ReNew Energy Global's FY2026 Annual Report: Revenue Jumps 36% and Profit More Than Doubles
RNW sits 38% above its 52-week low of $4.385.
Summary
ReNew Energy Global's FY2026 20-F shows total income up 38% to Rs 150.6B and net profit more than doubled to Rs 10.4B, with commissioned capacity reaching 12.8 GW. The filing also details the $7.02/share takeover proposal and extensive operational and legal disclosures.
Key Events · Earnings and Guidance · RNW
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Revenue Surges 36% to Rs 132.2B
Total income rose 38% to Rs 150.6 billion, driven by higher operational capacity, improved wind PLF (27.1% vs 25.6%), and a significant increase in external solar module and cell sales (Rs 40.8B vs Rs 13.2B).
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Net Profit More Than Doubles
Profit for the year jumped to Rs 10.4 billion from Rs 4.6 billion, aided by a gain on acquisition of control and lower deferred tax expense, despite higher finance costs and depreciation.
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Portfolio Reaches 20.2 GW Total Capacity
As of May 18, 2026, total capacity stood at 20.2 GW, with 12.8 GW commissioned and 7.4 GW committed. The company added 1.8 GW of new commissioned capacity during FY2026.
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Takeover Proposal at $7.02/Share Disclosed
The filing confirms the non-binding proposal from a consortium of CPP Investments and CEO Sumant Sinha to acquire all outstanding shares at $7.02 per share, with a Special Committee of independent directors evaluating the offer.
Analysis · RNW · Energy & Transportation
The 20-F annual report from ReNew Energy Global reveals a sharp acceleration in financial performance for the fiscal year ended March 31, 2026. Total income jumped 38% to Rs 150.6 billion, driven by higher operational capacity, a rebound in wind plant load factors, and a surge in external solar module sales. Net profit more than doubled to Rs 10.4 billion. The company also disclosed a total portfolio of 20.2 GW, with 12.8 GW commissioned, and provided extensive detail on its capital recycling, manufacturing expansion, and the ongoing non-binding takeover proposal at $7.02 per share. This report offers the first comprehensive look at the company's full-year financial health and strategic positioning amid the privatization bid.
At the time of this filing, RNW was trading at $6.03 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $4.39 to $8.24. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.