Adani Green posts Rs 983 crore profit in Q1 as capacity crosses 20 GW
Adani Green Energy Limited (AGEL) reported a profit of Rs 983 crore for the quarter ended June 30, 2026, supported by capacity additions and higher energy sales across its renewable portfolio.
The company reported total income of Rs 4,663 crore during Q1 FY27, compared with Rs 3,727 crore in the preceding quarter and Rs 4,006 crore in the corresponding quarter of the previous year. This represents growth of 25.11% quarter-on-quarter and 16.40% year-on-year.
Profit for the quarter increased sharply from Rs 514 crore in Q4 FY26, reflecting sequential growth of 91.25%. On a year-on-year basis, profit rose 19.30% from Rs 824 crore reported in Q1 FY26.
Capacity expansion
AGEL’s operational capacity increased by 27% year-on-year to 20,142 MW, driven primarily by greenfield project additions.
Over the past 12 months, the company commissioned 4,327 MW of new capacity, including 848 MW added during the June quarter. The additions comprised 3,051 MW of solar capacity, including 2,662 MW at Khavda in Gujarat and 389 MW in Rajasthan, 684 MW of wind capacity at Khavda, and 592 MW of solar-wind hybrid projects, also located at Khavda.
The latest additions keep the company on track toward its stated target of achieving 50 GW of renewable capacity.
Battery storage
Battery Energy Storage Systems (BESS) continued to emerge as a significant part of AGEL’s growth strategy.
During Q1 FY27, the company commissioned 1,972 MWh of BESS capacity at Khavda, taking its cumulative installed storage capacity to 3,551 MWh.
AGEL stated that it remains on course to exceed 10,000 MWh of installed BESS capacity by the end of FY27 and continues to pursue its longer-term target of 50,000 MWh by 2030.
Operational performance
Energy sales during the quarter increased by 30% year-on-year to 13,657 million units, supported by recently commissioned capacity and continued plant performance across the portfolio.
The company attributed its operational performance to the use of digital monitoring and centralised operations. According to AGEL, its Energy Network Operation Center provides real-time monitoring of renewable energy assets across the country, contributing to higher plant availability and lower operations and maintenance costs.
The company reported an EBITDA margin of 94% during the quarter.
The June quarter results indicate continued momentum in AGEL’s expansion programme, particularly at Khavda, which has emerged as the company’s largest renewable energy development hub encompassing solar, wind, hybrid and battery storage assets.
