ReNew Energy Q3 Revenue Soars 48% and EBITDA Jumps 54%
ReNew Energy Global reported Q3 FY2026 revenue of ₹31,372 million ($349 million), up 48% year-over-year, driven by a 23.1% rise in electricity sales and a 52.2% jump in wind output. Adjusted EBITDA surged 54% to ₹21,380 million and net loss narrowed to ₹198 million, with EPS at ₹0.16.
1. Q3 FY2026 Financial Highlights
ReNew Energy Global reported Q3 FY2026 revenue of ₹31,372 million, up 48% year-over-year, and adjusted EBITDA of ₹21,380 million, up 54%. Net loss narrowed to ₹198 million from ₹3,879 million a year earlier, while EPS swung to ₹0.16 per share versus analysts’ ₹-9.32 estimate.
2. Operational Drivers and Sequential Trends
Power sales revenue reached ₹18,290 million, supported by a 23.1% rise in electricity sold to 5,077 million kWh. Wind generation jumped 52.2% year-over-year and solar output grew 7.9%, reflecting benefits from newly commissioned capacity, while sequential revenue declined from ₹38,560 million in Q2 due to lower solar plant load factors and revenue lost from assets sold under its capital recycling program.
3. Updated FY26 Guidance
ReNew updated full-year FY26 guidance, now expecting adjusted EBITDA between ₹90 billion and ₹93 billion and cash flow to equity of ₹14 billion to ₹17 billion.