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ReNew Energy Global (RNW)
NASDAQ:RNW
Earnings Data
Report Date
Jun 10, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.16Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive: the company showed strong top-line and EBITDA growth, meaningful improvements in financing cost and capital recycling, manufacturing outperformance, upgraded guidance and clear de-risking actions (solar + BESS pivot). Key risks remain transmission/curtailment exposure, wind underperformance and elevated consolidated leverage that management intends to reduce over multiple years. ESG leadership and large C&I customer relationships are additional positives offsetting the sector execution challenges.Company Guidance
Operating Capacity and Portfolio Growth
Operating capacity increased from 10.7 GW to 11.8 GW (a 19% or ~2 GW increase over the last 12 months). Overall portfolio stands at 19.2 GW inclusive of ~1.5 GW of BESS.
Strong Adjusted EBITDA and Revenue Growth
Adjusted EBITDA increased 31% to INR 74.8 billion for the first 9 months. Revenue for the first 9 months increased 48% year-over-year driven by higher operating megawatts and manufacturing contribution.
Profit After Tax Improvement
Profit after tax rose more than sixfold year-over-year for the 9-month period (exact figure not provided), indicating a meaningful jump in profitability.
Raised Lower-Cost Financing
Issued a $600 million bond at 6.5% (down from prior 7.95%), with >$2 billion demand; this refinancing is expected to save approximately $9 million of annual interest expense and is the first bond issued via GIFT City.
Capital Recycling and Liquidity Generation
Sold 300 MW of solar assets this quarter (600 MW sold year-to-date), raising $275 million via capital recycling (including $100 million from BII for manufacturing).
Manufacturing Business Outperformance
Manufacturing contributed INR 10.8 billion to adjusted EBITDA in the first 9 months. Modules produced ~3 GW YTD (12+ MW/day capacity), cell facility produced ~1.4 GW YTD (5.5+ MW/day), and 2.6+ GW of modules sold YTD (~1.5 GW externally).
Upgraded Guidance and Project Execution Targets
Raised the lower end of adjusted EBITDA guidance by ~3% to INR 90–93 billion for the fiscal year. Project construction guidance narrowed and increased to 1.8–2.4 GW (from 1.6 GW lower end). Expected cash flow to equity of INR 14–17 billion.
De-risking Portfolio via Solar + BESS Reconfiguration
Reduced committed wind capacity from 2.5 GW to ~850 MW and increased solar + BESS mix to lower CapEx, reduce execution risk and improve predictability. Reconfiguration projected to reduce build-out CapEx by ~INR 60 billion while reducing EBITDA by only ~INR 6.5–6.8 billion, improving EV/EBITDA economics.
Leverage Trending Down
Headline leverage declined from 8.2x (Dec 2024) to ~7x at present, 6.7x excluding JV contributions; trailing 12-month leverage for the operating portfolio is ~5.6x, with a target to reduce headline leverage toward ~5.5x over time.
ESG Leadership and Recognition
LSEG score 90.41/100 (top quartile, ranked 2nd of 346 sector companies, +7% YoY). CDP A for Climate Change and A‑ for Water (top 4% globally). Achieved water-positive certification for 2 sites and 18.2% reduction in Scope 1 & 2 emissions vs baseline; carbon-neutral verification for the fifth consecutive year.
C&I Segment Scale and High-Quality Customers
C&I portfolio expanded ~30% year-over-year and is among the largest in the country; 50% of the C&I portfolio is contracted with major global tech customers such as Amazon, Microsoft and Google.
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 |
|---|---|---|---|
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% |
Jun 16, 2025 | $6.79 | $7.06 | +3.98% |
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 Jun 10, 2026, After Close (Confirmed).
What is ReNew Energy Global (RNW) earnings time?
ReNew Energy Global (RNW) earnings time is at Jun 10, 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 2026 (Q4) is -0.16.