Adani Green Energy Reports 25% Rise in Q2 Net Profit to Rs.644 Crore

Adani Green Energy Q2 Results: Net Profit Surges 25% to ₹644 Crore on Strong Capacity Growth

Adani Green Energy Limited (AGEL), India’s largest renewable energy company, reported a consolidated net profit of ₹644 crore for the second quarter ended September 2025 (Q2 FY26), marking a 25% year-on-year (YoY) increase from ₹515 crore in the same period last year. The growth underscores the company’s continued expansion in renewable capacity and efficient project execution despite muted topline growth.

Revenue Remains Steady Amid Capacity Expansion

The company’s revenue from operations stood at ₹3,008 crore in Q2 FY26, a marginal increase from ₹3,005 crore reported in the corresponding quarter of FY25. Total expenses during the quarter rose modestly by 0.6% YoY to ₹2,874 crore, reflecting disciplined cost management even as Adani Green accelerated project development.

For the first half of FY26 (April–September), AGEL reported strong financial performance with revenue up 26% YoY to ₹6,088 crore and EBITDA surging 25% to ₹5,651 crore. The company said it achieved an industry-leading EBITDA margin of 91.8%, underscoring its operational efficiency and high-quality asset base.

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Robust Profitability Driven by Capacity Additions and Efficiency Gains

Adani Green attributed the quarter’s strong performance to the successful commissioning of new projects and the strategic addition of renewable energy capacity. During the quarter, the company added 5.5 gigawatts (GW) of greenfield capacity, enhancing its generation potential across key renewable energy zones in Khavda, Gujarat, and Rajasthan.

The firm’s management highlighted that the deployment of advanced renewable energy (RE) technologies, strong plant load factors, and optimal resource site selection have boosted overall performance and profitability.

“Adani Green Energy continues to lead India’s renewable energy transformation through large-scale project execution, advanced technology adoption, and operational excellence. The recent commissioning of high-yielding sites in Khavda and Rajasthan has significantly strengthened our generation portfolio,” the company said in a filing.

EBITDA Margin Remains Among Industry’s Best

A key highlight of Adani Green Energy’s Q2 FY26 results is its EBITDA margin of 91.8%, one of the highest in the global renewable energy sector. The strong margin reflects steady cash flows from long-term power purchase agreements (PPAs), better plant utilization rates, and a diversified project mix.

According to analysts, the company’s continued focus on high-quality asset creation and efficient project management has kept profitability resilient even amid a slower increase in revenues.

Focus on Renewable Expansion and Sustainability Goals

Adani Green Energy remains committed to scaling up its renewable capacity in line with India’s clean energy targets. The company’s current operational capacity stands above 12.5 GW, with a total portfolio exceeding 20 GW under various stages of development.

AGEL’s massive renewable project in Khavda, touted as the world’s largest single-location renewable energy park, continues to be a key growth driver. Once fully operational, the Khavda project is expected to generate over 20 GW of clean energy, significantly contributing to India’s goal of achieving 500 GW of non-fossil fuel-based capacity by 2030.

Adani Green’s Role in India’s Energy Transition

Adani Green’s performance comes at a time when India is rapidly advancing its renewable energy ambitions. The company plays a crucial role in helping the country reduce its carbon footprint and meet its net-zero emission targets by 2070.

With its robust project pipeline, technological innovation, and efficient execution, Adani Green Energy has emerged as a key player not just in India’s domestic renewable market but also in the global clean energy landscape.

Industry experts believe the company’s focus on expanding its solar and wind hybrid projects, coupled with grid-scale storage initiatives, positions it well for sustained long-term growth.

Market Outlook: Analysts Expect Steady Growth Ahead

Despite a modest revenue rise in Q2, analysts maintain a positive outlook on Adani Green’s financial trajectory. The company’s strong profitability, consistent capacity addition, and disciplined cost control are expected to drive earnings growth in the coming quarters.

“Adani Green Energy’s operational discipline and industry-leading margins are noteworthy. The next few quarters will likely see accelerated generation from recently commissioned projects, translating into higher revenues and stable profitability,” said an energy sector analyst.

At 12:30 p.m. on October 28, shares of Adani Green Energy were trading marginally higher at ₹1,809 apiece on the NSE, reflecting positive investor sentiment following the earnings announcement.

Outlook: Sustainable Growth Backed by Strong Execution

Looking ahead, Adani Green Energy aims to sustain its growth momentum through capacity expansion, improved asset utilization, and continued innovation in renewable technologies. The company remains on track to achieve its ambitious 45 GW renewable energy capacity target by 2030, reaffirming its position as a global leader in sustainable energy.

With increasing investor focus on green assets and India’s push for renewable infrastructure, Adani Green Energy is well-placed to capture emerging opportunities in solar, wind, and hybrid energy projects across the country.

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