ReNew Energy Global Third Quarter 2024 Earnings: Beats Expectations

ReNew Energy Global (NASDAQ:RNW) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹16.0b (up 21% from 3Q 2023).
• Net loss: ₹3.22b (loss narrowed by 20% from 3Q 2023).
• ₹8.86 loss per share (improved from ₹10.19 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ReNew Energy Global Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) also surpassed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Renewable Energy industry in the US.

Performance of the American Renewable Energy industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that ReNew Energy Global is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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