RNW
ReNew Energy Global Plc5.19
-0.31-5.64%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Solar-BESS pivot details, curtailment risks
Q&A drilled into the solar-BESS pivot from wind, driven by cheaper BESS costs, chronic wind PLF shortfalls, and simpler Rajasthan execution—cutting CapEx by INR 60B with EBITDA dipping just INR 6.5-6.8B for better risk-adjusted returns. Management flagged ongoing transmission delays and curtailment (10-20% on T-GNA assets, now ~400MW), noting government committees eyeing broader compensation beyond GNA's 30-35% coverage. No BESS manufacturing pursuits amid cheap China imports. Headline leverage targets 5.5x by 2028-30 via recycling. Wind's variability stings. Answers affirm the scripted de-risking push; investors eye curtailment fixes.
Key Stats
Market Cap
1.89BP/E (TTM)
19.22Basic EPS (TTM)
0.27Dividend Yield
0%ALCE
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