ReNew Energy Q4 Revenue Climbs to $423M, EPS at $0.02 Beats Estimates
ReNew Energy Global reported Q4 revenue of $423.16 million, surpassing the $307.73 million consensus estimate, and delivered EPS of $0.02 versus an expected loss of $0.21. Operational capacity grew 16.6% year-over-year to 12.6 GW, with total portfolio reaching about 20 GW.
1. Q4 Financial Performance
ReNew Energy reported revenue of $423.16 million in Q4, exceeding the $307.73 million consensus by 38%, and delivered EPS of $0.02 compared with an expected loss of $0.21, marking the third EPS beat in four quarters.
2. Operational Capacity Growth
As of March 2026, commissioned capacity rose 16.6% year-over-year to 12.6 GW, contributing to a total operational portfolio approaching 20 GW of wind, solar and hydro projects across multiple markets.
3. Valuation Metrics
The company trades at a P/E ratio of 16.17, indicating investors pay $16 per dollar of earnings, while its debt-to-equity ratio of 6.29 reflects moderate leverage supporting asset financing.
4. Manufacturing Expansion Plans
ReNew plans to add 4 GW of solar cell capacity by December 2026, aiming to vertically integrate production and support accelerated project development and cost efficiencies.