ReNew Energy Global Plc (RNW) Earnings Call Transcripts

ReNew Energy Global Plc's Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal year 2026, ReNew Energy Global Plc reported strong financial results, with adjusted EBITDA reaching INR 98.5 billion, exceeding guidance and marking a 25% year-on-year growth. The company achieved a profit after tax of INR 10.4 billion, up 2.3x from fiscal 2025. Management raised guidance for fiscal 2027, projecting adjusted EBITDA between INR 103 billion and INR 109 billion, indicating a 17% increase from prior expectations, driven by robust demand for renewable energy and contributions from their manufacturing business.

Reported metrics

Guidance from management

For fiscal 2027, ReNew expects adjusted EBITDA in the range of INR 103 billion to INR 109 billion, reflecting a 17% increase from the previous year's guidance. The manufacturing business is expected to contribute INR 10 billion to 12 billion to this figure.

What management said

Yes. So Maheep, as I mentioned, the cell facility -- top conserve facility will be operational towards the end of this fiscal year. So right now, the guidance doesn't include any contribution from that business but initially it would be in sort of trial-runphases.

Yes, the wafer plant will be commissioned only by June 2028 or thereabouts, so it won't -- it won't register in this FY '27 financial year or in fact, even in the FY '28 financial year.

What analysts pressed on

Analysts expressed concerns regarding potential curtailments in renewable energy projects due to grid expansion issues. There were also questions about the impact of DSM regulations on the wind portfolio, with management indicating that changes are likely but not finalized yet.

Main topics on the call

• Strong Financial Performance — ReNew reported an adjusted EBITDA of INR 98.5 billion for FY 2026, exceeding the top end of guidance. CEO Sumant Sinha stated, "This marks our third consecutive year of profitability with strong cash flow generation and ...
• Increased Guidance for FY 2027 — Management raised the adjusted EBITDA guidance for FY 2027 to a range of INR 103 billion to INR 109 billion, a 17% increase from last year's guidance. This reflects confidence in continued growth driven by their manufact...
• Growth in Manufacturing Business — The manufacturing segment contributed INR 14.8 billion to adjusted EBITDA, highlighting its importance as a growth driver. Sinha noted, "We expect to start production at our 4 gigawatt cell facility towards the end of th...
• Reduction in Leverage — Net debt to EBITDA improved by 1.1x year-on-year, reflecting effective capital management strategies. The interest expense to adjusted EBITDA ratio decreased significantly from 66% in FY 2025 to 16.5% in FY 2026.

Read the full ReNew Energy Global Plc transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 ReNew Energy Global Plc earnings call transcripts on record, spanning November 16, 2022 to May 18, 2026. Based on this history, ReNew Energy Global Plc reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RNW

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

16

First call

November 16, 2022

Most recent

May 18, 2026

Reporting cadence

quarterly