Adani Green Energy Ltd (AGEL), India's largest renewable energy company, has announced impressive financial results for the first quarter of fiscal year 2026, demonstrating substantial growth and operational excellence.

Key Financial Highlights

• Revenue Growth: AGEL's revenue from power supply increased by 31% year-over-year to ₹3,312.00 crores in Q1 FY26.
• EBITDA Performance: The company's EBITDA from power supply grew by 31% YoY to ₹3,108.00 crores, maintaining an industry-leading EBITDA margin of 92.80%.
• Cash Profit: Cash profit rose by 25% YoY to ₹1,744.00 crores.
• Energy Sales: The company reported a significant 42% YoY increase in energy sales, reaching 10,479 million units.

Operational Achievements

• Capacity Expansion: AGEL's operational renewable energy capacity grew by 45% YoY to 15,816 MW, solidifying its position as India's largest renewable energy portfolio.
• Greenfield Additions: The company added 1.60 GW of greenfield renewable energy capacity in Q1 FY26 alone, contributing to a total addition of 4.90 GW over the past year.
• Project Performance: AGEL consistently generated electricity exceeding the overall annual commitment under its power purchase agreements (PPAs).

Strategic Developments

• Khavda Project: AGEL is developing a massive 30 GW renewable energy plant at Khavda, Gujarat, spread over 538 sq km. The company has already operationalized 5.60 GW of solar, wind, and hybrid capacity at this site.
• Technology Deployment: The Khavda plant utilizes advanced technologies, including bifacial solar modules, trackers, and India's largest 5.20 MW wind turbines.
• ESG Leadership: AGEL ranked first in the FTSE Russell ESG score in the Alternative Electricity subsector globally and won recognition at the Reuters Global Energy Transition Awards 2025.

Management Commentary

Ashish Khanna, CEO of Adani Green Energy, stated, "During Q1 FY26, we added 1.60 GW of greenfield renewable energy capacity, bringing our total increase to 4.90 GW over the past year—an achievement unmatched in India's transition toward clean energy. We are on track to achieve our 2030 target of 50 GW RE capacity with at least 5 GW of hydro pumped storage along with battery storage."

AGEL's strong performance in Q1 FY26 underscores its commitment to India's clean energy transition and its position as a leader in the renewable energy sector. The company's focus on operational excellence, strategic capacity expansion, and ESG leadership continues to drive its growth and contribute to the nation's sustainable energy goals.

Adani Green Energy Limited (AGEL), India's largest renewable energy company, has reported a robust financial performance for the first quarter, with significant growth in revenue and net profit.

Strong Financial Performance

The company reported Q1 revenue of 38.00 billion rupees, representing a significant 33% increase from 28.56 billion rupees in the same period last year. AGEL's consolidated net profit rose by 13% year-over-year to 7.13 billion rupees for the quarter ended June 30, up from 6.29 billion rupees in the same period last year. This growth was primarily driven by a significant expansion in operational capacity and improved plant performance.

Revenue and Operational Highlights

AGEL's revenue from power supply saw a substantial increase of 31% year-over-year, reaching 33.12 billion rupees. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to 30.40 billion rupees from 23.80 billion rupees year-over-year. However, the EBITDA margin declined to 80.05% compared to 85.15% in the previous year's corresponding quarter.

Capacity Expansion and Energy Sales

The company's operational renewable energy capacity expanded by 45% year-over-year to 15,816 MW, marking significant progress towards its 2030 target of 50 GW. This expansion contributed to a 42% increase in energy sales, which reached 10,479 million units during the quarter.

World's Largest Renewable Energy Plant

Adani Green Energy is developing a massive 30 GW renewable energy plant at Khavda in Gujarat, spread over an area of 538 sq km. The company has already achieved an operational capacity of 5.6 GW at this site and is on track to reach the full 30 GW capacity by 2029.

ESG Leadership

Adani Green Energy continues to demonstrate leadership in Environmental, Social, and Governance (ESG) practices. The company now ranks first in the FTSE Russell ESG score in the Alternative Electricity subsector globally. It also won recognition at the Reuters Global Energy Transition Awards.

Management Commentary

Ashish Khanna, CEO of Adani Green Energy, stated, "During Q1, we added 1.6 GW of greenfield renewable energy capacity, bringing our total increase to 4.9 GW over the past year—an achievement unmatched in India's transition toward clean energy. Our investments in the massive RE development at Khavda in Gujarat as well as other resource-rich sites are delivering results both in terms of superior operational performance and industry-best EBITDA margins."

Future Outlook

AGEL remains committed to achieving its 2030 target of 50 GW renewable energy capacity, including at least 5 GW of hydro pumped storage along with battery storage. The company's focus on advanced technologies and operational excellence positions it well for continued growth in India's renewable energy sector.

As Adani Green Energy continues to expand its capacity and improve its financial performance, it is playing a crucial role in India's transition to clean energy and contributing significantly to the country's renewable energy goals.