Adani Green Energy (AGEL) posted a 60% jump in net profit at Rs 713 crore in Q1FY26 as compared to Rs 446 crore in Q1FY25. Analyst estimates were not available for the company’s earnings.
Its total revenue from operations jumped 36% to Rs 3,800 crore in Q1FY26 as compared to Rs 2,794 crore in Q1FY25. The firm’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) also went up 28% to Rs 3,042 crore in Q1FY26 as compared to Rs 2,379 crore in Q1FY26.
Greenfield capacity additions
“During Q1 FY26, AGEL added 1.6 GW of greenfield renewable energy (RE) capacity, bringing total increase to 4.9 GW over the past year “which is unmatched in India’s energy transition,” Ashish Khanna, CEO of AGEL said. As of Q1, the company’s total renewable energy capacity stood at 15.8 GW.
“Our investments in the massive renewable energy development at Khavda in Gujarat as well as other resource-rich sites are delivering results both in terms of superior operational performance and industry-best Ebitda margins,” Khanna added.
On track for 2030 goal
AGEL is on track to achieve its 2030 target of 50 GW RE capacity with at least 5 GW of hydro pumped storage along with battery storage, he said.
Further, battery storage is also a key part of its future strategy, adds Khanna.
The greenfield additions over the last one year included 3.7 GW of solar capacity including 2.46GW in Khavda, 1.05 GW in Rajasthan and 250 MW in Andhra Pradesh; 585 MW wind capacity in Khavda and also a 534 MW of solar-wind hybrid capacity in Khavda.