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Informist, Friday, Apr. 24, 2026

By Avishek Rakshit

KOLKATA – India's largest and fastest-growing pure-play renewable energy company, Adani Green Energy Ltd. Friday reported a sharp jump in its net profit and decent revenue growth in the March quarter, primarily owing to robust greenfield capacity addition, deployment of advanced technologies, and strong plant performance. 

Adani Green reported a 73% on-year increase in its consolidated net profit for the March quarter at INR 3.97 billion. The net profit included a one-time cost of INR 1.08 billion. Excluding the one-time cost, the company's net profit for the March quarter was INR 5.05 billion. However, Adani Green had also incurred a one-time expense of INR 1.66 billion in the corresponding quarter of last year.

Revenue of the company increased 14% on year to INR 35.02 billion in the quarter under review. The company's revenue from power supply increased 16% on year to INR 30.94 billion and earnings before interest, tax, depreciation, and amortisation from the segment increased 20% on year to INR 29.44 billion. The company's cash profit in the March quarter increased 21% on year to INR 14.94 billion.

During the year ended March, Adani Energy's consolidated revenue increased over 15% on year to INR 129.28 billion and consolidated net profit increased over 14% on year to INR 16.52 billion. 

"The company on the back of robust project and operational excellence, commissioned 5.1 GW (gigawatt) of greenfield capacity, thereby reaching 19.3 GW of total operational capacity. It is the highest greenfield annual capacity expansion globally by any company (outside China)," Sagar Adani, executive director at Adani Green Energy, said in a statement. 

Greenfield capacity addition in FY26 was 1.5 times that of FY25. The greenfield additions in FY26 include 3,412 MW of solar capacity in Gujarat and Rajasthan, 683 MW wind capacity in Gujarat, and 956 MW of solar-wind hybrid capacity in Gujarat.

Adani Green is progressing with the development of the massive 30 GW plant at Khavda in Gujarat, which will be the world's largest renewable energy plant upon completion. This plant spans 538 square kilometres, almost five times the size of the city of Paris. The operational portfolio at Khavda currently stands at 9.4 GW. Adani Green is targeting the commissioning of the full 30 GW capacity by 2029. 

"On the battery storage side, we installed 1.4 GWh of capacity in FY26, which is one of the world's largest single-location BESS (battery energy storage systems) deployments and will complement our contract mix to take us closer to building a resilient and future-ready energy ecosystem. Our Pumped Hydro Storage Project in Andhra Pradesh is also progressing well," Adani Green said. The company is targeting 10 GWh battery storage capacity by FY27.

Friday, shares of Adani Green ended 1.8% higher at INR 1,235,80 on the National Stock Exchange. The company announced the results during market hours. End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Saji George Titus

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