Adani Green Energy Reports 99% Profit Decline Amid Revenue Growth and Expansion Plans
Adani Green Energy Ltd (AGEL) reported a staggering 99% decline in consolidated net profit to ₹5 crore for Q3 FY26, despite a 7.6% rise in total income to ₹2,837 crore, driven by a 21% increase in power supply revenue. The company's expenses surged significantly, leading to a 14.63% drop in shares following the announcement, while ongoing projects and greenfield capacity additions contributed to a 24% year-on-year increase in EBITDA to ₹7,921 crore.
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Adani Green Energy Ltd (AGEL) reported a 99% year-on-year decline in consolidated net profit to ₹5 crore for Q3 FY26, despite a 7.6% increase in total income to ₹2,837 crore. The company's expenses rose significantly from ₹2,329 crore to ₹2,961 crore.
Revenue from power supply grew by 21%, supported by the addition of 5.6 GW of renewable capacity in 2026, which represents nearly 14% of India's total solar and wind capacity additions. CEO Ashish Khanna highlighted ongoing projects, including the Khavda project and large-scale battery energy storage initiatives.
AGEL's shares dropped 14.63% following the profit announcement and potential regulatory issues in the US. EBITDA increased 24% year-on-year to ₹7,921 crore, driven by greenfield capacity additions and strong operational performance.
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