ReNew (RNW): Quarterly Earnings Beat Analyst Expectations

Abdul Rahman

Sat, February 21, 2026 at 8:20 PM GMT+9 2 min read

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ReNew Energy Global plc (NYSE:RNW) is one of the best alternative energy stocks to invest in according to analysts. On February 16, ReNew Energy Global plc (NYSE:RNW) shared its Q3 FY2026 earnings and reported ₹31,372 million (about $349 million) in total quarterly revenue, up 48% year over year.

ReNew (RNW): Quarterly Earnings Beat Analyst Expectations

Power sales contributed much of this growth, which climbed to ₹18,290 million (about $204 million), up 22% from the previous quarter. This was supported by a 23.1% rise in electricity sold, which was 5,077 million kWh vs. 4,125 million kWh a year ago. Wind generation also jumped 52.2% year over year, and solar grew 7.9% year over year. Management said the growth reflects the benefit of newly commissioned capacity.

That said, revenue fell significantly on a sequential basis, down from ₹38,560 million in Q2 FY26. This was due to lower solar plant load factors caused by reduced solar irradiation during the quarter, and revenue lost on assets sold as part of the capital recycling program.

Quarterly EPS came in at ₹0.16 per share, massively beating the analyst consensus estimate of ₹-9.32 per share. Also, the quarter’s net loss narrowed to just ₹198 million (~$2.2 million), compared to ₹3,879 million (~$43 million) net loss in Q3 FY25. The near-breakeven result was possible despite the sequential revenue decline because adjusted EBITDA surged 54% year over year to ₹21,380 million (~$238 million).

ReNew updated its full-year guidance and now expects FY26 adjusted EBITDA to be in the ₹90-93 billion range and the cash flow to equity range of between ₹14 billion and ₹17 billion.

ReNew Energy Global plc (NYSE:RNW) is a renewable energy company headquartered in Gurgaon, Haryana, India. The company develops, owns, and operates utility-scale wind, solar, rooftop solar, and hydroelectric projects across India.

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Disclosure: None. This article is originally published at Insider Monkey.

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