ReNew Q1 FY27: Net Profit Up 16% to $63M; Sells 1,055 MW Solar Portfolio for $537M

summarizeSummary

ReNew Energy Global reported Q1 FY27 net profit of US$63 million, up 16% year-over-year, and announced the sale of 1,055 MW of solar projects for US$537 million, generating US$191 million in cash inflows.

check_boxKey Events · Earnings and Guidance · RNW

• Q1 FY27 Net Profit Up 16%

  Net profit rose to INR 5,953 million (US$63 million) from INR 5,131 million (US$54 million) a year earlier, driven by higher operating revenue and gains from asset sales.

• Adjusted EBITDA Up 12%

  Adjusted EBITDA reached INR 30,392 million (US$321 million), up from INR 27,220 million (US$288 million) in Q1 FY26.

• FY27 Guidance Reaffirmed

  Company expects Adjusted EBITDA of INR 103–109 billion and Cash Flow to Equity of INR 18–22 billion for fiscal year ending March 31, 2027.

• 1,055 MW Solar Portfolio Sale

  Agreed to sell solar projects in Rajasthan and Karnataka to Purvah Green Power for enterprise value of INR 50.8 billion (US$537 million), with expected cash inflows of INR 18.1 billion (US$191 million).

auto_awesomeAnalysis · RNW · Energy & Transportation

ReNew reported Q1 FY27 net profit of INR 5,953 million (US$63 million), up 16% year-over-year, with Adjusted EBITDA rising 12% to INR 30,392 million (US$321 million). The company also announced the sale of 1,055 MW of solar projects to Purvah Green Power for an enterprise value of INR 50.8 billion (US$537 million), expected to generate INR 18.1 billion (US$191 million) in cash inflows. These results come amid a pending take-private transaction at US$7.02 per share, which may limit the market impact of standalone earnings, but the asset sale strengthens liquidity and supports the capital recycling strategy.