ReNew Energy Global (NASDAQ: RNW) reported first-quarter earnings per share of ₹11.56, missing analyst estimates of ₹11.79 by ₹0.23, according to filings.
The company’s revenue for the period totaled ₹47.86 billion, topping the consensus estimate of ₹41.14 billion. The results reflect continued expansion in India’s renewable energy sector, where ReNew operates wind and solar projects.
Shares of ReNew closed at ₹6.82 on August 17, up 0.15% on the day, bringing year-to-date gains to 15.2%. Over the past 12 months, the stock remains down 12.13%, reflecting broader market volatility in clean energy equities.
Analysts had revised earnings estimates downward once in the last 90 days, with no upward revisions recorded. InvestingPro rated the company’s financial health as "good performance."
