Adani Green Energy (ADANIGREEN) Q1 25/26 earnings summary

Executive summary

• Operational renewable capacity rose 45% year-over-year to 15.8 GW, with 1.6 GW added in Q1 FY26 and 4.9 GW in the past year.

• Energy sales increased 42% year-over-year to 10,479 million units, surpassing previous annual records.

• Progressed on the world's largest 30 GW renewable plant at Khavda, with 5.6 GW operational as of June 2025.

• Achieved industry-leading EBITDA margin of 92.8% and received top global ESG scores and awards.

• Maintained the largest operational renewable energy capacity in India, with projects across 12 states.

Financial highlights

• Revenue from power supply increased 31% year-over-year to ₹3,312 crore in Q1 FY26.

• EBITDA rose 31% year-over-year to ₹3,108 crore, with a margin of 92.8%.

• Cash profit surged 25% year-over-year to ₹1,744 crore.

• Consolidated net profit for Q1 FY26 was ₹824 crore, up from ₹629 crore in Q1 FY25.

• Energy sales grew 42% year-over-year to 10.5 billion units.

Outlook and guidance

• On track to add 5 GW capacity in FY26 and targeting 50 GW renewable energy capacity by FY30.

• Focus on battery and hydro storage, with 5 GW hydro pumped storage and battery storage planned by 2030.

• Conservative solar CUF guidance at 28%, with potential upside as Khavda's share increases.

• Funding for growth fully tied up, including promoter share warrants and non-fund-based credit lines.

• 25% of future capacity targeted for C&I and data center markets by FY30.