ReNew Energy Global Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	129,449	97,063	81,319	78,223	59,349	48,187
Revenue Growth (YoY)	50.28%	19.36%	3.96%	31.80%	23.16%	-0.46%
Operations & Maintenance	157	157	243	177	-	-
Selling, General & Admin	1,134	1,396	1,801	2,130	2,468	255
Depreciation & Amortization	24,161	20,670	17,583	15,901	13,764	12,026
Other Operating Expenses	40,644	22,545	16,887	17,114	6,708	5,531
Total Operating Expenses	66,096	44,768	36,514	35,322	22,940	17,812
Operating Income	63,353	52,295	44,805	42,901	36,409	30,375
Interest Expense	-57,683	-49,601	-42,051	-43,066	-35,667	-34,988
Interest Income	3,839	3,966	4,087	2,176	1,801	1,889
Net Interest Expense	-53,844	-45,635	-37,964	-40,890	-33,866	-33,099
Income (Loss) on Equity Investments	128	-22	-155	93	-	-45
Other Non-Operating Income (Expenses)	2,293	-502	-2,589	-2,757	-14,470	-2,499
EBT Excluding Unusual Items	11,930	6,136	4,097	-653	-11,927	-5,268
Gain (Loss) on Sale of Investments	103	103	90	114	21	-389
Gain (Loss) on Sale of Assets	3,074	3,074	3,642	-2	223	-205
Asset Writedown	-13	-13	-105	-630	-129	-447
Insurance Settlements	907	907	758	470	265	63
Other Unusual Items	-173	-173	-340	-1,769	-686	1,118
Pretax Income	15,828	10,034	8,142	-2,470	-12,233	-5,128
Income Tax Expense	3,083	5,443	3,995	2,559	3,895	2,904
Earnings From Continuing Ops.	12,745	4,591	4,147	-5,029	-16,128	-8,032
Minority Interest in Earnings	-777	-777	-743	212	51	214
Net Income	11,968	3,814	3,404	-4,817	-16,077	-7,818
Preferred Dividends & Other Adjustments	-145	-145	-230	-100	-	-
Net Income to Common	12,113	3,959	3,634	-4,717	-16,077	-7,818
Net Income Growth	806.67%	12.04%	-	-	-	-
Shares Outstanding (Basic)	363	363	366	383	370	401
Shares Outstanding (Diluted)	371	366	366	383	370	401
Shares Change (YoY)	1.51%	-0.07%	-4.22%	3.48%	-7.85%	5.38%
EPS (Basic)	33.34	10.92	9.94	-12.33	-43.49	-19.49
EPS (Diluted)	33.34	10.81	9.92	-12.33	-43.49	-19.49
EPS Growth	893.16%	8.97%	-	-	-	-
Free Cash Flow	-9,702	-26,094	-84,908	-20,792	-47,440	7,599
Free Cash Flow Per Share	-26.15	-71.27	-231.75	-54.35	-128.34	18.94
Profit Margin	9.36%	4.08%	4.47%	-6.03%	-27.09%	-16.22%
Free Cash Flow Margin	-7.50%	-26.88%	-104.41%	-26.58%	-79.93%	15.77%
EBITDA	87,369	72,820	61,782	58,341	49,886	42,133
EBITDA Margin	67.49%	75.02%	75.98%	74.58%	84.06%	87.44%
D&A For EBITDA	24,016	20,525	16,977	15,440	13,477	11,758
EBIT	63,353	52,295	44,805	42,901	36,409	30,375
EBIT Margin	48.94%	53.88%	55.10%	54.84%	61.35%	63.04%
Effective Tax Rate	19.48%	54.25%	49.07%	-	-	-
Revenue as Reported	144,246	109,070	96,531	89,309	69,195	54,491

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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