Adani Green profit rises 15.4% to 673 crore rupees, beats estimates
Key Facts
Adani Green Energy's net profit rose 15.4% year-on-year to 673 crore rupees in the quarter ended September 2026, beating analysts' estimates, according to the Financial Express. The company posted net profit of 583 crore rupees in the corresponding quarter of September 2025. The result exceeded analysts' forecast of 593 crore rupees, the newspaper said, with revenue also beating estimates for the same period. Quarterly revenue stood at 4,258 crore rupees, compared with 3,008 crore rupees in the corresponding period a year earlier. Analysts had expected revenue of 4,068 crore rupees for the quarter, putting both net profit and revenue above estimates.
The Financial Express reported earnings before interest, taxes, depreciation and amortisation of 3,797 crore rupees for the September 2026 quarter. The newspaper compared the result with analysts' forecast of 3,600 crore rupees, with the company also beating estimates on this measure. In the company's reported results specifically for its power supply business, revenue reached 4,019 crore rupees in the quarter ended September. EBITDA from the power supply business stood at 3,835 crore rupees, according to Adani Green's earnings statement issued by the Adani Group. The financial results coincided with a 33% year-on-year increase in power sales in the second quarter of fiscal 2027 to 12,090 million units of electricity, according to the statement.
The company is accelerating battery development to shield its business from power transmission grid delays, according to comments by Chief Executive Ashish Khanna carried by the Financial Express. Khanna cited "transmission grid delays" in explaining the purpose of accelerating this part of the company's business. At Khavda, reported battery energy storage capacity reached 6.63 gigawatt-hours by the end of September 2026, according to the company's earnings statement. The focus on storage comes alongside an expansion of the company's operational renewable energy base during the first half of the fiscal year. Operational renewable energy capacity reached 20.8 gigawatts at the end of September, up 24% year-on-year, according to the statement.
On expansion spending, Adani Green reported capital expenditure of 17,160 crore rupees in the first half of fiscal 2027. The figure covers the first-half period ended September 2026, according to the company's earnings statement. On financing, the ratio of net debt to run-rate EBITDA stood at 5.6 times in the results for the same period. Capital expenditure and debt levels place the financial side of the expansion alongside growth in sales and operational capacity in the company's results. Over the longer term, Adani Green aims to reach renewable energy capacity of 50 gigawatts by 2030, according to the target set out in its earnings statement.