Adani Green Energy profit rises 19% on capacity growth

Adani Green Energy reported a consolidated net profit of ₹983 crore for the quarter ended June 30, 2026, an increase of 19% from ₹824 crore in the corresponding period of the previous year. The company’s operational performance was bolstered by a 27% year-on-year expansion in renewable generation capacity to 20,142 MW, alongside a 30% rise in energy sales to 13,657 million units. Revenue from power supply surged 29% to ₹4,280 crore, while EBITDA from power supply grew 33% to ₹4,122 crore, achieving an industry-leading margin of 94%. Following the announcement, the company released the audio recording of its analysts and investors call held on July 22, 2026, to discuss the unaudited financial results.

Financial Performance

The unaudited financial results for Q1FY27 reflect strong growth across key metrics compared to the same quarter last year. The following table summarises the consolidated performance:

Metric:	Q1FY27 (Current)	Q1FY26 (Prior Year)	YoY Change
Consolidated Net Profit:	₹983 crore	₹824 crore	19%
Revenue from Power Supply:	₹4,280 crore	₹3,312 crore	29%
EBITDA from Power Supply:	₹4,122 crore	₹3,108 crore	33%
EBITDA Margin:	94%	—	—
Total Income:	₹4,663 crore	₹4,006 crore	16%

The company's cash profit increased 28% year-on-year to ₹2,225 crore. The growth in profitability was driven by higher energy sales and improved operational efficiencies, supported by the commissioning of new greenfield capacity during the period.

Operational Highlights

Adani Green Energy commissioned 848 MW of capacity during the quarter, including 1,972 MWh of Battery Energy Storage System (BESS) capacity at Khavda, taking the total installed BESS capacity to 3,551 MWh. The operational capacity at Khavda reached 10.3 GW, contributing significantly to the overall portfolio growth. The company remains on track to add 5 GW of renewable capacity and more than 10,000 MWh of BESS capacity by FY27.

Management and Governance Updates

The Board of Directors, in its meeting held on July 22, 2026, approved the unaudited financial results. Additionally, the Board appointed Ms. Poly Singh Arora as the Chief People Officer and designated her as Senior Management Personnel. The statutory auditors, M/s. S R B C & Co. LLP and M/s. Shah Dhandharia & Co. LLP, issued Limited Review Reports on the financial results. The filing also noted ongoing legal proceedings involving certain directors before the U.S. District Court for the Eastern District of New York, with no material impact required on the financial results based on legal advice.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.52%	-10.56%	-10.25%	+53.83%	+37.23%	+40.76%

Adani Green Energy has outlined an ambitious growth roadmap for FY27, planning to add 5 gigawatts of greenfield renewable energy capacity while targeting over 10 gigawatt-hours of Battery Energy Storage Systems (BESS) capacity by year-end. The company has also set a capital expenditure target of approximately ₹42,000 crore for FY27 to support its renewable energy expansion and BESS deployment goals.

Expansion and Storage Targets

Adani Green Energy's growth strategy encompasses both large-scale capacity additions and significant energy storage ambitions. The company aims to scale its total BESS capacity to 50 gigawatt-hours by FY30, with an interim milestone of exceeding 10 gigawatt-hours by the end of the current year. The following table summarizes the company's key targets:

Parameter:	Details
Greenfield Capacity Addition (FY27):	5 Gigawatts
BESS Target (Year-End):	Over 10 Gigawatt-Hours
BESS Long-Term Target (FY30):	50 Gigawatt-Hours
Capital Expenditure (FY27):	~₹42,000 Crore
Total EBITDA Run-Rate (Operational Portfolio):	₹21,000 Crore
BESS EBITDA (FY27):	₹25 Lakh – ₹30 Lakh per Megawatt-Hour

Pumped Hydro Project in Andhra Pradesh

As part of its broader energy storage strategy, Adani Green Energy plans to launch its 500 MW pumped hydro storage project in Chitravathi, Andhra Pradesh, during the current financial year. Pumped hydro storage is widely recognized as one of the most reliable large-scale energy storage technologies, enabling utilities to store surplus renewable energy and dispatch it during periods of peak demand. The 500 MW scale of this project underscores its potential significance for grid stability in the region.

Grid and Transmission Developments

Adani Green Energy also expects to resolve curtailment challenges by year-end, with 7 gigawatts of transmission capacity set to be added in the near term. Curtailment — the forced reduction of renewable energy output due to grid constraints — has been a key operational challenge for large-scale renewable energy producers in India. The addition of transmission capacity is expected to improve the effective utilization of the company's existing and upcoming renewable assets.

Financial Outlook

For FY27, Adani Green Energy has provided EBITDA guidance of ₹25 lakh to ₹30 lakh per megawatt-hour for its BESS segment, alongside a total EBITDA run-rate of ₹21,000 crore for its operational portfolio. The company's ₹42,000 crore capital expenditure plan for FY27 is directed toward supporting the 5 gigawatt greenfield capacity build-out and achieving the targeted BESS capacity milestone, reflecting the scale of investment required to meet its long-term clean energy objectives.