Adani Green Energy Q2 FY27 Results: 45% Revenue Growth
Earnings & Results
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21st Oct 2026
Key Financial Figures - Standalone (₹ in Crores)
Quarterly Performance (Q2 FY27)
- Total Income: ₹8,181 (vs ₹4,198 in Q2 FY25)
- Revenue from Operations:
- Power Supply: ₹4 (vs ₹3 in Q2 FY25)
- Sale of Goods/Equipments: ₹7,841 (vs ₹3,788 in Q2 FY25)
- Others: ₹45 (vs ₹156 in Q2 FY25)
- Other Income: ₹291 (vs ₹251 in Q2 FY25)
- Profit Before Tax: ₹22 (vs ₹331 in Q2 FY25)
- Profit After Tax: ₹33 (vs ₹475 in Q2 FY25)
- EPS: ₹0.20 (vs ₹2.92 in Q2 FY25)
Half-Yearly Performance (H1 FY27)
- Total Income: ₹14,653 (vs ₹9,220 in H1 FY25)
- Profit Before Tax: ₹(64) (vs ₹367 in H1 FY25)
- Profit After Tax: ₹(18) (vs ₹509 in H1 FY25)
- EPS: ₹(0.11) (vs ₹3.03 in H1 FY25)
Key Financial Figures - Consolidated (₹ in Crores)
Quarterly Performance (Q2 FY27)
- Total Income: ₹4,520 (vs ₹3,249 in Q2 FY25)
- Revenue from Operations:
- Power Supply: ₹4,019 (vs ₹2,776 in Q2 FY25) - 45% YoY growth
- Sale of Goods/Equipments: ₹104 (vs ₹48 in Q2 FY25)
- Others: ₹135 (vs ₹184 in Q2 FY25)
- Other Income: ₹262 (vs ₹241 in Q2 FY25)
- Profit Before Tax: ₹856 (vs ₹292 in Q2 FY25)
- Profit After Tax: ₹747 (vs ₹644 in Q2 FY25)
- EPS: ₹4.00 (vs ₹3.44 in Q2 FY25)
Half-Yearly Performance (H1 FY27)
- Total Income: ₹9,183 (vs ₹7,255 in H1 FY25)
- Profit Before Tax: ₹2,044 (vs ₹1,231 in H1 FY25)
- Profit After Tax: ₹1,730 (vs ₹1,468 in H1 FY25)
- EPS: ₹9.05 (vs ₹7.70 in H1 FY25)
Operational Highlights
- Energy Sales: 25,747 million units in H1 FY27, representing 32% YoY growth
- Operational Capacity: 20.8 GW as of September 30, 2026, representing 24% YoY growth
- Capacity Additions: 4,083 MW greenfield capacity added YoY:
- 2,957 MW solar capacity (2,568 MW in Khavda, Gujarat and 389 MW in Rajasthan)
- 805 MW wind capacity (666 MW in Khavda and 139 MW in Mundra)
- 321 MW solar-wind hybrid capacity in Khavda
Battery Energy Storage System (BESS) Milestone
- Added 3.08 GWh of BESS capacity in Q2 FY27
- Cumulative BESS capacity reached 6.63 GWh, representing more than 50% of India's operational BESS capacity
- World's largest single-location battery storage installation at Khavda
Khavda Renewable Energy Plant Development
- World's largest 30 GW renewable energy plant under development
- Operational capacity in Khavda increased to 10.8 GW from 7.1 GW a year ago
- Project spread over 538 sq km area
- Target to achieve 30 GW RE capacity in Khavda by 2029
Capital Expenditure
- Capex of ₹17,160 crore in H1 FY27, representing 38% YoY increase
- Net debt to run-rate EBITDA stands at 5.6x
Exceptional Items
- Standalone: Impairment provision of ₹202 Crores during previous year ended March 31, 2026, including ₹37 Crores during H1 FY25
- Consolidated: One-time expense of ₹2 Crores pertaining to unamortised borrowing cost and prepayment charges on refinancing/repayment of borrowings
Corporate Governance
- Board meeting held on October 21, 2026 (12:30 p.m. to 02:00 p.m.)
- Results approved by Board of Directors and reviewed by Audit Committee
- Results uploaded on company website: www.adanigreenenergy.com
Legal Matters Update
- US DOJ indictment and US SEC civil complaint against directors concluded with no further proceedings
- EDNY entered final judgement on August 10, 2026 in civil complaint
- All charges dropped by EDNY with prejudice
- No adjustments required in financial results
ESG Recognition
- Largest Project of the Year Award at India Energy Storage Week 2026
- Ranked among Top 10 companies globally in ESG evaluation
- Ranked #1 in Utility sector by NSE Sustainability Ratings
- Ranked #1 globally in alternative electricity subsector by FTSE Russell
- Clean Power Generation Award at Reuters Energy Industry Awards 2026
- CareEdge-ESG 1+ Rating with score of 87.3
- Ranked #1 in Power Generation sector by CRISIL for fifth consecutive year
Subsidiary Information
- Consolidated results include 38 subsidiaries reviewed by joint auditors
- 65 subsidiaries reviewed by respective independent auditors
- 79 subsidiaries with unaudited financial information
- 1 joint venture and 2 associate companies included