ReNew Energy Global plc reported its unaudited consolidated IFRS results for the third quarter (Q3) and nine months (9M) ended December 31, 2025. As of December 31, 2025, ReNew's portfolio reached approximately 19.2 GW, including 1.5 GW of battery energy storage systems $(BESS)$, compared to 17.4 GW a year earlier. The company also operates 6.5 GW of solar module manufacturing capacity and a 2.5 GW solar cell manufacturing facility, with an additional 4 GW solar cell facility under construction. For the three months ended December 31, 2025, basic earnings per share stood at USD 0.16, while diluted earnings per share were USD 0.16. For the nine-month period, basic earnings per share were USD 0.29 and diluted earnings per share were USD 0.28. Total current liabilities as of December 31, 2025, were USD 3.14 billion, and total liabilities amounted to USD 9.93 billion. Total equity and liabilities stood at USD 11.51 billion at the end of the period. For fiscal year 2026, ReNew has revised its guidance, expecting to complete construction of 1.8 to 2.4 GW by year-end. The company forecasts adjusted EBITDA in the range of INR 90-93 billion and cash flow to equity between INR 14-17 billion. External sales from solar module and cell manufacturing are expected to contribute INR 11-13 billion of adjusted EBITDA for the year. ReNew continues to anticipate net gains from asset sales as part of its capital recycling strategy.

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