Adani Green Energy posts a consolidated net profit of ₹644 crore in Q2 FY26, representing a 25% year-on-year growth from ₹515 crore in the same quarter last fiscal. The company's operations revenue was ₹3,008 crore, which was relatively flat to ₹3,005 crore in Q2 FY25, reflecting steady business momentum.
The firm’s revenue from power supply, a major contributor to overall earnings, rose 20% YoY to ₹2,776 crore. Operational capacity increased by 49% year-on-year to 16.7 GW, maintaining Adani Green’s position as India’s largest renewable energy operator. The company added 2.4 GW of renewable capacity in the first half of FY26 and is on track to achieve its target of 5 GW capacity addition in FY26.
CEO Ashish Khanna highlighted development on the company's biggest current 30 GW renewable energy project at Khavda in Gujarat. Adani Green continues to implement advanced renewable technologies and digital solutions to enhance operational efficiency and project execution. Its robust plant performance and addition of new capacities in resource-rich locations drive revenues and EBITDA expansion.
EBITDA grew 17% YoY to ₹2,603 crore as margins strengthened to 86.5% from 73.8% in the previous year. Enhanced operational efficiencies and benefitting power purchase arrangements enabled maintaining the robust cash flow generation.
Experts interpret Adani Green's Q2 performance as positive, identifying the consistent capacity growth and solid cash flows of the company as being pivotal drivers of future growth potential. Analysts draw attention to the company's leadership in India's transition towards renewable energy and the solid project pipeline. After announcing results, the stock saw mixed reactions close the session marginally lower in spite of the earnings beat, which reflects general market sentiments.
Adani Green Energy's Q2 FY26 performance reflects sound profit growth underpinned by consistent revenues from power supply and major capacity additions. The company's commitment to technological innovation and robust operational metrics set it up well to drive its long-term renewable capacity ambitions and maintain leadership in India's energy transition.
