ReNew Energy Reports 126% Jump in Full-Year Net Profit, Provides Strong FY27 Guidance
RNW sits 26% above its 52-week low of $4.385 on light trading volume (0.1× avg).
Summary
ReNew Energy Global plc announced its Q4 and full fiscal year 2026 results, reporting a 126% increase in full-year net profit to US$111 million, marking its highest ever. Total income for FY26 rose to US$1,605 million, and Adjusted EBITDA increased to US$1,050 million. This news provides the initial market disclosure of these strong results, which were subsequently detailed in a 6-K filing. The significant growth in full-year net profit, revenue, and EBITDA, coupled with the commissioning of a record 2.4 GW of capacity, indicates robust operational performance and expansion, which is highly material for investors. The company also provided positive FY27 guidance, expecting Adjusted EBITDA of INR 103-109 billion and Cash Flow to Equity of INR 18-22 billion, along with plans to complete 1.6 to 2.4 GWs of new capacity. Traders will monitor execution against this guidance and continued growth in its manufacturing business.
At the time of this announcement, RNW was trading at $5.52 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $4.39 to $8.24. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.