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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.