Adani Green Energy Q4FY26 Results Approved, Audio Call Recording Released
Adani Green Energy's board approved audited Q4FY26 results reporting 34% YoY growth in energy sales to 37.6 bn units, EBITDA of Rs. 10,865 crore with 91% margin, and operational portfolio of 19,294 MW. The company reappointed three independent directors, appointed new auditors, made senior management changes, and scheduled the 11th AGM for June 25, 2026. Audio recordings of the analysts/investors call held on April 24, 2026, are now available on the company website.
*this image is generated using AI for illustrative purposes only.
Adani Green Energy has announced the outcome of its board meeting held on April 24, 2026, where directors approved audited financial results for Q4FY26 and made several key governance appointments. The company reported strong operational performance with 34% growth in energy sales alongside significant organizational changes. Following the board meeting, the company has also released audio recordings of the analysts and investors call pertaining to the audited financial results.
Financial Results Approval
The board meeting, which commenced at 11:00 a.m. and concluded at 01:30 p.m., approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Joint statutory auditors M/s. S R B C & Co. LLP and M/s. Dharmesh Parikh & Co. LLP issued unmodified audit opinions on the financial results.
| Financial Metric: | FY26 Performance |
|---|---|
| Energy Sales: | 37.6 bn units (34% YoY growth) |
| EBITDA from Power Supply: | Rs. 10,865 crore (23% YoY growth) |
| EBITDA Margin: | 91% |
| Operational Portfolio: | 19,294 MW |
The company's operational portfolio powers more than 8.7 million homes and avoids approximately 36 million tonnes of CO2e emissions annually.
Analysts and Investors Call Recording
Adani Green Energy has provided website links to access audio recordings of the Analysts/Investors Call on audited financial results for the quarter and year ended March 31, 2026. The call was held on April 24, 2026. Separate recordings are available for equity investors and fixed income investors through the company's official website.
Board and Leadership Changes
The board approved the reappointment of three independent directors for second terms, subject to shareholder approval:
| Director: | Effective Date |
|---|---|
| Mr. Romesh Sobti: | September 20, 2026 |
| Mrs. Neera Saggi: | September 07, 2026 |
| Dr. Anup Shah: | September 07, 2026 |
Mr. Romesh Sobti brings 46 years of banking experience, having served as Managing Director & CEO of IndusInd Bank. Mrs. Neera Saggi has over 40 years of experience in public and private sectors and was the first woman President of the Bombay Chamber of Commerce and Industry. Dr. Anup Shah is a senior partner with over 25 years of experience in international taxation and business restructuring.
Auditor Appointments
The board recommended significant changes to the company's audit structure:
| Auditor Firm: | Status |
|---|---|
| M/s. S R B C LLP: | Re-appointment as Joint Statutory Auditor |
| M/s. Shah Dhandharia & Co. LLP: | New appointment as Joint Statutory Auditor |
| M/s. T. R. Chadha & Co. LLP: | Appointed as Internal Auditor |
The appointments are effective from the conclusion of the 11th Annual General Meeting until the 16th Annual General Meeting in 2031.
Senior Management Changes
The board approved key changes in senior management personnel:
| Position: | Personnel Change |
|---|---|
| Head - Business Development: | Mr. Raj Kumar Jain transitioning to new Adani Group role |
| Head - Business Development & Strategy: | Mr. Lokesh Kumar Jeengar appointed |
Mr. Jeengar brings 18 years of experience in renewables, power, and transmission sectors, having worked closely with senior leadership on strategic initiatives including PPA negotiations and mergers & acquisitions.
Annual General Meeting
The board approved convening the 11th Annual General Meeting on Thursday, June 25, 2026, at 10:00 a.m. through video conferencing in accordance with applicable regulatory circulars. The meeting will address shareholder approvals for the various appointments and reappointments announced.
Operational Highlights
The company's Khavda renewable energy project, described as the world's largest single-location renewable energy site, continues to progress with 9.4 GW operational capacity targeting 30 GW by 2029. The site features advanced technology deployment including waterless robotic cleaning across 71.5% of the total solar fleet.
Historical Stock Returns for Adani Green Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.78% | +10.45% | +51.36% | +18.29% | +29.74% | +17.43% |
How will the leadership transition of Mr. Raj Kumar Jain to a new Adani Group role impact Adani Green's strategic partnerships and business development pipeline?
What specific expansion plans does Adani Green have to scale beyond the current 19,294 MW operational portfolio given the strong 34% energy sales growth?
How might the appointment of new joint statutory auditors affect investor confidence and transparency standards following recent governance scrutiny in the Adani Group?
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