ReNew Energy Global (RNW) Operating Margin (2020 - 2026)
ReNew Energy Global (RNW) recorded Operating Margin of 21.44% in fiscal Q2 2027 (quarter ended Sep 30, 2026), up 6.25 percentage points from 15.20% a year earlier and up 2.76 percentage points from the prior quarter.
ReNew Energy Global (RNW) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, ReNew Energy Global's Operating Margin came in at 12.70% as of Sep 30, 2026, up 2.02 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 10.57%, up 0.19 percentage points from FY2025.
- Annual Operating Margin has increased for four straight fiscal years, with a four-year change of +28.23 percentage points (FY2022 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 10.39% in FY2025 (+0.14 pp), 10.25% in FY2024 (+13.10 pp), -2.85% in FY2023 (+14.80 pp) and -17.65% in FY2022.
- The fiscal Q2 2027 figure is the highest quarterly Operating Margin since fiscal Q2 2025.
- On a year-over-year basis, Operating Margin rose in three of the last seven quarters, with an average year-over-year change of +1.05 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 22.37 percentage points in fiscal Q4 2023, against a drop of 13.02 percentage points in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 18.68% (Q1 2027), 3.83% (Q4 2026) and -1.79% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 99.25 Bn | 90.15 Bn | - | 7.73% |
| 2 | Vistra | 45.00 Bn | 38.18 Bn | - | 13.77% |
| 3 | AXIA Energia | 25.07 Bn | 12.05 Bn | 2.59 Bn | 41.22% |
| 4 | Nrg Energy | 20.48 Bn | 14.70 Bn | 2.01 Bn | 13.05% |
| 5 | Talen Energy | 17.28 Bn | 15.00 Bn | - | 19.22% |
| 6 | Enlight Renewable Energy | 8.62 Bn | 4.92 Bn | 124.81 Mn | 48.83% |
| 7 | Brookfield Renewable Partners | 7.93 Bn | -20.71 Bn | - | - |
| 8 | Ormat Technologies | 5.82 Bn | 4.15 Bn | 77.38 Mn | 16.45% |
| 9 | Oklo | 4.73 Bn | -2.09 Bn | - | -6,048.76% |
| 10 | ReNew Energy Global | 2.52 Bn | 874.42 Mn | - | 21.44% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.44% |
| Jun 30, 2026 | 18.68% |
| Mar 31, 2026 | 3.83% |
| Dec 31, 2025 | -1.79% |
| Sep 30, 2025 | 15.20% |
| Jun 30, 2025 | 19.78% |
| Mar 31, 2025 | 10.00% |
| Dec 31, 2024 | -15.98% |
| Sep 30, 2024 | 28.21% |
| Jun 30, 2024 | 10.95% |
| Mar 31, 2024 | 11.68% |
| Sep 30, 2023 | 18.27% |
| Jun 30, 2023 | 21.62% |
| Mar 31, 2023 | -3.52% |
| Sep 30, 2022 | 2.94% |
| Jun 30, 2022 | 5.89% |
| Mar 31, 2022 | -25.89% |
| Dec 31, 2021 | -38.75% |
| Mar 31, 2021 | -26.96% |
| Dec 31, 2020 | -36.95% |
ReNew Energy Global Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=RNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "RNW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=RNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();