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Informist, Tuesday, Oct. 28, 2025

 

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--Adani Green Jul-Sept consol PAT INR 5.83 bln vs INR 2.76 bln year ago 
--Adani Green Jul-Sept consol revenue INR 30.08 bln vs INR 30.05 bln yr ago 
--Adani Green Apr-Sept consol PAT INR 12.96 bln vs INR 7.22 bln year ago 
--Adani Green Apr-Sept consol revenue INR 68.08 bln vs INR 57.99 bln yr ago 
--Adani Green Jul-Sept revenue from power supply INR 27.76 bln, up 20% YoY 
--Adani Green H1 revenue from power supply INR 60.88 bln, up 26% YoY 
--Adani Green Jul-Sept EBITDA from power supply INR 25.43 bln, up 19% YoY 
--Adani Green Jul-Sept EBITDA margin from power supply 90.5% vs 91.7% yr ago 
--Adani Green H1 EBITDA from power supply INR 56.51 bln, up 25% on year 
--Adani Green Apr-Sept EBITDA margin from power supply 91.8% vs 92.2% yr ago 
 

 

By Arya S. Biju

 

MUMBAI – Adani Green Energy Ltd.'s bottom line for the September quarter more-than-doubled on year supported by a tax credit of INR 2.37 billion and fall in costs related to sale of equipment or goods. However, the company's top line grew at its slowest pace since its stock market debut in June 2018. Robust greenfield capacity addition, deployment of advanced renewable energy technologies, strong plant performance, and commissioning of new capacities supported the company's earnings for the quarter, the company said in a press release.

 

The Adani group-owned renewable energy company's consolidated net profit for the quarter was INR 5.83 billion. In the corresponding quarter a year ago, the company had reported a consolidated net profit of INR 2.76 billion. On a sequential basis, its bottom line declined over 18%. The company's consolidated revenue for the quarter rose marginally to INR 30.08 billion from INR 30.05 billion reported a year ago. On a sequential basis, its revenue fell nearly 21%. 

 

During the quarter, the company had a tax credit of INR 2.37 billion against a tax expense of INR 260 million in the year-ago quarter. A less than 1% on-year rise in the company's total expenses during the quarter, which grew at its slowest pace since listing, also supported the company's bottom line. Rise in the company's total expenses was limited by a 92% on-year fall in costs related to the sale of equipment or goods, which offset the rise in finance costs and depreciation and amortisation expenses.

 

Adani Green Energy's costs related to the sale of equipment or goods declined to INR 470 million in the reporting quarter from INR 5.88 billion in the year-ago quarter. On the other hand, its largest expense, finance costs, grew nearly 13% on year to INR 16.35 billion, and its depreciation and amortisation expenses jumped up over 34% on year to INR 8.34 billion.

 

The company also incurred a one-time expense of INR 830 million during the quarter on account of repayment of borrowings by its subsidiaries. This was, however, lower than the one-time cost of INR 970 million reported in the year-ago quarter.

 

Revenue from the company's biggest business, power supply, grew 20% on year to INR 27.76 billion in the three months ended September. The earnings before interest, taxes, depreciation, and amortisation from power supply business grew 19% on year to INR 25.43 billion. EBITDA margin of the segment, however, contracted 120 basis points on year to 90.5%.

 

Revenue from the sale of goods, equipment and related services, however, fell sharply to INR 480 million in the September quarter from INR 6.75 billion in the corresponding quarter a year ago.

 

"Having already added 2.4 GW RE (gigawatt renewable energy) capacity in H1 FY26, we're on a firm path to 5 GW capacity addition in FY26 and reaching our targeted capacity of 50 GW by 2030," Ashish Khanna, chief executive officer of the company, said in a post-earnings press release Monday. As of the half year ended September, the company's operational capacity was 16.70 gigawatts, up 49% from the year-ago period.

 

Adani Green Energy added 2.44 gigawatts of greenfield capacity in Apr-Sept. Over the last one year, the company saw greenfield additions of 5.50 gigawatts, including 4.20 gigawatts of solar capacity, 491 megawatts of wind capacity and 805 megawatts of solar-wind hybrid capacity at Khavda in Gujarat. It had added 2.90 gigawatts of solar capacity at Khavda, 1.05 gigawatts in Rajasthan and 250 megawatts in Andhra Pradesh in the last one year.

 

For the six months ended September, the company reported a consolidated net profit of INR 12.96 billion, up nearly 80% on year. Consolidated revenue for the period grew over 17% on year to INR 68.08 billion. Sales from power supply grew nearly 26% on year to INR 60.88 billion. Its EBITDA from power supply during the period grew nearly 25% on year to INR 56.51 billion. Meanwhile, the EBITDA margin contracted 40 basis points on year to 91.8%. In Apr-Sept, the company's energy sales volume increased 39% on year to 4.45 billion units backed by robust capacity additions and strong operational performance.

 

The company announced its September quarter earnings post market hours Tuesday. Ahead of the earnings, shares of Adani Green Energy closed 1.3% lower at INR 1,004.20 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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