Adani Green Energy posts 19% rise in Q1 net profit on strong capacity addition

Adani Green Energy Ltd on Wednesday (July 22) reported a 19.3% year-on-year rise in consolidated net profit to ₹983 crore for the first quarter, compared with ₹824 crore in the corresponding period last year.

Revenue from operations increased 16.6% to ₹4,431 crore from ₹3,800 crore a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 31% to ₹3,985 crore from ₹3,042 crore in the year-ago period. EBITDA margin expanded to 90% from 80%.

For FY26, the company reported its highest-ever annual greenfield capacity addition of 5.1 GW and a 23% year-on-year increase in core EBITDA to ₹10,865 crore.

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Operational capacity grew 35% year-on-year to 19.3 GW, maintaining its position as India's largest operational renewable energy company. The company said it added 5,051 MW of greenfield capacity during FY26, 1.5 times the 3.3 GW added in FY25.

The new capacity comprised 3,412 MW of solar projects, including 2,974 MW in Khavda, Gujarat, and 438 MW in Rajasthan, along with 683 MW of wind capacity and 956 MW of solar-wind hybrid capacity, both in Khavda.

Energy sales increased 34% year-on-year to 37,567 million units during FY26, supported by higher operational capacity and plant performance.

Revenue from power supply rose 22% to ₹11,602 crore, while EBITDA from power supply increased 23% to ₹10,865 crore. The EBITDA margin from the power supply business stood at 91%. Cash profit for the year increased 11% year-on-year to ₹5,399 crore.

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The company attributed the growth in revenue and EBITDA to the addition of 5.1 GW of greenfield capacity during FY26, deployment of advanced renewable energy technologies, strong plant performance and commissioning of new projects at resource-rich sites in Khavda, Gujarat, and Rajasthan.

Adani Green also said it installed 1,376 MWh of battery energy storage system (BESS) capacity at Khavda, one of the largest single-location deployments globally, and is targeting more than 10,000 MWh of BESS capacity by FY27.

Separately, the board approved, subject to shareholders' approval, the reappointment of three independent directors for a second term. Romesh Sobti will be reappointed with effect from September 20, 2026, while Neera Saggi and Dr Anup Shah will be reappointed with effect from September 7, 2026.

ALSO READ | Adani Green Energy operational capacity rises 35% in FY26; energy sales grow 34%

Ashish Khanna, CEO, Adani Green Energy, stated: “We commenced FY27 with strong momentum, underpinned by disciplined execution that enabled us to surpass the 20 GW milestone, alongside a strengthening demand environment. As power demand in India rebounded during the quarter, our expanding renewable energy portfolio enabled us to reliably meet the nation’s growing clean energy requirements while continuing to deliver industry-leading operational performance.

On the energy storage front, we commissioned 1,972 MWh of Battery Energy Storage System (BESS) capacity during the quarter, taking our total installed BESS capacity to 3,551 MWh through one of the world's largest single-location deployments. As renewable penetration rises and power demand
continues to grow, storage will play a critical role in ensuring round-the-clock reliability and grid stability.

Together with our renewable generation portfolio and storage capacities, including pumped hydro storage initiatives, we are building a resilient, flexible and future-ready round-the-clock renewable ecosystem that will help accelerate India’s energy transition while strengthening long-term energy security."

Shares of Adani Green Energy Ltd ended at ₹1,472.85, down by ₹69.00, or 4.48%, on the BSE.