18 August 2026
ReNew
Gurugram, India, August 18, 2026 - ReNew Energy Global Plc (“ReNew”,
“the Company”, “we” or “our”) (Nasdaq: RNW, RNWWW), a leading decarbonization
solutions company, today announced its unaudited consolidated IFRS results for
Q1 FY27.
Operating Highlights:
•
As of
June 30, 2026, the Company’s portfolio consisted of ~20.5 GW (including 1.7
GW/6.2 GWh of BESS). Additionally, ReNew has 6.4 GW of solar module and 2.5 GW
of solar cell manufacturing capacities and is expanding its solar cells
manufacturing capacity by another 4 GW, which is expected to be operational by
December 2026.
•
The Company’s commissioned capacity has increased 17%
year-over-year to ~13.1 GW (including 100 MW/250 MWh of BESS) as of June 30,
2026. Subsequently, the Company commissioned 466 MW of solar, increasing
commissioned capacity as of date to ~13.5 GW, net of the 100 MW sold as part of
our capital recycling strategy.
•
Total Income (or total revenue) for Q1 FY27 was INR
47,864 million (US$ 506 million), compared to INR 41,182 million (US$ 435
million) for Q1 FY26. Net profit for Q1 FY27 was INR 5,953 million (US$ 63
million), compared to INR 5,131 million (US$ 54 million) for Q1 FY26. Adjusted
EBITDA for Q1 FY27 was INR 30,392 million (US$ 321 million), compared to INR
27,220 million (US$ 288 million) in Q1 FY26.
•
Revenue from the sale of power for Q1 FY27 was INR
26,749 million (US$ 283 million), compared to INR 25,473 million (US$ 269
million) for Q1 FY26.
•
Total Income (or total revenue) for Q1 FY27 from
external sales of our solar module and cell manufacturing operations was INR
16,777 million (US$ 177 million), compared to INR 13,223 million (US$ 140
million) for Q1 FY26. Net profit and Adjusted EBITDA for Q1 FY27 from external
sales of our solar module and cell manufacturing operations were INR 3,914
million (US$ 41 million) and INR 5,651 million (US$ 60 million) respectively,
compared to INR 3,562 million (US$ 38 million) and INR 5,292 million (US$ 56
million) respectively for Q1 FY26.
FY 27 Guidance
The Company continues to expect to complete the
construction of 1.6 to 2.4 GW by the fiscal year ending March 31, 2027
(“FY27”). The Company’s Adjusted EBITDA and Cash Flow to Equity guidance for
FY27 are subject to weather and resource availability being similar to FY26.
The Company continues to anticipate net gains from asset sales, which is part
of ReNew’s capital recycling strategy, and has included INR 1–2 billion related
to asset sales in the Adjusted EBITDA. The Company continues to expect external
sales from our module and cell manufacturing operations and has included INR
10–12 billion of Adjusted EBITDA against such sales in this guidance.
|
Financial Year |
Adjusted EBITDA |
Cash Flow to equity (CFe) |
|
FY27 |
INR 103 – INR 109 billion |
INR 18 – INR 22 billion |
Note:
the translation of Indian rupees into U.S. dollars has been made at INR 94.66
to US$ 1.00. See note 1 for more information.
Webcast and Conference call
information
The conference call can be
accessed live at: https://edge.media-server.com/mmc/p/rx78ue9j/
or by phone (toll-free) by dialing:
US/Canada: (+1) 855 881 1339
France: (+33) 0800 981 498
Germany: (+49) 0800 182 7617
Hong Kong: (+852) 800 966 806
India: (+91) 0008 0010 08443
Japan: (+81) 005 3116 1281
Singapore: (+65) 800 101 2785
Sweden: (+46) 020 791 959
UK: (+44) 0800 051 8245
Rest of the world: (+61) 7 3145
4010 (toll)
An audio replay will be
available following the call on our investor relations website at https://investor.renew.com/news-events/events.
Notes:
(1)This press release contains translations of certain Indian rupee
amounts into U.S. dollars at specified rates solely for the convenience of the
reader. Unless otherwise stated, the translation of Indian rupees into U.S.
dollars has been made at INR 94.66 to US$ 1.00, which was the noon buying rate
in New York City for cable transfer in non-U.S. currencies as certified for
customs purposes by the Federal Reserve Bank of New York on June 30, 2026. We
make no representation that the Indian rupee or U.S. dollar amounts referred to
in this press release could have been converted into U.S. dollars or Indian
rupees, as the case may be, at any particular rate or at all.
Forward Looking Statements
This release includes
“forward-looking statements” within the meaning of the “safe harbor” provisions
of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words such as
“estimate,” “objective,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target,” “milestone,” “designed
to,” “proposed” or other similar expressions that predict or imply future
events, trends, terms and/or conditions or that are not statements of
historical matters. Such forward-looking statements are based on current
expectations and projections about future events and various assumptions. The
Company cautions readers of this release that these forward-looking statements
are subject to risks and uncertainties, most of which are difficult to predict
and many of which are beyond the Company’s control, that could cause the actual
results to differ materially from the expected results.
The Company’s most recent Annual Report on Form
20-F filed with the United States Securities and Exchange Commission (the
“SEC”) or Form 6-Ks furnished to the SEC by the Company outline certain of
these risks and uncertainties which may cause actual results to differ.
Forward-looking statements should be construed in light of such risk factors
and undue reliance should not be placed on forward-looking statements. These
forward-looking statements speak only as of the date of this release. The
Company expressly disclaims any obligation or undertaking (except as required
by applicable law) to release publicly any updates or revisions to any
forward-looking statement contained herein to reflect any change in the
Company’s expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based.
About ReNew
Unless the context otherwise requires, all
references in this press release to “we,” “us,” or “our” refers to ReNew and
its subsidiaries.
ReNew is a leading decarbonization solutions
company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio
of 20.5 GW (including 1.7 GW/6.2 GWh of BESS) on a gross basis as of August 18,
2026, is one of the largest globally. In addition to being a major independent
power producer in India, we provide end-to-end solutions in a just and
inclusive manner in the areas of clean energy, value-added energy offerings
through digitalization, storage, and carbon markets that are increasingly
integral to addressing climate change. In addition, ReNew has 6.4 GW of solar
module and 2.5 GW of solar cell manufacturing capacities and is expanding its
solar cells manufacturing capacity by another 4 GW, which is expected to be
operational by December 2026. For more information, visit www.renew.com and
follow us on LinkedIn, Facebook, X, and Instagram.
Press Enquiries
Investor Enquiries
Anunay Shahi, Nitin Vaid | ir@renew.com
