ReNew Energy Global Plc (RNW) Revenue History
Annual and quarterly revenue from 2012 to 2024
Compound Annual Growth Rate (CAGR)
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RNW Revenue Growth
Revenue Breakdown (FY 2024)
RNW's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
RNW Revenue Analysis (2012–2024)
As of May 8, 2026, ReNew Energy Global Plc (RNW) generated trailing twelve-month (TTM) revenue of $129.66 billion, reflecting explosive growth of +37.2% year-over-year. The most recent quarter (Q3 2025) recorded $25.35 billion in revenue, down 30.1% sequentially.
Looking at the longer-term picture, RNW's 5-year compound annual growth rate (CAGR) stands at +14.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $97.06 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows RNW's business is primarily driven by Power (86%), Sale of goods (14%), and Other Revenue (0%). With over half of revenue concentrated in Power, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including CWEN (+4.2% YoY), BEP (+9.4% YoY), and ARRY (+13.2% YoY), RNW has underperformed the peer group in terms of revenue growth. Compare RNW vs CWEN →
RNW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RNWCurrent | $129.7B | +37.2% | +14.9% | 53.5% | |
 CWEN | $1.4B | +4.2% | +3.6% | 12.3% | |
 BEP | $6.5B | +9.4% | +11.3% | 13.4% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% | |
 RUN | $3.0B | +52.4% | +26.2% | -4.3% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% |
RNW Historical Revenue Data (2012–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $97.06B | +19.4% | $88.47B | 91.1% | $51.91B | 53.5% |
| 2023 | $81.32B | +4.0% | $77.47B | 95.3% | $45.95B | 56.5% |
| 2022 | $78.22B | +31.8% | $71.27B | 91.1% | $42.41B | 54.2% |
| 2021 | $59.35B | +23.2% | $59.02B | 99.5% | $34.19B | 57.6% |
| 2020 | $48.19B | -0.5% | $47.76B | 99.1% | $29.92B | 62.1% |
| 2019 | $48.41B | +12.2% | $47.88B | 98.9% | $32.41B | 66.9% |
| 2018 | $43.14B | +75.3% | $43.06B | 99.8% | $31.37B | 72.7% |
| 2017 | $24.62B | +88.3% | $24.09B | 97.9% | $14.20B | 57.7% |
| 2016 | $13.07B | +113.0% | $13.07B | 100.0% | $7.69B | 58.9% |
| 2015 | $6.14B | +110.9% | $6.14B | 100.0% | $3.44B | 56.1% |
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Start ComparisonRNW — Frequently Asked Questions
Quick answers to the most common questions about buying RNW stock.
Is RNW's revenue growth accelerating or slowing?
RNW revenue is accelerating at +37.2% year-over-year, exceeding the 5-year CAGR of +14.9%. TTM revenue reached $129.7B. Growth momentum has increased versus prior periods.
What is RNW's long-term revenue growth rate?
ReNew Energy Global Plc's 5-year revenue CAGR of +14.9% reflects the sustained expansion pattern. Current YoY growth of +37.2% is above this long-term average.
How is RNW's revenue distributed by segment?
RNW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2012-2024 are available for download. Segment mix reveals concentration and diversification trends.