ReNew Energy Global's Shares Fall After Lower Fiscal Q1 Earnings
MT Newswires Live08-17
ReNew Energy Global (RNW) shares were down 6% in recent trading Friday, a day after reporting lower fiscal Q1 earnings.
The company reported fiscal Q1 earnings late Thursday of 0.24 Indian rupees ($0.003) per diluted share, down from 7.41 rupees a year earlier.
Two analysts polled by Capital IQ expected 6.51 rupees.
Total revenue for the quarter ended June 30 was 22.81 billion rupees, up from 21.25 billion rupees a year earlier.
Two analysts surveyed by Capital IQ expected 25.67 billion rupees.
Price: 5.57, Change: -0.36, Percent Change: -6.00
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