ReNew Energy Global Plc reported a 16% increase in net profit for the first quarter, reaching ₹595.3 crore compared to ₹513.1 crore in the same period last year. The company’s total income also rose by approximately 16% year-on-year to ₹4,786.4 crore from ₹4,118.2 crore in Q1 of the previous fiscal year, according to a statement released on Tuesday.
The growth in ReNew Energy’s financials was driven by higher revenue from power sales, which amounted to ₹26,749 million ($283 million) in Q1FY27, up from ₹25,473 million ($269 million) in Q1FY26. The company’s portfolio, as of June 30, 2026, included 20.5 gigawatts of renewable capacity, supported by 1.7GW/6.2GWh of battery energy storage systems, underscoring its expanding footprint in the renewable energy sector.
This performance highlights ReNew Energy’s strengthening position in India’s renewable energy market, which is witnessing increasing demand for clean power solutions. The company’s ability to scale its capacity and integrate battery storage aligns with broader industry trends toward sustainable energy infrastructure. ReNew’s growth compares with other sector players who are also expanding capacity to meet India’s renewable energy targets.
ReNew Energy’s next quarterly results will be closely watched as the company continues to capitalize on its renewable assets and storage capabilities. As of June 30, 2026, the company’s renewable portfolio stood at 20.5 gigawatts, positioning it as one of India’s leading renewable energy producers.