ReNew Energy Global (NASDAQ:RNW) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

ReNew Energy Global (NASDAQ:RNW) issued its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.17, FiscalAI reports. ReNew Energy Global had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $355.59 million for the quarter, compared to analyst estimates of $307.73 million.

Here are the key takeaways from ReNew Energy Global’s conference call:

• FY2026 was a record year for ReNew, with adjusted EBITDA of INR 98.5 billion, PAT of INR 10.4 billion, and cash flow to equity up 45% to INR 21.6 billion. Management highlighted this as the company’s third straight year of profitability.
• ReNew expanded its operating portfolio to about 12.8 GW and commissioned a company-record 2.4 GW during the year. Its committed portfolio now exceeds 20.2 GW, including 1.7 GW of battery storage, with a total pipeline above 26 GW.
• The manufacturing business became an increasingly important earnings driver, contributing INR 14.8 billion of consolidated EBITDA in FY2026. Management said the business is benefiting from domestic sourcing rules and is on track to start its 4 GW cell facility later this fiscal year.
• Balance sheet metrics improved materially, with net debt to EBITDA down by 1.1x year over year and interest expense as a share of EBITDA falling to 61.5%. The company also raised a record $375 million through asset monetization and reported progress on refinancing upcoming maturities.
• For FY2027, ReNew guided for adjusted EBITDA of INR 103 billion to INR 109 billion and cash flow to equity of INR 18 billion to INR 22 billion. Management also flagged some near-term pressure from grid curtailment, especially in Rajasthan, while still expressing confidence in long-term renewable demand growth in India.

ReNew Energy Global Stock Performance

RNW opened at $5.47 on Tuesday. The business’s 50 day moving average is $5.09 and its 200-day moving average is $5.81. The stock has a market cap of $1.98 billion, a PE ratio of 13.02 and a beta of 1.07. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.84. ReNew Energy Global has a twelve month low of $4.39 and a twelve month high of $8.24.

Analyst Ratings Changes

Several brokerages recently issued reports on RNW. Weiss Ratings downgraded ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. Morgan Stanley set a $6.03 target price on ReNew Energy Global in a research note on Monday, February 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ReNew Energy Global has an average rating of “Reduce” and an average target price of $6.52.

Institutional Investors Weigh In On ReNew Energy Global

A number of hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of ReNew Energy Global during the second quarter valued at $29,000. Quarry LP bought a new position in shares of ReNew Energy Global during the 3rd quarter worth about $33,000. Evergreen Capital Management LLC bought a new stake in ReNew Energy Global in the second quarter valued at about $74,000. Arrowstreet Capital Limited Partnership acquired a new position in ReNew Energy Global in the third quarter valued at about $101,000. Finally, Tidal Investments LLC boosted its position in ReNew Energy Global by 15.4% in the second quarter. Tidal Investments LLC now owns 13,153 shares of the company’s stock valued at $91,000 after buying an additional 1,752 shares in the last quarter. Institutional investors own 43.56% of the company’s stock.

About ReNew Energy Global

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.