ReNew H1 net profit jumps 84% YoY

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ReNew Energy Global Plc has reported a total Income (or total revenue) of $898 million for H1 FY26, a 45.7% increase YoY. Net profit surged 83.3% YoY to $110 million, driven by the company’s expanding operational RE capacity and solar manufacturing capacities.

ReNew’s operating portfolio reached 18.5 GW (+1.1 GWh BESS) as of Sep. 30, 2025, up from 15.6 GW as of Sep. 30, 2024, with commissioned capacity increasing 12.8% year-over-year to 11.4 GW (+150 MWh BESS). In addition, the company has 6.5 GW solar module manufacturing facilities and a 2.5 GW solar cell manufacturing facility with an additional 4 GW cell capacity under development.

In H1 FY26, external sales of solar modules and cells contributed $263 million to total income and $65 million to net profit.

Q2 FY26 revenue rose 29% YoY to $434 million, while net profit was marginally down to $53 million.

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