ReNew Energy Global Reports Q1 Fiscal 2027 Results and Outlines Strategic Moves
ReNew Energy Global (NASDAQ:RNW) reported strong first-quarter fiscal 2027 results, with total income of INR47.9 billion and adjusted EBITDA rising 12% year-over-year to INR30.4 billion. Profit after tax increased by 16% to INR6 billion. The company commissioned over 1 gigawatt of new capacity in the quarter, bringing its total committed portfolio to approximately 20.5 gigawatts. Despite these gains, solar output was impacted by grid curtailment and cloudier weather conditions, particularly affecting projects in Rajasthan. Management reiterated fiscal 2027 guidance for adjusted EBITDA between INR103 billion–INR109 billion and outlined plans to sell over 1 gigawatt of assets for $190 million in cash flow to equity. The company is also pursuing a proposed take-private transaction offering non-consortium shareholders $7.02 per share, pending regulatory approval.
Topics: capacity_expansion ebitda_growth grid_constraints renewable_energy