Owing to rise in interest costs and depreciation charges, Adani Green Energy posted a Rs 41 crore loss in third quarter of FY26 as compared to Rs 492 crore profit in Q3FY,25. The company’s total expenses went up 27% to Rs 2961 crore in Q3FY, 26. This is loss attributable to equity holders of the parent.
Scaling Pains
No analyst estimates are available for the company. The revenue from operations went up 12% to Rs 2618 crore in Q3FY26 as compared to Re 2340 crore in Q3FY25.
It’s finance costs went up36% to Rs 1698 crore in Q3FY,26 as compared Rs 1251 crore in Q3FY,25. Depreciation charges went up 43% Rs 886 crore in Q3FY, 26 as compared to Rs 618 crore
Operational Surge
Ashish Khanna, CEO of Adani Green Energy, said. “In calendar year 2026, Adani Green Energy has continued its exceptional growth trajectory, adding 5.6 GW of renewable energy capacity—representing nearly 14% of all new solar and wind capacity installed across the country,” he said.
In the first nine months of this financial year, the company has generated more than 27 billion units of clean electricity—enough to power a nation the size of Azerbaijan for an entire year, he added.
The company said its operational capacity expanded by 48% YoY to 17.2 GW, putting it on track to achieve 50 GW target.
AGEL added 2,995 MW greenfield capacity in 9M FY26, which is over 90% of capacity addition in entire FY25. The greenfield additions over the last one year were 5,630 MW which included 4,187 MW of solar capacity (3,137 MW in Khavda, Gujarat, 800 MW in Rajasthan and 250 MW in Andhra Pradesh); 462 MW wind capacity in Khavda and 981 MW of solar-wind hybrid capacity in Khavda, it said.