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ReNew Energy Global (RNW)
NASDAQ:RNW
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2022
|% Change Since: 20.62%
|Next Earnings Date:Nov 17, 2021
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements in megawatt commissioning, financial performance, and solar manufacturing. However, challenges in wind energy performance and potential PPA issues were noted. Overall, the highlights outweigh the lowlights, indicating a strong performance and strategic growth.Company Guidance
In the ReNew Q2 2025 earnings call, Sumant Sinha provided detailed guidance for the company's performance and future expectations. The company reaffirmed its megawatts target for the fiscal year, having already commissioned 860 megawatts with an additional 350 to 400 megawatts expected to be commissioned in the third quarter. The total operating capacity grew by approximately 30%, while the overall portfolio expanded by about 18%, reaching 16.3 gigawatts, including 900 megawatt-hours of battery storage. Financially, ReNew reported a 14% increase in adjusted EBITDA and a 31% rise in profit after tax, attributing these gains to cost optimization and lower general and administrative expenses. Sinha highlighted the company's success in securing power purchase agreements (PPAs) for 2.9 gigawatts in the current fiscal year and emphasized the operational readiness of their 3.4-gigawatt solar module manufacturing facilities. The company set a medium-term target for delivering levered returns of 16% to 20% while maintaining disciplined capital deployment.Record Megawatt Commissioning
ReNew commissioned 860 megawatts this fiscal year, with an additional 350 to 400 megawatts expected in the third quarter, demonstrating a strong commitment to expanding renewable energy capacity.
Financial Performance Improvement
Adjusted EBITDA grew by 14%, and profit after tax increased by 31% due to cost optimization and lower finance costs.
Expansion of Contracted Portfolio
ReNew's contracted portfolio grew by 21% after adjustments for asset sales, with a total portfolio of 16.3 gigawatts.
Solar Manufacturing Achievements
ReNew's solar module manufacturing facilities are fully operational, with trial production of cells started. They secured an external order book of over 900 megawatts and achieved Bloomberg Tier 1 supplier status.
ESG and Sustainability Progress
ReNew achieved carbon neutrality for the fourth consecutive year with a 10% reduction in Scopes 1 and 2 emissions and enhanced ESG ratings.
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RNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $5.48 | $5.49 | +0.18% |
| Aug 15, 2024 | $5.92 | $5.57 | -5.91% |
| Jun 05, 2024 | $6.23 | $5.82 | -6.58% |
| Feb 20, 2024 | $6.44 | $6.31 | -2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ReNew Energy Global (RNW) report earnings?
ReNew Energy Global (RNW) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is ReNew Energy Global (RNW) earnings time?
ReNew Energy Global (RNW) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNW EPS forecast?
RNW EPS forecast for the fiscal quarter 2025 (Q3) is -0.04.
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