Adani Green Q4 profit rises 34% to ₹514 crore; margins expand

Adani Green Energy Ltd reported a 34.2% year-on-year rise in net profit to ₹514 crore for the March quarter, supported by steady revenue growth and improved operating performance.

Revenue from operations rose 14% YoY to ₹3,502 crore, while EBITDA increased 20% to ₹2,882 crore.

The company’s EBITDA margin expanded to 82.3%, compared with 78.2% in the year-ago period.

Scale, execution drive performance

The company attributed its performance to strong capacity addition and operational efficiency, with FY26 seeing a 5.1 GW capacity addition, taking total operational capacity to 19.3 GW.

Adani Green said this was “the highest greenfield annual capacity expansion globally by any company, excluding China”, highlighting the pace of execution.

Power generation also remained robust, with sale of energy rising 34% YoY to 37,567 million units, driven by higher capacity and strong plant availability.

Margins supported by operational excellence

The company said it continues to maintain “industry-leading EBITDA margins driven by best-in-class O&M through ENOC, enabling higher electricity generation at lower operating cost.”

Adani Green highlighted that its Energy Network Operations Centre (ENOC) and AI-driven asset management systems enabled higher generation and lower operating costs, driving profitability.

For FY26, EBITDA from power supply rose 23% YoY to ₹10,865 crore, with margins remaining above 90% at the portfolio level.

Aggressive growth pipeline intact

The company reiterated its long-term growth trajectory, targeting 50 GW of renewable capacity by 2030, backed by secured land, transmission connectivity and project pipeline.

It also highlighted large-scale developments such as the Khavda renewable energy project, positioned as one of the world’s largest single-location renewable clusters.

Adani Green’s net debt increased to ₹91,252 crore as of March 2026, reflecting ongoing investments in capacity expansion.

The company said it continues to focus on long-term capital deployment and diversified funding sources to support its growth plans.

The shares of Adani Green have risen nearly 27% during the past year, outperforming the Nifty 100 index that has remained almost flat during the period.