Adani Green Energy reported a steep decline in its net profit for the third quarter of FY26, highlighting a challenging quarter for the company. The consolidated net profit stood at ₹5 crore, marking a dramatic 99% drop from ₹474 crore in the same quarter last year. Despite this, the company’s revenue continued to grow steadily.
Market Performance Snapshot
- Revenue from operations: ₹2,618 crore in Q3 FY26 (up 12% YoY from ₹2,340 crore).
- Revenue from power supply: ₹2,420 crore (up 21% YoY).
- EBITDA for power segment: ₹2,269 crore (23% YoY growth).
- Net loss for December quarter: ₹41 crore, compared with profit of ₹492 crore in Q3 FY25 and ₹583 crore in the previous quarter.
- Total income: ₹2,837 crore, up 8% YoY.
While revenue growth remains strong, the sharp fall in profitability shows the volatility the company faced this quarter.
Key Drivers Behind Revenue Growth
The increase in revenue and EBITDA is largely due to strategic expansions and operational excellence:
- 5.6 GW greenfield capacity addition during FY26.
- Deployment of advanced renewable energy technology.
- Strong plant performance across operations.
- Commissioning of new capacities in Khavda (Gujarat) and Rajasthan.
These factors have helped Adani Green strengthen its revenue base and operational scale.
Operational Capacity and Major Projects
- Current operational capacity: 17.2 GW, on track toward the 50 GW target.
- Khavda project: Recognized as one of the largest renewable energy installations globally.
- Battery energy storage initiative: Expected to be one of the largest single-location projects worldwide.
- Hydro pumped storage project: Progressing on the Chitravathi River in Andhra Pradesh.
In the first nine months of FY26, the company generated over 27 billion units of clean energy, enough to power a country the size of Azerbaijan for a year.
Technology and Efficiency in Operations
Adani Green has integrated AI and machine learning into its operations and maintenance (O&M) in partnership with Adani Infra Management Services (AIMSL):
- Generation of electricity consistently exceeds PPA commitments.
- In 9MFY26, electricity production under PPAs reached 79% of annual commitment.
This focus on technology ensures efficiency and supports reliable energy generation.
Adani Green Share Price Today
Following the Q3 announcement and regulatory developments involving the SEC, shares of Adani Green dropped over 14%:
- Intraday high: ₹906.60
- Intraday low: ₹768.75
This price movement reflects market volatility and investor caution during the quarter.
Summary
Adani Green’s Q3 FY26 results show a mixed performance. Revenue growth remains robust, supported by capacity expansions and operational improvements, yet net profitability has sharply fallen. Despite the short-term dip, the company’s long-term growth strategy, backed by technological adoption and major project developments, remains firmly on track.
Source: Livemint
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