Nasdaq-listed renewable energy giant ReNew Energy Global has reported a remarkable thirteen-fold surge in net profit to ₹513.1 crore for the April–June quarter of FY26, compared to ₹39.4 crore in the same period last year. The sharp jump was driven by strong growth in solar module sales and higher power generation revenues.
According to the company’s statement, total income rose 65% year-on-year to ₹4,118.2 crore in Q1 FY26.
Power sales revenue for the quarter stood at ₹2,547.3 crore ($297 million), up from ₹2,233.5 crore ($260 million) in Q1 FY25, while module and cell manufacturing operations contributed ₹1,322.3 crore ($154 million).
Adjusted EBITDA climbed to ₹27,220 million ($317 million) from ₹18,979 million ($221 million) a year earlier, reflecting operational efficiency and robust demand.
As of June 30, 2025, ReNew Energy’s portfolio included:
- 18.2 GW of renewable energy capacity
- 1.1 GWh of battery energy storage systems (BESS)
- 6.5 GW of operational solar module manufacturing capacity
- 2.5 GW of operational cell manufacturing capacity
- A 4 GW cell manufacturing facility currently under construction
The company has reaffirmed its FY26 guidance, targeting 1.6–2.4 GW of project completions by the end of the fiscal year. Guidance for Adjusted EBITDA and cash flow to equity remains subject to weather conditions and resource availability.
In May, British International Investment (BII) invested $100 million in ReNew’s solar module and cell manufacturing arm, earmarked for expanding capacity by an additional 4 GW.
Take-private move: Last month, ReNew’s promoters revised their offer to take the company private, raising the bid to $8 per share in cash, up from the earlier $7.07. On Thursday, ReNew shares traded at $7.66 on the Nasdaq.
With this performance, ReNew continues to strengthen its position in India’s clean energy sector and global renewable markets, riding on both manufacturing scale and green power capacity expansion.
