Latest news with #ReNew
Mint
4 days ago
- Business
- Mint
ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales
New Delhi: Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to ₹ 513.1 crore in the April-June quarter of FY26, buoyed by higher solar module and power sales. The renewable energy company's net profit was ₹ 39.4 crore in the April-June period a year ago. Its total income jumped 65% year-on-year to ₹ 4,118.2 crore during the June quarter, the company said in a statement. Revenue from sale of power stood at ₹ 2,547.3 crore ($297 million), compared to ₹ 2,233.5 crore ($260 million) in the April-June period of FY25. Total income for Q1 FY26 from module and cell manufacturing operations was ₹ 1,322.3 crore ($154 million). "Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) for Q1 FY26 was ₹ 27,220 million ($317 million), as against ₹ 18,979 million ($221 million) in Q1 FY25," it said. As of 30 June, the company's portfolio consisted of 18.2 GW of renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. "The company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of fiscal year 2026. The company's Adjusted EBITDA and cash flow to equity guidance for FY26 are subject to weather and resource availability," the company said in the statement. In May, British International Investment (BII) invested $100 million in the solar module and cell manufacturing subsidiary of ReNew. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. Last month, its promoters revised their offer to take the Nasdaq-listed renewable energy company private. The consortium increased its offer price to $8 per share, payable in cash compared with the original offer of $7.07 per share. ReNew's shares traded little changed at $7.66 apiece in New York on Thursday.
News18
5 days ago
- Business
- News18
ReNew reports multifold growth in Q1 net profit to Rs 513 cr
Agency: PTI Last Updated: New Delhi, Aug 14 (PTI) Clean energy firm ReNew has posted a multifold growth in net profit to Rs 513.1 crore for the June quarter, driven mainly by higher revenues from power sales. The homegrown company, listed on Nasdaq, had logged a net profit of Rs 39.4 crore in the April-June period of the preceding 2024-25 financial year. In the first quarter, the company said its total income (or total revenue) rose to Rs 4,118.2 crore (USD 480 million), compared to Rs 2,490.3 crore (USD 290 million) for Q1 FY25. The revenues from power sales surged to Rs 2,547.3 crore (USD 297 million) from Rs 2,233.5 crore (USD 260 million) for Q1 FY25. Total income (or total revenue) for Q1 FY26 from module and cell manufacturing operations was Rs 1,322.3 crore (USD 154 million). Net profit and Adjusted EBITDA for Q1 FY26 from external sales from our module and cell manufacturing operations were Rs 356.2 crore (USD 42 million) and Rs 5,29.2 crore (USD 62 million), respectively. As of June 30, 2025, the company's portfolio consisted of 18.2 GWs (+1.1 GWh battery energy storage system (BESS), compared to 15.6 GWs as of June 30, 2024. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. ReNew said its commissioned capacity has increased 14.8 per cent year-over-year to 11.1 GWs (+150 MWh BESS) (net of 600 MWs of assets sold since Q1 FY25) as of June 30, 2025. Subsequently, it commissioned an additional 50 MW in July 2025. On its guidance for FY26, ReNew said it aims to complete the construction of 1.6 to 2.4 GWs of projects by the end of the ongoing fiscal year. 'The company's Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. The company anticipates continued net gains in sales of assets, which is part of Renew's capital recycling strategy, and has included Rs 1-2 billion related to asset sales in the Adjusted EBITDA," it said. PTI ABI ABI DR DR view comments First Published: August 14, 2025, 13:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
5 days ago
- Business
- Yahoo
ReNew Announces Results for the First Quarter for Fiscal Year 2026 (Q1 FY26), ended June 30, 2025
43% surge in Adj. EBITDA YoY and 13x increase in PAT; 23% growth in operating MWs YoY GURUGRAM, India, August 13, 2025--(BUSINESS WIRE)--ReNew Energy Global Plc ("ReNew" or "the Company") (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for the three-month period ended June 30, 2025. Operating Highlights: As of June 30, 2025, the Company's portfolio consisted of ~18.2 GWs (+1.1 GWh BESS), compared to ~15.6 GWs as of June 30, 2024. In addition, the Company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing which is operational and is building a 4 GW cell manufacturing facility. The Company's commissioned capacity has increased 14.8% year-over-year to ~11.1 GWs (+150 MWh BESS) (net of 600 MWs of assets sold since Q1 FY25) as of June 30, 2025. Subsequently, we commissioned additional 50 MWs in July 2025. Total Income (or total revenue) for Q1 FY26 was INR 41,182 million (US$ 480 million), compared to INR 24,903 million (US$ 290 million) for Q1 FY25. Revenue from sale of power for Q1 FY26 was INR 25,473 million (US$ 297 million), compared to INR 22,335 million (US$ 260 million) for Q1 FY25. Net profit for Q1 FY26 was INR 5,131 million (US$ 60 million) compared to INR 394 million (US$ 5 million) for Q1 FY25. Adjusted EBITDA for Q1 FY26 was INR 27,220 million (US$ 317 million), as against INR 18,979 million (US$ 221 million) in Q1 FY25. Total income (or total revenue) for Q1 FY26 from our module and cell manufacturing operations was INR 13,223 million (US$ 154 million). Net profit and Adjusted EBITDA for Q1 FY26 from external sales from our module and cell manufacturing operations was INR 3,562 million (US$ 42 million) and INR 5,292 million (US$ 62 million) respectively. Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. FY26 Guidance The Company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of Fiscal Year 2026. The Company's Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. The Company anticipates continued net gains in sales of assets, which is part of ReNew's capital recycling strategy, and has included INR 1-2 billion related to asset sales in the Adjusted EBITDA. The Company now expects external sales from our module and cell manufacturing to contribute INR 8-10 billion of Adjusted EBITDA against such sales in this guidance. Financial Year Adjusted EBITDA Cash Flow to equity (CFe) FY26 INR 87 – INR 93 billion INR 14 – INR 17 billion Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. Webcast and Conference call information A conference call has been scheduled to discuss the earnings results at 8:30 AM EDT (6:00 PM IST) on August 14, 2025. The conference call can be accessed live at: or by phone (toll-free) by dialing: US/ Canada: (+1) 855 881 1339France: (+33) 0800 981 498Germany: (+49) 0800 182 7617Hong Kong: (+852) 800 966 806India: (+91) 0008 0010 08443Japan: (+81) 005 3116 1281Singapore: (+65) 800 101 2785Sweden: (+46) 020 791 959UK: (+44) 0800 051 8245Rest of the world: (+61) 7 3145 4010 (toll) An audio replay will be available following the call on our investor relations website at Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding our future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long-term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; our limited operating history, particularly as a relatively new public company; our ability to attract and retain relationships with third parties, including solar partners; our ability to meet the covenants in our debt facilities; meteorological conditions; supply disruptions; solar power curtailments by state electricity authorities and such other risks identified in the registration statements and reports that our Company has filed or furnished with the U.S. Securities and Exchange Commission, or SEC, from time to time. Portfolio represents the aggregate megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where we have received a letter of award. There is no assurance that we will be able to sign a PPA even though we have received a letter of award. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. About ReNew Unless the context otherwise requires, all references in this press release to "we," "us," or "our" refers to ReNew and its subsidiaries. ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.2 GW (+1.1 GWh BESS) on a gross basis as of August 13, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that are increasingly integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter, and Instagram. View source version on Contacts Press Enquiries pr@ Investor Enquiries Anunay Shahi, Nitin Vaid | ir@
Business Wire
5 days ago
- Business
- Business Wire
ReNew Announces Results for the First Quarter for Fiscal Year 2026 (Q1 FY26), ended June 30, 2025
GURUGRAM, India--(BUSINESS WIRE)--ReNew Energy Global Plc ('ReNew' or 'the Company') (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for the three-month period ended June 30, 2025. Operating Highlights: As of June 30, 2025, the Company's portfolio consisted of ~18.2 GWs (+1.1 GWh BESS), compared to ~15.6 GWs as of June 30, 2024. In addition, the Company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing which is operational and is building a 4 GW cell manufacturing facility. The Company's commissioned capacity has increased 14.8% year-over-year to ~11.1 GWs (+150 MWh BESS) (net of 600 MWs of assets sold since Q1 FY25) as of June 30, 2025. Subsequently, we commissioned additional 50 MWs in July 2025. Total Income (or total revenue) for Q1 FY26 was INR 41,182 million (US$ 480 million), compared to INR 24,903 million (US$ 290 million) for Q1 FY25. Revenue from sale of power for Q1 FY26 was INR 25,473 million (US$ 297 million), compared to INR 22,335 million (US$ 260 million) for Q1 FY25. Net profit for Q1 FY26 was INR 5,131 million (US$ 60 million) compared to INR 394 million (US$ 5 million) for Q1 FY25. Adjusted EBITDA for Q1 FY26 was INR 27,220 million (US$ 317 million), as against INR 18,979 million (US$ 221 million) in Q1 FY25. Total income (or total revenue) for Q1 FY26 from our module and cell manufacturing operations was INR 13,223 million (US$ 154 million). Net profit and Adjusted EBITDA for Q1 FY26 from external sales from our module and cell manufacturing operations was INR 3,562 million (US$ 42 million) and INR 5,292 million (US$ 62 million) respectively. Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. FY26 Guidance The Company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of Fiscal Year 2026. The Company's Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. The Company anticipates continued net gains in sales of assets, which is part of ReNew's capital recycling strategy, and has included INR 1-2 billion related to asset sales in the Adjusted EBITDA. The Company now expects external sales from our module and cell manufacturing to contribute INR 8-10 billion of Adjusted EBITDA against such sales in this guidance. Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. Webcast and Conference call information A conference call has been scheduled to discuss the earnings results at 8:30 AM EDT (6:00 PM IST) on August 14, 2025. The conference call can be accessed live at: or by phone (toll-free) by dialing: US/ Canada: (+1) 855 881 1339 France: (+33) 0800 981 498 Germany: (+49) 0800 182 7617 Hong Kong: (+852) 800 966 806 India: (+91) 0008 0010 08443 Japan: (+81) 005 3116 1281 Singapore: (+65) 800 101 2785 Sweden: (+46) 020 791 959 UK: (+44) 0800 051 8245 Rest of the world: (+61) 7 3145 4010 (toll) An audio replay will be available following the call on our investor relations website at Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding our future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long-term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; our limited operating history, particularly as a relatively new public company; our ability to attract and retain relationships with third parties, including solar partners; our ability to meet the covenants in our debt facilities; meteorological conditions; supply disruptions; solar power curtailments by state electricity authorities and such other risks identified in the registration statements and reports that our Company has filed or furnished with the U.S. Securities and Exchange Commission, or SEC, from time to time. Portfolio represents the aggregate megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where we have received a letter of award. There is no assurance that we will be able to sign a PPA even though we have received a letter of award. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. About ReNew Unless the context otherwise requires, all references in this press release to 'we,' 'us,' or 'our' refers to ReNew and its subsidiaries. ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.2 GW (+1.1 GWh BESS) on a gross basis as of August 13, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that are increasingly integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter, and Instagram.
Globe and Mail
08-08-2025
- Business
- Globe and Mail
ReNew Announces Date and Conference Call Details for First Quarter FY26 Earnings
ReNew Energy Global plc ("ReNew") (NASDAQ: RNW, RNWWW), India's leading decarbonisation solutions company, today announced it will issue its first quarter (April–June) fiscal year 2026 earnings report after the close of Nasdaq on August 13, 2025 (EST). A conference call has been scheduled to discuss the earnings results at 8:30 AM EST (6:00 PM IST) on August 14, 2025. The conference call can be accessed live at: or by phone (toll-free) by dialing: US/Canada: (+1) 855 881 1339 France: (+33) 0800 981 498 Germany: (+49) 0800 182 7617 Hong Kong: (+852) 800 966 806 India: (+91) 0008 0010 08443 Japan: (+81) 005 3116 1281 Singapore: (+65) 800 101 2785 Sweden: (+46) 020 791 959 UK: (+44) 0800 051 8245 Rest of the world: (+61) 7 3145 4010 (toll) An audio replay will be available following the call on our investor relations website at About ReNew ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.5 GW on a gross basis as of June 16, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that are increasingly integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter, and Instagram.
