ReNew Energy Q3 Revenue Tops $349M, EPS Beats With High Leverage Pressure
ReNew Energy Global posted Q3 EPS of $0.001 versus an expected -$0.12 and revenue of $349 million versus forecasts of $333 million, demonstrating solid performance. With a P/E ratio of 21.28, its 6.23 debt-to-equity ratio and 0.77 current ratio indicate high leverage and tight liquidity.
1. Q3 2026 Financial Results
ReNew Energy Global reported Q3 EPS of $0.001, surpassing estimates of -$0.12, and generated revenue of $349 million against forecasts of $333 million, reflecting demand growth in wind, solar and hydroelectric segments.
2. Leverage and Liquidity Profile
The company's debt-to-equity ratio stands at 6.23, indicating significant leverage, while a current ratio of 0.77 points to potential challenges in covering short-term liabilities with available assets.
3. Valuation Metrics
Investors assign a P/E ratio of 21.28 and a P/S ratio of 1.43, signaling confidence in earnings and sales potential; however, elevated EV/Sales of 7.29 and EV/OCF of 11.46 alongside a 4.70% earnings yield suggest cautious evaluation of cash flow and profitability.