NASDAQ$RNW
ReNew Energy Global Plc · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
ReNew reported strong earnings growth in Q1 FY26 with a surge in net income and adjusted EBITDA.
ReNew Energy Global delivered a strong quarter with a 65% YoY increase in revenue and a significant rise in net income to $60 million. Growth was driven by power sales and the manufacturing segment, contributing notably to revenue and profitability.
- Revenue grew to $480M in Q1 FY26, up from $290M a year ago
- Net income jumped to $60M from $5M in the prior year
- Adjusted EBITDA rose to $317M, a 43% increase YoY
- Manufacturing contributed $154M in revenue and $42M in net profit
Headline financials
Revenue & EPS history
ReNew · Revenue · Quarterly
$480M
Forward guidance
ReNew expects to complete construction of 1.6–2.4 GW by FY26-end with contribution from asset sales and manufacturing revenue in EBITDA.
Tailwinds
- FY26 construction target: 1.6–2.4 GWs
- Anticipates continued asset sale gains
- INR 8–10B EBITDA expected from manufacturing
- Strong capital recycling strategy
- Manufacturing to boost future cash flows
Headwinds
- Guidance subject to weather/resource variability
- EBITDA includes asset sale contributions
- Uncertainty around external module sales
- Execution risks in large-scale projects
- Limited disclosure on adjusted EPS or gross margin
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2026
+1.4%
Avg return
Earnings day
+2.8%
Avg return
5 days after
+5.3%
Avg return
30 days after
59%
10 / 17 earnings
Positive
+11.0%
Q1 2023
Best reaction
-4.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | — | — | — | |
| Q3 2027 | +2.8% | +4.6% | +11.0% | |
| Q2 2026 | -2.0% | -1.2% | +0.5% | |
| Q1 2026 | +0.7% | +1.3% | -0.4% | |
| Q4 2026 | +4.0% | -3.5% | +12.8% | |
| Q4 2024 | -4.1% | +7.1% | -1.5% | |
| Q3 2024 | -3.0% | +0.5% | -3.7% | |
| Q2 2024 | +6.6% | +3.2% | +23.8% | |
| Q1 2024 | -3.8% | -1.3% | -1.2% | |
| Q4 2023 | +6.7% | +6.7% | +3.4% | |
| Q3 2023 | -2.3% | -5.7% | -16.2% | |
| Q2 2023 | +3.4% | -3.4% | -11.1% | |
| Q1 2023 | +11.0% | +6.2% | +3.6% | |
| Q4 2022 | -0.9% | +5.4% | +15.7% | |
| Q3 2021 | -0.9% | +5.4% | +15.7% | |
| Q1 2022 | +1.1% | +10.4% | +18.4% | |
| Q2 2022 | +1.1% | +10.4% | +18.4% | |
| Q4 2020 | +2.7% | +1.7% | +0.8% | |
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| Q1 2016 | — | — | — |
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