Adani Green Energy Reports 28% Profit Growth with Expanding Renewable Portfolio and Record Energy Sales

Energy sales rose by 39% year-on-year to 19,569 million units from 14,128 million units a year ago

New Delhi:

Adani Green Energy Ltd (AGEL) reported a 28 percent increase in consolidated net profit for the September quarter, reaching Rs 644 crore compared to Rs 515 crore in the same period last year, driven by strong performance in its renewable power operations.

The company's revenue from power supply increased to Rs 2,776 crore from Rs 2,308 crore in the second quarter of the previous year, according to an exchange filing by the Adani Group entity.

While total income decreased to Rs 3,249 crore from Rs 3,396 crore in the corresponding quarter of last year, total expenses remained relatively stable at Rs 2,874 crore compared to Rs 2,857 crore in Q2 FY25.

Ashish Khanna, CEO of Adani Green Energy, stated, "We are making steady progress in our largest ongoing development of 30 GW RE plant at Khavda in Gujarat. We are consistently adopting innovative renewable technologies and digitalizing ever more aspects of our business to boost operational efficiency, project execution and safety."

As of September 30, the company's operational capacity expanded by 49 percent to 16.7 GW, putting AGEL on track to achieve its ambitious 50 GW target.

The company reported a significant 39 percent year-on-year increase in energy sales, which rose to 19,569 million units from 14,128 million units a year ago, generated from hybrid, wind, and solar sources.

AGEL added 2,437 MW of greenfield capacity in H1 FY26, representing 74 percent of the capacity addition achieved in the entire FY25.

The company stated, "With robust manpower deployment, localized supply chain, and advanced technologies like robotic solar module installation, AGEL is on track to achieve 30 GW RE capacity in Khavda by 2029, setting a global benchmark for the speed of execution at such a large scale."

Over the past year, greenfield additions totaled 5,496 MW, comprising 4,200 MW of solar capacity (2,900 MW in Khavda, Gujarat, 1,050 MW in Rajasthan, and 250 MW in Andhra Pradesh), 491 MW wind capacity in Khavda, and 805 MW of solar-wind hybrid capacity in Khavda.

Adani Green Energy Ltd develops, owns, and operates utility-scale grid-connected solar, wind, hybrid and energy storage solutions. It currently maintains India's largest operating renewable portfolio exceeding 16.7 GW, distributed across 12 states.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)