Adani Green Energy shares rally 14%: Here are key things to know from Q2 earnings

Adani Green Energy (AGEL) reported a 25.05% year-on-year rise in consolidated net profit to ₹644 crore for the July–September quarter of FY26, compared with ₹515 crore in the same period last year.

At 11:30 PM, the stock was trading at ₹1,142.40 apiece on the NSE, up 13.76%.

Here are key things to know from Q2 earnings

1. The Adani group firm’s total income dropped 4.3% year-on-year (YoY) to ₹3,249 crore in Q2 FY26 in contrast to ₹3,996 crore in the corresponding quarter of the previous financial year.

2. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹2,844 crore for the quarter under review as against ₹2,608 crore in Q2 FY25, marking a rise of 9%. Margin expanded to 87.5% in the reporting quarter as compared to 76.8% YoY.

3. The company’s revenue from power supply increased to ₹2,776 crore in the second quarter, up from ₹2,308 crore in the same period last year.

4. As of September 30, Adani Green said its operational capacity expanded by 49% to 16.7 GW, on track to achieve the 50 GW target. Energy sales rose by 39% year-on-year to 19,569 million units from 14,128 million units a year ago, from hybrid, wind and solar.

5. AGEL added 2,437 MW of greenfield capacity in H1 FY26, which is 74% of the capacity addition in the entire FY25. Over the past year, the company added 5,496 MW of greenfield capacity, comprising 4,200 MW of solar power (2,900 MW in Khavda, Gujarat; 1,050 MW in Rajasthan; and 250 MW in Andhra Pradesh), 491 MW of wind power in Khavda, and 805 MW of solar–wind hybrid capacity, also in Khavda.

Management commentary

In a statement, the company said its strong growth in revenue, EBITDA, and cash profit was driven by the addition of 5.5 GW of greenfield capacity, deployment of advanced renewable energy technologies, robust plant performance, and the commissioning of new projects in resource-rich regions of Khavda, Gujarat, and Rajasthan.

“Having already added 2.4 GW RE capacity in H1 FY26, we're on a firm path to 5 GW capacity addition in FY26 and reaching our targeted capacity of 50 GW by 2030. With relentless efforts by our team, we are making steady progress in our largest ongoing development of a 30 GW RE plant at Khavda in Gujarat,” said Ashish Khanna, CEO of Adani Green Energy.

“For the half year ended September 2025, our operational capacity stands at 16.7 GW and continues to be the largest in India. We produced 19.6 billion units of clean power—enough to supply a country like Croatia for an entire year. We’re consistently adopting innovative renewable technologies and digitalising ever more aspects of our business to boost operational efficiency, project execution and safety,” Khanna further added.

Adani Green Energy Ltd develops, owns, and operates utility-scale grid-connected solar, wind, hybrid, and energy storage solutions. It currently has an operating renewable portfolio of over 16.7 GW, the largest in India, spread across 12 states.