ReNew Energy Reports Strong Q2 2027 Results with Increased EBITDA Guidance
ReNew Energy reported robust second-quarter fiscal 2027 financial results, characterized by a 28% year-over-year increase in Adjusted EBITDA to INR 33.6 billion and a 37.3% rise in net profit to INR 6.4 billion. Growth was driven by favorable wind resources, increased operational capacity, and strong contributions from the solar manufacturing segment. The company's operating portfolio grew to 13.8 GW, representing a 23% increase year-over-year. Following strong first-half performance, management raised its full-year Adjusted EBITDA guidance to a range of INR 105 billion to INR 109 billion. The company also upgraded its manufacturing EBITDA outlook and noted significant improvements in liquidity metrics, including a record-low Days Sales Outstanding (DSO) for independent power production. While grid curtailment remains a minor risk factor, the company's committed portfolio stands at 20.5 GW with high-quality offtakers like Amazon, Microsoft, and Google.
Topics: earnings report EBITDA guidance financial performance renewable energy