ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports Highest Ever Net Profit

ReNew Energy Global Plc (ReNew or the Company) (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended March 31, 2026.

Operating Highlights:

• As of March 31, 2026, the Company’s portfolio consisted of ~20 GWs (including 1.7 GW/6.2 GWh of BESS), compared to ~17.3 GWs as of March 31, 2025. Additionally, ReNew has 6.4 GW of solar module and 2.5 GW of solar cell manufacturing capacities and is expanding its solar cells manufacturing capacity by another 4 GW, which is expected to be operational by December 2026.
• The Company’s commissioned capacity has increased 16.6% year-over-year to ~12.6 GWs (including 100 MW/250 MWh of BESS) as of March 31, 2026. Subsequently, the Company commissioned ~247 MWs, taking the total capacity as on date to ~12.8 GWs (including 100 MW/250 MWh of BESS).
• Total Income (or total revenue) for FY26 was INR 150,635 million (US$ 1,605 million), compared to INR 109,070 million (US$ 1,162 million) for FY25. Net profit for FY26 was INR 10,385 million (US$ 111 million) compared to INR 4,591 million (US$ 49 million) for the fiscal year ended March 31, 2025 (“FY25”). Adjusted EBITDA for FY26 was INR 98,503 million (US$ 1,050 million), compared to INR 79,188 million (US$ 844 million) for FY25.
• Total Income (or total revenue) for Q4 FY26 was INR 39,548 million (US$ 421 million), compared to INR 34,391 million (US$ 367 million) for Q4 FY25. Net profit for Q4 FY26 was INR 777 million (US$ 8 million) compared to net profit of INR 3,137 million (US$ 33 million) for Q4 FY25. Adjusted EBITDA for Q4 FY26 was INR 23,663 million (US$ 252 million), compared to INR 22,118 million (US$ 236 million) in Q4 FY25.
• Revenue from the sale of power for FY26 was INR 88,196 million (US$ 940 million), compared to INR 81,606 million (US$ 870 million) for FY25. Revenue from the sale of power for Q4 FY26 was INR 18,358 million (US$ 196 million), compared to INR 18,414 million (US$ 196 million) for Q4 FY25.
• Total Income (or total revenue) for FY26 from external sales of our solar module and cell manufacturing operations was INR 41,944 million (US$ 447 million), compared to INR 13,253 million (US$ 141 million) for FY25. Net profit and Adjusted EBITDA for FY26 from external sales of our solar module and cell manufacturing operations were INR 8,845 million (US$ 94 million) and INR 14,782 million (US$ 158 million) respectively, compared to INR 2,623 (US$ 28 million) and INR 4,212 (US$ 45 million) respectively for FY25.
• Total Income (or total revenue) for Q4 FY26 from external sales of our solar module and cell manufacturing operations was INR 11,930 million (US$ 127 million), compared to INR 9,914 million (US$ 106 million) for Q4 FY25. Net profit and Adjusted EBITDA for Q4 FY26 from external sales of our solar module and cell manufacturing operations were INR 2,002 million (US$ 21 million) and INR 4,012 million (US$ 43 million), respectively, compared to INR 2,200 million (US$ 23 million) and INR 3,615 million (US$ 39 million) for FY25.

FY 27 Guidance

The Company expects to complete the construction of 1.6 to 2.4 GWs by the fiscal year ending March 31, 2027 (“FY27”). The Company’s Adjusted EBITDA and Cash Flow to Equity guidance for FY27 are subject to weather and resource availability being similar to FY26. 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 also expects external sales from our module and cell manufacturing operations and has included INR 10-12 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 93.83 to US$ 1.00. See note 1 for more information.