ReNew's Q3 FY26 results reveal significant growth, with adjusted EBITDA up 31% and a sixfold increase in profit after tax, driven by strategic portfolio optimization and advantageous financing conditions.
- Operating capacity increased from 10.7 GW to 11.8 GW, with a 19% net increase year-over-year after accounting for asset sales.
- Adjusted EBITDA for the first nine months reached INR 74.8 billion, with profit after tax growing over sixfold.
- Successfully raised $600 million via a bond offering, reducing interest rates substantially, resulting in annual savings of approximately $9 million.
- Company expects adjusted EBITDA guidance to increase to INR 90 billion to INR 93 billion for the fiscal year, supported by robust manufacturing contributions.
- ESG performance remains a priority, achieving top quartile global ratings in climate and water management initiatives.
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