ReNew Energy Reports Q1 Earnings Amid Pending Buyout Offer
On August 18, ReNew Energy Global (NASDAQ:RNW) reported first-quarter fiscal 2027 results showing continued growth in its renewable energy portfolio. The company expanded operating capacity to 13.5 gigawatts and achieved a total portfolio of 20.5 gigawatts including battery storage. Financial performance included a 12% year-over-year increase in adjusted EBITDA and a 16% rise in net profit. The report coincided with the announcement on August 11 of a $7.02-per-share cash buyout offer from a consortium led by CPPIB and founder Sumant Sinha, which is now central to shareholder considerations. Despite strong growth metrics, ReNew faces challenges such as declining manufacturing EBITDA margins due to global supply pressures and grid bottlenecks in Rajasthan affecting plant efficiency. The company's balance sheet shows net debt of $7.4 billion with a leverage ratio of 5.7 times adjusted EBITDA. While operational performance remains robust, the buyout offer introduces uncertainty regarding valuation fairness for shareholders.
Topics: ebitda growth portfolio expansion private equity buyout renewable energy