)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Adani Green Energy
Adani Green Energy (ADANIGREEN) investor relations material
Adani Green Energy Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary23 Jan, 2026
Executive summary
Energy sales rose 37% year-over-year to 27,636 million units in 9M FY26, driven by significant greenfield capacity additions and strong plant performance.
Operational renewable energy capacity expanded 48% YoY to 17.2 GW, with 5.6 GW added, including major projects in Khavda, Gujarat, and Rajasthan.
The Khavda project, the world's largest renewable installation, now has 7.7 GW operational, with a target of 30 GW by 2029 and a major battery storage project set for commissioning soon.
Solar, wind, and hybrid portfolios achieved high plant availability and CUF, with solar at 23.7–29.2%, wind at 29.2%, and hybrid at 34.8%.
Recognized as the world's top green utility and leading sustainability performer in global rankings, including No. 1 by Energy Intelligence and FTSE Russell.
Financial highlights
Revenue from power supply increased 25% YoY to ₹8,508 crore for the nine-month period; Q3 FY26 revenue was ₹2,420 crore, up 21% YoY.
EBITDA grew 24% YoY to ₹7,921 crore, with an industry-leading EBITDA margin of 91.5%.
Cash profit for nine months was ₹3,906 crore, up 7% YoY; net profit for nine months was ₹1,473 crore.
Projected run-rate EBITDA for FY26 is ₹17,000 crore, including ₹1,000 crore other income; power supply EBITDA is ₹16,000 crore.
Merchant realization for solar was ₹2.20/unit (down from ₹2.82/unit YoY); wind was ₹3.5/unit (down from ₹4.15/unit YoY).
Outlook and guidance
Targeting 50 GW renewable capacity by 2030, with 30 GW at Khavda by 2029 and plans to add another 10 GW in the next year.
CapEx for next year expected at ₹35,000–₹40,000 crore, higher than the current year.
Revenue for next year projected at ₹17,000–₹18,000 crore, with EBITDA margin expected to remain around 92%.
Battery storage capacity of 3.5 GWh to be commissioned this year, with plans to more than double next year.
Focus on expanding merchant, C&I, CFD, and mid-duration hybrid opportunities for higher returns and stable cash flows.
Auditor's view on US DOJ/SEC indictment?
Reason for project write-offs in 9M FY26?
Strategic use of warrant proceeds?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Adani Green Energy earnings date
Q4 25/2627 Apr, 2026
Adani Green Energy
Next Adani Green Energy earnings date
Q4 25/2627 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Adani Green Energy Limited (AGEL) is a renewable energy company based in India, part of the larger Adani Group conglomerate. AGEL is developing, building, and operating renewable power generation projects, with a significant focus on solar and wind energy. The company has a substantial renewable energy portfolio, including a range of solar, wind, and hybrid power projects spread across various states in India. The company is headquartered in Ahmedabad, India, and its shares are listed on the Bombay Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage