Nasdaq listed ReNew Energy Global, a leading decarbonization solutions company on Thursday announced a thirteenfold jump in its net profit to Rs 5,13.1 crore ($60 million) in the first quarter of FY26 against Rs 39.4 crore ($5 million) in Q1.
Robust revenue and Ebitda growth
The company’s adjusted Ebitda for Q1FY26 came in at Rs 2,722 crore ($317 million), as against Rs 1,897.9 crore ($221 million) in Q1 FY25. Total income (or total revenue) for the quarter under review increased to Rs 4,118.2 crore ($480 million) compared to Rs 2,490.3 crore ($290 million) in Q1FY25.
Revenue from sale of power for Q1FY26 also registered a rise of 14% Rs 2,547.3 crore ($297 million) compared to Rs 2,233.5 crore ($260 million) in Q1FY25. The company’s total income for the first quarter from its module and cell manufacturing operations came in at Rs 1,322.3 crore ($154 million).
Net profit and adjusted Ebitda for Q1FY26 from external sales from its module and cell manufacturing operations was Rs 3,56.2 crore ($42 million) and Rs 529.2 crore ($62 million) respectively, the company said.
FY26 Expanding capacity and portfolio
As of June 30, 2025, the company’s portfolio consisted of 18.2 GWs (+1.1 GWh BESS), compared to 15.6 GWs as of June 30, 2024.
In addition, ReNew has 6.5 GW of operational solar module manufacturing and 2.5 GW of cell manufacturing capacity. The company is also building a 4 GW cell manufacturing facility.
The company’s commissioned capacity has increased 14.8% year-over-year to 11.1 GWs (net of 600 MWs of assets sold since Q1FY25) as of June 30, 2025. Subsequently, it commissioned an additional 50 MWs in July 2025.