ReNew Energy's Strategic Growth Propels Revenue While Reducing Losses

ReNew Energy Global Plc's net loss reduced to Rs 19.8 crore in Q3 of FY26, compared to Rs 38.79 crore in the previous year. Revenue increased to Rs 3,137.2 crore, driven by solar energy and manufacturing expansion. The company expanded its portfolio to 19.2 GW, showcasing significant growth.

ReNew Energy Global Plc (ReNew) has reported a significant narrowing of its net loss to Rs 19.8 crore in the third fiscal quarter ending December 2025, supported by robust revenue growth. This is a marked improvement from the Rs 38.79 crore loss reported in the corresponding quarter of the prior financial year.

According to a company statement, total income for the period surged to Rs 3,137.2 crore, compared to Rs 2,119.8 crore in the same quarter of FY25. Revenue from power sales reached Rs 182.9 crore, supplemented by substantial contributions from solar module and cell manufacturing operations, which added Rs 666.3 crore.

As of December 31, 2025, ReNew's portfolio totaled 19.2 GW, including 1.5 GW of Battery Energy Storage Systems (BESS), reflecting growth from 17.4 GW the previous year. The company continues to expand its manufacturing capacity with 6.5 GW of solar modules and a 2.5 GW operational solar cell facility, alongside a 4-GW facility under development.

(With inputs from agencies.)