ReNew Energy Reports Strong FY26 Results, Guides Higher for FY27 Amid Capacity Expansion

summarizeSummary

ReNew Energy Global plc announced strong full-year FY26 financial results, including a 126% increase in net profit and a 24% rise in Adjusted EBITDA, alongside positive FY27 guidance and continued expansion of its renewable energy portfolio and manufacturing capacity.

check_boxKey Events

• Strong Full-Year FY26 Financial Performance

  Total Income for FY26 increased to US$1,605 million (up 38.1% YoY), Net profit surged to US$111 million (up 126% YoY), and Adjusted EBITDA rose to US$1,050 million (up 24.4% YoY).

• Positive FY27 Guidance

  The company expects FY27 Adjusted EBITDA between US$1.09 billion and US$1.16 billion, and Cash Flow to Equity between US$192 million and US$234 million, indicating continued growth.

• Significant Capacity Expansion

  Commissioned capacity increased by 16.6% year-over-year to approximately 12.6 GWs as of March 31, 2026, with a total portfolio of ~20 GWs.

• Growth in Manufacturing Operations

  External sales from solar module and cell manufacturing operations contributed US$447 million to total income in FY26, up from US$141 million in FY25, with plans to expand solar cell manufacturing capacity by another 4 GW by December 2026.

auto_awesomeAnalysis

ReNew Energy Global plc reported substantial growth in its full fiscal year 2026 financial results, with net profit more than doubling and Adjusted EBITDA increasing significantly. The company also provided positive guidance for FY27 Adjusted EBITDA and Cash Flow to Equity, indicating continued operational expansion and financial strength. While Q4 net profit declined due to the absence of prior year asset sale gains and higher finance costs, the overall trajectory remains strong, driven by increased commissioned capacity and growing manufacturing operations. This report provides a comprehensive update on the company's performance and future outlook, reinforcing its growth strategy.