ReNew Energy Global Plc, a leading decarbonization solutions company has announced its unaudited consolidated IFRS results for Q4 FY26 and the fiscal year ended March 31, 2026.
Operating Highlights:
As of March 31, 2026, ReNew’s total portfolio expanded to approximately 20 GW, including 1.7 GW/6.2 GWh of battery energy storage systems (BESS), up from 17.3 GW recorded a year earlier. The company has also strengthened its manufacturing footprint with 6.4 GW of solar module capacity and 2.5 GW of solar cell production capacity. To further support growth, ReNew is adding another 4 GW of solar cell manufacturing capacity, which is expected to become operational by December 2026.
ReNew’s commissioned renewable energy capacity rose 16.6% year-over-year to around 12.6 GW as of March 31, 2026, including 100 MW/250 MWh of BESS capacity. Following the fiscal year-end, the company commissioned an additional 247 MW, taking its total operational capacity to nearly 12.8 GW.
Financially, ReNew delivered strong growth during FY26. The company reported total income of INR 150,635 million (US$ 1,605 million), compared with INR 109,070 million (US$ 1,162 million) in FY25. Net profit more than doubled to INR 10,385 million (US$ 111 million), up from INR 4,591 million (US$ 49 million) in the previous fiscal year. Adjusted EBITDA also increased significantly to INR 98,503 million (US$ 1,050 million), compared to INR 79,188 million (US$ 844 million) in 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.
