ReNew Energy Global plc (RNW), a prominent player in the renewable energy sector, recently announced its third-quarter fiscal year 2026 results, revealing a performance that comfortably surpassed market forecasts. The company's total revenue for the quarter reached approximately $349 million (₹31,372 million), marking an impressive 48% increase compared to the same period last year.
This substantial revenue growth was largely propelled by a significant rise in power sales, which contributed around $204 million (₹18,290 million), demonstrating a 22% quarter-over-quarter uplift. This was underpinned by a 23.1% rise in electricity generation, totaling 5,077 million kWh, compared to 4,125 million kWh in the prior year. Additionally, the company observed a 52.2% surge in wind energy generation and a 7.9% increase in solar energy output, primarily attributed to newly operational capacities. Despite a sequential dip in revenue from the preceding quarter, primarily due to lower solar plant load factors and asset sales, ReNew showcased remarkable financial resilience. The earnings per share (EPS) for the quarter stood at ₹0.16, dramatically outperforming the analyst consensus estimate of ₹-9.32. Furthermore, the net loss significantly shrank to approximately $2.2 million (₹198 million), a substantial improvement from the $43 million (₹3,879 million) net loss reported in Q3 FY25, largely due to a 54% year-over-year jump in adjusted EBITDA to about $238 million (₹21,380 million).
Looking ahead, ReNew has revised its full-year guidance, anticipating adjusted EBITDA to range between ₹90-93 billion and cash flow to equity to be in the range of ₹14-17 billion. Based in Gurgaon, Haryana, India, ReNew Energy Global plc is dedicated to developing, owning, and operating a diverse portfolio of utility-scale wind, solar, rooftop solar, and hydroelectric projects throughout India. The company's strategic focus on expanding its renewable energy footprint positions it as a key contributor to sustainable development and clean energy initiatives in the region.
ReNew's latest financial achievements highlight the company's robust operational strategies and its ability to thrive in a dynamic market. As a leader in renewable energy, ReNew is not just charting a course for its own success but also powering a sustainable future, demonstrating how environmental stewardship and economic growth can go hand in hand. This commitment to innovation and clean energy serves as an inspiring example for industries worldwide, proving that a greener planet is within our reach through dedicated effort and ingenuity.