ReNew Energy Global (RNW) Gross Margin (2020 - 2026)
ReNew Energy Global (RNW) posted quarterly Gross Margin of 79.35% for Q1 2026, up 494.0% year-over-year from 13.36% in Q1 2025, and up 5.3% quarter-over-quarter from 75.36% in Q4 2025.
ReNew Energy Global (RNW) Gross Margin (2020 - 2026) Analysis & Trends
ReNew Energy Global (RNW) has reported Gross Margin for 7 consecutive years, with 79.35% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 494.0% year-over-year to 79.35%; the TTM figure through Mar 2026 stood at 80.77% (down 835.0% YoY), while the FY2026 annual figure was 80.77%, down 841.0% from the prior year.
- Gross Margin improved to 79.35% in Q1 2026 per RNW's latest filing, from 75.36% in the prior quarter.
- Across five years, Gross Margin topped out at 100.0% in Q3 2022 and bottomed at 70.4% in Q1 2023.
- Historically, Gross Margin has averaged 89.32% across 5 years, with a median of 93.88% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin soared 160158993 bps — and 2023, when it plunged 2858 bps.
- ReNew Energy Global's Gross Margin stood at 99.95% in 2022, then slipped by 6 bps to 93.75% in 2023, then retreated by 8 bps to 86.11% in 2024, then retreated by 12 bps to 75.36% in 2025, then advanced by 5 bps to 79.35% in 2026.
- Business Quant data shows RNW's Gross Margin at 79.35% in Q1 2026, 75.36% in Q4 2025, and 87.75% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.83 Bn | 10.67 Bn | 117.49 Mn | 70.78% |
| 2 | Ormat Technologies | 6.98 Bn | 6.33 Bn | 68.70 Mn | 26.55% |
| 3 | Brookfield Renewable Partners | 4.64 Bn | 2.14 Bn | 623.00 Mn | 57.90% |
| 4 | Clearway Energy | 3.77 Bn | 3.43 Bn | 332.00 Mn | 69.02% |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 79.35% |
| 6 | Fluence Energy | 1.82 Bn | 1.26 Bn | 33.24 Mn | 5.12% |
| 7 | XPLR Infrastructure | 1.08 Bn | 580.68 Mn | - | - |
| 8 | Energy Vault Holdings | 687.47 Mn | 618.72 Mn | 4.79 Mn | 21.88% |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 59.62% |
| 10 | Eco Wave Power Global AB (publ) | 323.32 Mn | 323.32 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.35% |
| Dec 31, 2025 | 75.36% |
| Sep 30, 2025 | 87.75% |
| Jun 30, 2025 | 78.90% |
| Mar 31, 2025 | 74.41% |
| Dec 31, 2024 | 86.11% |
| Sep 30, 2024 | 98.43% |
| Jun 30, 2024 | 98.91% |
| Mar 31, 2024 | 94.01% |
| Dec 31, 2023 | 93.75% |
| Sep 30, 2023 | 95.51% |
| Jun 30, 2023 | 97.30% |
| Mar 31, 2023 | 70.40% |
| Dec 31, 2022 | 99.95% |
| Sep 30, 2022 | 100.00% |
| Mar 31, 2022 | 98.98% |
| Dec 31, 2021 | -1,601,489.99% |
| Sep 30, 2021 | 99.95% |
| Jun 30, 2021 | 98.82% |
| Mar 31, 2021 | 97.94% |