ReNew Energy reports Q1 FY27 growth, outlines FY27 guidance

ReNew Energy Glb (NASDAQ: RNW ) reported first-quarter financial results on Tuesday.

The transcript from the company's first-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary ReNew Energy Glb reported a 26% year-over-year growth in its operating portfolio and commissioned over 1 GW in the current fiscal year, with a committed portfolio of 20.5 GW.

The company delivered an adjusted EBITDA growth of 12% reaching INR 30.4 billion, with a 16% increase in profit after tax to INR 6 billion for Q1 FY27.

ReNew Energy Glb announced a take-private transaction with CPPIB and Soman Sina, with a cash offer of $7 per share for non-consortium shareholders.

Strategic initiatives include capital recycling with asset sales expected to generate $190 million and expansion in the C&I segment, notably with major tech companies as clients.

The company continues its sustainability efforts, achieving significant GHG emission reductions and maintaining high ESG ratings, and aims for continued growth supported by robust operational execution and financial performance.

Guidance for FY27 includes an adjusted EBITDA of INR 103 to 109 billion, with expectations to construct 1.6 to 2.4 GW and generate cash flow to equity of INR 18 to 22 billion.

Full Transcript OPERATOR Thank you for standing by and welcome to the ReNew Energy Glb 1Q FY27 earnings call.

All participants are in listen-only mode.

There will be a presentation followed by a question-and-answer session.

If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad.

I would now like to hand the conference over to Anunesh Shahi.

Thank you, and over to you.

Anunesh Shahi, Investor Relations Thank you.

Good morning everyone, and thank you for joining us today.

We have put out a press release announcing our results for the first quarter of fiscal year 2027.

A copy of the press release and the earnings presentation are available in the IR section of ReNew Energy Glb's website at With me today are Sumant Sinha, our Founder, Chairman and CEO, Kailash Vaswani, our CFO, and Vaishali Nigam Sinha, Co—Founder and Chairperson, Sustainability.

After the prepared remarks, which we expect will take 20 to 25 minutes, we will open the call for questions.

Please note that our safe harbor statements are contained within our press release, presentation materials, and materials available on our website.

These statements are important and integral to all our remarks.

There are risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements.

Therefore, we encourage you to review the press release and the presentation on our website for a more complete description.

Also contained in our press release, presentation materials and annual report are certain non—IFRS measures that we reconcile to the most comparable IFRS measures, and these reconciliations are also available on our website in the press release, presentation materials and our annual report.

With that, it is now my pleasure to hand it over to our Founder, Chairman and CEO, Sumant.

Over to you, Sumant.

Sumant Sinha, Founder, Chairman and CEO Yes, thank you, Anunesh.

Good morning, good afternoon and good evening, everybody, and I'm glad to have you all on our earnings call for the first quarter of fiscal year ended March 2027.

After a terrific fiscal 2026 where we reported our highest ever EBITDA and PAT, we continue to deliver on our promise of profitable growth in spite of the uncertain global macroeconomic situation and grid-related challenges in India.

We also continue to be disciplined in our approach towards judicious use of capital and allocating capital only towards the highest return opportunities.

Turning to highlights for this quarter, our focus towards executing at scale continues as we delivered a 26% growth in our operating portfolio year over year.

We have commissioned over 1 GW to date in the current fiscal which includes over 600 megawatts in Q1 itself.

Our overall committed portfolio now stands at 20.5 GW and includes 1.7 GW of BESS, and our total pipeline is at approximately 27 GW.

We also continue to execute our capital recycling plans.

In June 2026 we closed the sale of a 100 megawatt Tamil Nadu solar asset and received the proceeds.