Renew Energy Global PLC (RNW) reported robust financial results for the second quarter of fiscal 2026, significantly surpassing analyst expectations. The company posted earnings per share (EPS) of $11.53, exceeding the consensus estimate of $0.16 by $11.37. Revenue reached $36.2 billion, well above the anticipated $0.4 billion.
This performance underscores Renew Energy's strong operational capabilities within the utilities sector. As a leading provider of decarbonization solutions, the company specializes in renewable energy sources, including wind, solar, and hydro power, primarily in India. Its diverse segments also encompass the construction and maintenance of transmission lines and the manufacturing of solar panels and modules.
Management will discuss these results in an upcoming earnings conference call scheduled for August 10, 2026. Investors are encouraged to review the full earnings release and listen to the management commentary for a comprehensive understanding of the company's performance and future outlook.
With a market capitalization of $2.7 billion and a trailing twelve-month price-to-earnings (P/E) ratio of 28.40, Renew Energy continues to position itself as a significant player in the renewable energy landscape. The company's EPS for the trailing twelve months stands at 23.23.
This update provides insight into Renew Energy Global PLC's recent operational performance and financial health, indicating robust business fundamentals as it continues to navigate the renewable energy market.