{"success":true,"data":{"pressRelease":{"id":"37988","rtpr_id":"nBw1hQ0zNa","ticker":"RNW","exchange":"NASDAQ","all_tickers":["RNW","RNWWW"],"title":"ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports Highest Ever Net Profit","author":"Business Wire","published_at":"2026-05-18T13:33:00.073Z","article_body":"ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports\nHighest Ever Net Profit\n\n\n * Net Profit jumped 2.3x during the year ended March 31, 2026\n\n * Increase in net profit driven by higher operating portfolio, lower leverage\nand growth in manufacturing business\n\n * Commissioned 2.4GW of capacity, its highest ever, during the year ended March\n31, 2026\n\nReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW,\nRNWWW), a leading decarbonization solutions company, today announced its\nunaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended\nMarch 31, 2026.\n\nOperating Highlights:\n\n\n * As of March 31, 2026, the Company’s portfolio consisted of ~20 GWs\n(including 1.7 GW/6.2 GWh of BESS), compared to ~17.3 GWs as of March 31,\n2025. Additionally, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell\nmanufacturing capacities and is expanding its solar cells manufacturing\ncapacity by another 4 GW, which is expected to be operational by December\n2026.\n\n * The Company’s commissioned capacity has increased 16.6% year-over-year to\n~12.6 GWs (including 100 MW/250 MWh of BESS) as of March 31, 2026.\nSubsequently, the Company commissioned ~247 MWs, taking the total capacity as\non date to ~12.8 GWs (including 100 MW/250 MWh of BESS).\n\n * Total Income (or total revenue) for FY26 was INR 150,635 million (US$ 1,605\nmillion), compared to INR 109,070 million (US$ 1,162 million) for FY25. Net\nprofit for FY26 was INR 10,385 million (US$ 111 million) compared to INR 4,591\nmillion (US$ 49 million) for the fiscal year ended March 31, 2025\n(“FY25”). Adjusted EBITDA for FY26 was INR 98,503 million (US$ 1,050\nmillion), compared to INR 79,188 million (US$ 844 million) for FY25.\n\n * Total Income (or total revenue) for Q4 FY26 was INR 39,548 million (US$ 421\nmillion), compared to INR 34,391 million (US$ 367 million) for Q4 FY25. Net\nprofit for Q4 FY26 was INR 777 million (US$ 8 million) compared to net profit\nof INR 3,137 million (US$ 33 million) for Q4 FY25. Adjusted EBITDA for Q4 FY26\nwas INR 23,663 million (US$ 252 million), compared to INR 22,118 million (US$\n236 million) in Q4 FY25.\n\n * Revenue from the sale of power for FY26 was INR 88,196 million (US$ 940\nmillion), compared to INR 81,606 million (US$ 870 million) for FY25. Revenue\nfrom the sale of power for Q4 FY26 was INR 18,358 million (US$ 196 million),\ncompared to INR 18,414 million (US$ 196 million) for Q4 FY25.\n\n * Total Income (or total revenue) for FY26 from external sales of our solar\nmodule and cell manufacturing operations was INR 41,944 million (US$ 447\nmillion), compared to INR 13,253 million (US$ 141 million) for FY25. Net\nprofit and Adjusted EBITDA for FY26 from external sales of our solar module\nand cell manufacturing operations were INR 8,845 million (US$ 94 million) and\nINR 14,782 million (US$ 158 million) respectively, compared to INR 2,623 (US$\n28 million) and INR 4,212 (US$ 45 million) respectively for FY25.\n\n * Total Income (or total revenue) for Q4 FY26 from external sales of our solar\nmodule and cell manufacturing operations was INR 11,930 million (US$ 127\nmillion), compared to INR 9,914 million (US$ 106 million) for Q4 FY25. Net\nprofit and Adjusted EBITDA for Q4 FY26 from external sales of our solar module\nand cell manufacturing operations were INR 2,002 million (US$ 21 million) and\nINR 4,012 million (US$ 43 million), respectively, compared to INR 2,200\nmillion (US$ 23 million) and INR 3,615 million (US$ 39 million) for FY25.\n\nFY 27 Guidance\n\nThe Company expects to complete the construction of 1.6 to 2.4 GWs by the\nfiscal year ending March 31, 2027 (“FY27”). The Company’s Adjusted\nEBITDA and Cash Flow to Equity guidance for FY27 are subject to weather and\nresource availability being similar to FY26. The Company anticipates continued\nnet gains in sales of assets, which is part of ReNew’s capital recycling\nstrategy, and has included INR 1-2 billion related to asset sales in the\nAdjusted EBITDA. The Company also expects external sales from our module and\ncell manufacturing operations and has included INR 10-12 billion of Adjusted\nEBITDA against such sales in this guidance.\n Financial Year      Adjusted EBITDA                  Cash Flow to equity (CFe)  \n FY27                INR 103 – INR 109 billion        INR 18 – INR 22 billion    \n\n\nNote: the translation of Indian rupees into U.S. dollars has been made at INR\n93.83 to US$ 1.00. See note 1 for more information.\n\nWebcast and Conference call information\n\nThe conference call can be accessed live at:\nhttps://edge.media-server.com/mmc/p/my6fexir/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Fmy6fexir%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Fmy6fexir%2F&index=1&md5=112d015453835623167020db454fd3c7)\nor by phone (toll-free) by dialing:\n\nUS/Canada: (+1) 855 881 1339\n\nFrance: (+33) 0800 981 498\n\nGermany: (+49) 0800 182 7617\n\nHong Kong: (+852) 800 966 806\n\nIndia: (+91) 0008 0010 08443\n\nJapan: (+81) 005 3116 1281\n\nSingapore: (+65) 800 101 2785\n\nSweden: (+46) 020 791 959\n\nUK: (+44) 0800 051 8245\n\nRest of the world: (+61) 7 3145 4010 (toll)\n\nAn audio replay will be available following the call on our investor relations\nwebsite at https://investor.renew.com/news-events/events\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.renew.com%2Fnews-events%2Fevents&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=https%3A%2F%2Finvestor.renew.com%2Fnews-events%2Fevents&index=2&md5=bcb28b845e53bdd9006796cfa460e6f4)\n.\n\nNotes:\n\n\n 1. This press release contains translations of certain Indian rupee amounts into\nU.S. dollars at specified rates solely for the convenience of the reader.\nUnless otherwise stated, the translation of Indian rupees into U.S. dollars\nhas been made at INR 93.83 to US$ 1.00, which was the noon buying rate in New\nYork City for cable transfer in non-U.S. currencies as certified for customs\npurposes by the Federal Reserve Bank of New York on March 31, 2026. We make no\nrepresentation that the Indian rupee or U.S. dollar amounts referred to in\nthis press release could have been converted into U.S. dollars or Indian\nrupees, as the case may be, at any particular rate or at all.\n\nForward Looking Statements\n\nThis release includes “forward-looking statements” within the meaning of\nthe “safe harbor” provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements may be identified by\nthe use of words such as “estimate,” “objective,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target,” “milestone,”\n“designed to,” “proposed” or other similar expressions that predict or\nimply future events, trends, terms and/or conditions or that are not\nstatements of historical matters. Such forward-looking statements are based on\ncurrent expectations and projections about future events and various\nassumptions. The Company cautions readers of this release that these\nforward-looking statements are subject to risks and uncertainties, most of\nwhich are difficult to predict and many of which are beyond the Company’s\ncontrol, that could cause the actual results to differ materially from the\nexpected results.\n\nThe Company’s most recent Annual Report on Form 20-F filed with the United\nStates Securities and Exchange Commission (the “SEC”) or Form 6-Ks\nfurnished to the SEC by the Company outline certain of these risks and\nuncertainties which may cause actual results to differ. Forward-looking\nstatements should be construed in light of such risk factors and undue\nreliance should not be placed on forward-looking statements. These\nforward-looking statements speak only as of the date of this release. The\nCompany expressly disclaims any obligation or undertaking (except as required\nby applicable law) to release publicly any updates or revisions to any\nforward-looking statement contained herein to reflect any change in the\nCompany’s expectations with regard thereto or any change in events,\nconditions or circumstances on which any such statement is based.\n\nAbout ReNew\n\nUnless the context otherwise requires, all references in this press release to\n“we,” “us,” or “our” refers to ReNew and its subsidiaries.\n\nReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq:\nRNW, RNWWW). ReNew’s clean energy portfolio of 20.2 GW (including 1.7 GW/6.2\nGWh of BESS) on a gross basis as of May 18, 2026, is one of the largest\nglobally. In addition to being a major independent power producer in India, we\nprovide end-to-end solutions in a just and inclusive manner in the areas of\nclean energy, value-added energy offerings through digitalization, storage,\nand carbon markets that are increasingly integral to addressing climate\nchange. In addition, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell\nmanufacturing capacities and is expanding its solar cells manufacturing\ncapacity by another 4 GW, which is expected to be operational by December\n2026. For more information, visit www.renew.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renew.com&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=www.renew.com&index=3&md5=18f22fce99b2a20f3cb861338a2246a9)\nand follow us on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Frenew&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=LinkedIn&index=4&md5=2cea96af9254a0971de4bc90a63bb102)\n, Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FReNew4Earth%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=Facebook&index=5&md5=a36666097e69e34fa966aa8597b8a9fe)\n, X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FReNewCorp&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=X&index=6&md5=b024c53d69b1ed7aeb1ca03ade473ac4)\n, and Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Frenewcorp%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=Instagram&index=7&md5=808a5d226ddfd44c43c66b82774f4329)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260518685161/en/\n(https://www.businesswire.com/news/home/20260518685161/en/)\n\nPress Enquiries \n\npr@renew.com (mailto:pr@renew.com)\n\nInvestor Enquiries \n\nAnunay Shahi, Nitin Vaid | ir@renew.com (mailto:ir@renew.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw1hQ0zNa","title":"ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports Highest Ever Net Profit","author":"Business Wire","ticker":"RNW","created":"2026-05-18T13:33:00.073Z","tickers":["RNW","RNWWW"],"exchange":"NASDAQ","article_body":"ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports\nHighest Ever Net Profit\n\n\n * Net Profit jumped 2.3x during the year ended March 31, 2026\n\n * Increase in net profit driven by higher operating portfolio, lower leverage\nand growth in manufacturing business\n\n * Commissioned 2.4GW of capacity, its highest ever, during the year ended March\n31, 2026\n\nReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW,\nRNWWW), a leading decarbonization solutions company, today announced its\nunaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended\nMarch 31, 2026.\n\nOperating Highlights:\n\n\n * As of March 31, 2026, the Company’s portfolio consisted of ~20 GWs\n(including 1.7 GW/6.2 GWh of BESS), compared to ~17.3 GWs as of March 31,\n2025. Additionally, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell\nmanufacturing capacities and is expanding its solar cells manufacturing\ncapacity by another 4 GW, which is expected to be operational by December\n2026.\n\n * The Company’s commissioned capacity has increased 16.6% year-over-year to\n~12.6 GWs (including 100 MW/250 MWh of BESS) as of March 31, 2026.\nSubsequently, the Company commissioned ~247 MWs, taking the total capacity as\non date to ~12.8 GWs (including 100 MW/250 MWh of BESS).\n\n * Total Income (or total revenue) for FY26 was INR 150,635 million (US$ 1,605\nmillion), compared to INR 109,070 million (US$ 1,162 million) for FY25. Net\nprofit for FY26 was INR 10,385 million (US$ 111 million) compared to INR 4,591\nmillion (US$ 49 million) for the fiscal year ended March 31, 2025\n(“FY25”). Adjusted EBITDA for FY26 was INR 98,503 million (US$ 1,050\nmillion), compared to INR 79,188 million (US$ 844 million) for FY25.\n\n * Total Income (or total revenue) for Q4 FY26 was INR 39,548 million (US$ 421\nmillion), compared to INR 34,391 million (US$ 367 million) for Q4 FY25. Net\nprofit for Q4 FY26 was INR 777 million (US$ 8 million) compared to net profit\nof INR 3,137 million (US$ 33 million) for Q4 FY25. Adjusted EBITDA for Q4 FY26\nwas INR 23,663 million (US$ 252 million), compared to INR 22,118 million (US$\n236 million) in Q4 FY25.\n\n * Revenue from the sale of power for FY26 was INR 88,196 million (US$ 940\nmillion), compared to INR 81,606 million (US$ 870 million) for FY25. Revenue\nfrom the sale of power for Q4 FY26 was INR 18,358 million (US$ 196 million),\ncompared to INR 18,414 million (US$ 196 million) for Q4 FY25.\n\n * Total Income (or total revenue) for FY26 from external sales of our solar\nmodule and cell manufacturing operations was INR 41,944 million (US$ 447\nmillion), compared to INR 13,253 million (US$ 141 million) for FY25. Net\nprofit and Adjusted EBITDA for FY26 from external sales of our solar module\nand cell manufacturing operations were INR 8,845 million (US$ 94 million) and\nINR 14,782 million (US$ 158 million) respectively, compared to INR 2,623 (US$\n28 million) and INR 4,212 (US$ 45 million) respectively for FY25.\n\n * Total Income (or total revenue) for Q4 FY26 from external sales of our solar\nmodule and cell manufacturing operations was INR 11,930 million (US$ 127\nmillion), compared to INR 9,914 million (US$ 106 million) for Q4 FY25. Net\nprofit and Adjusted EBITDA for Q4 FY26 from external sales of our solar module\nand cell manufacturing operations were INR 2,002 million (US$ 21 million) and\nINR 4,012 million (US$ 43 million), respectively, compared to INR 2,200\nmillion (US$ 23 million) and INR 3,615 million (US$ 39 million) for FY25.\n\nFY 27 Guidance\n\nThe Company expects to complete the construction of 1.6 to 2.4 GWs by the\nfiscal year ending March 31, 2027 (“FY27”). The Company’s Adjusted\nEBITDA and Cash Flow to Equity guidance for FY27 are subject to weather and\nresource availability being similar to FY26. The Company anticipates continued\nnet gains in sales of assets, which is part of ReNew’s capital recycling\nstrategy, and has included INR 1-2 billion related to asset sales in the\nAdjusted EBITDA. The Company also expects external sales from our module and\ncell manufacturing operations and has included INR 10-12 billion of Adjusted\nEBITDA against such sales in this guidance.\n Financial Year      Adjusted EBITDA                  Cash Flow to equity (CFe)  \n FY27                INR 103 – INR 109 billion        INR 18 – INR 22 billion    \n\n\nNote: the translation of Indian rupees into U.S. dollars has been made at INR\n93.83 to US$ 1.00. See note 1 for more information.\n\nWebcast and Conference call information\n\nThe conference call can be accessed live at:\nhttps://edge.media-server.com/mmc/p/my6fexir/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Fmy6fexir%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Fmy6fexir%2F&index=1&md5=112d015453835623167020db454fd3c7)\nor by phone (toll-free) by dialing:\n\nUS/Canada: (+1) 855 881 1339\n\nFrance: (+33) 0800 981 498\n\nGermany: (+49) 0800 182 7617\n\nHong Kong: (+852) 800 966 806\n\nIndia: (+91) 0008 0010 08443\n\nJapan: (+81) 005 3116 1281\n\nSingapore: (+65) 800 101 2785\n\nSweden: (+46) 020 791 959\n\nUK: (+44) 0800 051 8245\n\nRest of the world: (+61) 7 3145 4010 (toll)\n\nAn audio replay will be available following the call on our investor relations\nwebsite at https://investor.renew.com/news-events/events\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.renew.com%2Fnews-events%2Fevents&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=https%3A%2F%2Finvestor.renew.com%2Fnews-events%2Fevents&index=2&md5=bcb28b845e53bdd9006796cfa460e6f4)\n.\n\nNotes:\n\n\n 1. This press release contains translations of certain Indian rupee amounts into\nU.S. dollars at specified rates solely for the convenience of the reader.\nUnless otherwise stated, the translation of Indian rupees into U.S. dollars\nhas been made at INR 93.83 to US$ 1.00, which was the noon buying rate in New\nYork City for cable transfer in non-U.S. currencies as certified for customs\npurposes by the Federal Reserve Bank of New York on March 31, 2026. We make no\nrepresentation that the Indian rupee or U.S. dollar amounts referred to in\nthis press release could have been converted into U.S. dollars or Indian\nrupees, as the case may be, at any particular rate or at all.\n\nForward Looking Statements\n\nThis release includes “forward-looking statements” within the meaning of\nthe “safe harbor” provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements may be identified by\nthe use of words such as “estimate,” “objective,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target,” “milestone,”\n“designed to,” “proposed” or other similar expressions that predict or\nimply future events, trends, terms and/or conditions or that are not\nstatements of historical matters. Such forward-looking statements are based on\ncurrent expectations and projections about future events and various\nassumptions. The Company cautions readers of this release that these\nforward-looking statements are subject to risks and uncertainties, most of\nwhich are difficult to predict and many of which are beyond the Company’s\ncontrol, that could cause the actual results to differ materially from the\nexpected results.\n\nThe Company’s most recent Annual Report on Form 20-F filed with the United\nStates Securities and Exchange Commission (the “SEC”) or Form 6-Ks\nfurnished to the SEC by the Company outline certain of these risks and\nuncertainties which may cause actual results to differ. Forward-looking\nstatements should be construed in light of such risk factors and undue\nreliance should not be placed on forward-looking statements. These\nforward-looking statements speak only as of the date of this release. The\nCompany expressly disclaims any obligation or undertaking (except as required\nby applicable law) to release publicly any updates or revisions to any\nforward-looking statement contained herein to reflect any change in the\nCompany’s expectations with regard thereto or any change in events,\nconditions or circumstances on which any such statement is based.\n\nAbout ReNew\n\nUnless the context otherwise requires, all references in this press release to\n“we,” “us,” or “our” refers to ReNew and its subsidiaries.\n\nReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq:\nRNW, RNWWW). ReNew’s clean energy portfolio of 20.2 GW (including 1.7 GW/6.2\nGWh of BESS) on a gross basis as of May 18, 2026, is one of the largest\nglobally. In addition to being a major independent power producer in India, we\nprovide end-to-end solutions in a just and inclusive manner in the areas of\nclean energy, value-added energy offerings through digitalization, storage,\nand carbon markets that are increasingly integral to addressing climate\nchange. In addition, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell\nmanufacturing capacities and is expanding its solar cells manufacturing\ncapacity by another 4 GW, which is expected to be operational by December\n2026. For more information, visit www.renew.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.renew.com&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=www.renew.com&index=3&md5=18f22fce99b2a20f3cb861338a2246a9)\nand follow us on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Frenew&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=LinkedIn&index=4&md5=2cea96af9254a0971de4bc90a63bb102)\n, Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FReNew4Earth%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=Facebook&index=5&md5=a36666097e69e34fa966aa8597b8a9fe)\n, X\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FReNewCorp&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=X&index=6&md5=b024c53d69b1ed7aeb1ca03ade473ac4)\n, and Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Frenewcorp%2F&esheet=54537518&newsitemid=20260518685161&lan=en-US&anchor=Instagram&index=7&md5=808a5d226ddfd44c43c66b82774f4329)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260518685161/en/\n(https://www.businesswire.com/news/home/20260518685161/en/)\n\nPress Enquiries \n\npr@renew.com (mailto:pr@renew.com)\n\nInvestor Enquiries \n\nAnunay Shahi, Nitin Vaid | ir@renew.com (mailto:ir@renew.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-18T13:33:00.112032672Z","server_sent_at_ms":1779111180112},"received_at":"2026-05-18T13:33:00.185Z","source_url":"https://www.businesswire.com/news/home/20260518685161/en/"},"analysis":{"id":"27431","press_release_id":"37988","analysis_json":{"industry":{"label":"Renewable Energy","sector":"Utilities"},"redFlags":["Q4 net profit declined significantly YoY ($8M vs $33M), though full-year results were strong due to one-time gains in prior year Q4"],"eventType":"earnings","narrative":"ReNew Energy Global reported record full-year net profit of $111 million for FY26, a 2.3x increase over the prior year, driven by higher operating portfolio and growth in its manufacturing business.\n\nTotal revenue reached $1.6 billion, up 38% year-over-year, with Adjusted EBITDA rising to $1.05 billion. The company commissioned a record 2.4 GW of capacity during the year, bringing its total portfolio to ~20 GW.\n\nManagement provided FY27 guidance for Adjusted EBITDA of INR 103-109 billion and Cash Flow to Equity of INR 18-22 billion, contingent on weather and resource availability similar to FY26.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Record annual profit and 38% revenue growth highlight ReNew's successful pivot to manufacturing alongside power generation."},"keyFigures":{"eps":0,"epsBeat":0,"revenue":1605000000,"guidance":"FY27 Adjusted EBITDA INR 103-109 billion; Cash Flow to Equity INR 18-22 billion","revenueYoy":"38%","customDimensions":{"q4_revenue":421000000,"q4_net_profit":8000000,"net_profit_fy25":49000000,"net_profit_fy26":111000000,"q4_adjusted_ebitda":252000000,"adjusted_ebitda_fy25":844000000,"adjusted_ebitda_fy26":1050000000,"planned_cell_expansion":"4 GW","total_portfolio_capacity":"~20 GW","commissioned_capacity_ytd":"2.4 GW","manufacturing_capacity_solar_cells":"2.5 GW","manufacturing_capacity_solar_modules":"6.4 GW"}},"quotedText":"Net Profit jumped 2.3x during the year ended March 31, 2026","namedEntities":{"people":[{"name":"Anunay Shahi","role":"Investor Relations"},{"name":"Nitin Vaid","role":"Investor Relations"}],"products":["solar modules","solar cells","BESS"],"companies":[{"name":"ReNew Energy Global Plc","ticker":"RNW","relationship":"filer"}],"dollarAmounts":[{"amount":"US$ 1,605 million","context":"FY26 Total Income (Revenue)"},{"amount":"US$ 1,162 million","context":"FY25 Total Income (Revenue)"},{"amount":"US$ 111 million","context":"FY26 Net Profit"},{"amount":"US$ 49 million","context":"FY25 Net Profit"},{"amount":"US$ 1,050 million","context":"FY26 Adjusted EBITDA"},{"amount":"US$ 844 million","context":"FY25 Adjusted EBITDA"},{"amount":"US$ 421 million","context":"Q4 FY26 Total Income"},{"amount":"US$ 8 million","context":"Q4 FY26 Net Profit"},{"amount":"US$ 252 million","context":"Q4 FY26 Adjusted EBITDA"},{"amount":"INR 103 – INR 109 billion","context":"FY27 Adjusted EBITDA Guidance"},{"amount":"INR 18 – INR 22 billion","context":"FY27 Cash Flow to Equity Guidance"}]},"materialImpact":{"score":4,"reasoning":"Full-year net profit jumped 2.3x (record high) and revenue grew ~38% YoY. 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