 2 emissions by 18.2% from the FY '22 baseline, surpassing the target of 12.6%, and saved 540,372 cubic meters of water, marking a 51% improvement.

Marquee Investment

Secured a marquee investment from British International Investments for over USD 100 million for approximately 10% stake in the solar manufacturing business.

ReNew Energy Global (RNW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RNW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2026 (Q2)	0.16 / -	0.14	―	―	―
Aug 13, 2025	2026 (Q1)	0.13 / 0.16	0.003	5625.00% (+0.15)
Jun 16, 2025	2025 (Q4)	0.04 / 0.10	0.019	424.31% (+0.08)
Feb 18, 2025	2025 (Q3)	-0.06 / -0.11	-0.097	-10.85% (-0.01)
Nov 19, 2024	2025 (Q2)	0.11 / 0.14	0.108	29.69% (+0.03)
Aug 15, 2024	2025 (Q1)	0.06 / <0.01	0.085	-96.76% (-0.08)
Jun 05, 2024	2024 (Q4)	-0.04 / 0.02	0.003	496.43% (+0.02)
Feb 20, 2024	2024 (Q3)	-0.13 / -0.10	-0.142	31.75% (+0.05)
Nov 20, 2023	2024 (Q2)	0.03 / 0.11	-0.028	487.45% (+0.14)
Aug 18, 2023	2024 (Q1)	0.05 / 0.08	0	―

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
Aug 13, 2025	$7.65	$7.70	+0.65%
Jun 16, 2025	$6.79	$7.06	+3.98%
Feb 18, 2025	$6.76	$6.45	-4.59%
Nov 19, 2024	$5.48	$5.49	+0.18%

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 (RNW) report earnings?

ReNew Energy Global (RNW) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is ReNew Energy Global (RNW) earnings time?

ReNew Energy Global (RNW) earnings time is at Nov 12, 2025, 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 2026 (Q2) is 0.16.

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