Q2 EBITDA of Rs 3,835 crore registered strong growth of 51% YoY
Operational capacity of 20.8 GW in H1FY27 represents capacity addition growth of 24% YoY further strengthening our leadership position in the sector
With 3.08 GWh2 of BESS capacity addition in Q2, the cumulative BESS capacity of 6.63 GWh2 accounts for more than 50% of India’s operational BESS capacity
Ahmedabad, 21 October 2026: Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending 30 September 2026, showcasing operational and financial performance.
FINANCIAL PERFORMANCE – Q2 and H1 FY27: (Rs. in crore)
| Particulars | QoQ Performance | Half Yearly Performance | ||||
|---|---|---|---|---|---|---|
| Q2 FY26 | Q2 FY27 | % change | H1 FY26 | H1 FY27 | % change | |
| Revenue from Power Supply | 2,776 | 4,019 | 45% | 6,088 | 8,299 | 36% |
| EBITDA from Power Supply 1 | 2,543 | 3,835 | 51% | 5,651 | 7,957 | 41% |
| EBITDA margin (%) | 90.5% | 92.0% | 91.8% | 92.9% | ||
| Cash Profit 3 | 1,348 | 1,951 | 45% | 3,094 | 4,176 | 35% |
1. EBITDA from Power Supply = Revenue from Power Supply + Carbon credit income (part of Other Operating Income) + prompt payment discount - Employee Benefit Expenses – Other Expenses excluding loss on sale of assets and such one-off expenses
2. Battery storage capacity on installed basis
3. Cash Profit = PAT + Depreciation + Deferred Tax + Exceptional Items
MUs: million units
Mr. Ashish Khanna, CEO, Adani Green Energy, stated: “As India’s largest renewable energy company, we take pride in driving the sector’s momentum. This is reflected in our strong execution in H1 FY27, with our operational renewable energy portfolio growing 24% year-on-year to 20.8 GW and energy sales increasing 32%, supporting robust operating performance across our solar, wind and hybrid assets.
Performance during the quarter was equally strong with energy sales increasing 33% year-on-year and revenue from power supply increasing 45% year-on-year to Rs. 4,019 crore while EBITDA from power supply grew 51% YoY.
We also achieved a significant milestone in energy storage, expanding our operational BESS capacity at Khavda to 6.63 GWh—the world’s largest single-location battery storage installation. This makes AGEL India’s largest BESS operator, accounting for more than half of the country’s operational capacity. We remain focused on scaling up storage deployment while closely monitoring the availability of transmission infrastructure.”
CAPACITY ADDITION & OPERATIONAL PERFORMANCE – H1 FY27:
AGEL added 4,083 MW greenfield capacity on YoY basis including 2,957 MW of 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) and 321 MW of solar-wind hybrid capacity in Khavda
DEVELOPMENT OF THE WORLD’S LARGEST RE PLANT AT KHAVDA:
4. This includes 10,002 MW RE capacity that is AGEL’s generation capacity, and remaining 750 MW capacity set up for other Adani group companies.
ESG LEADERSHIP:
About Adani Green Energy Limited
Adani Green Energy Ltd. (AGEL) is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. AGEL develops, owns, and operates utility-scale, grid-connected solar, wind, hybrid, and energy storage solutions. AGEL currently has an operating renewable portfolio of 20.8 GW and 6.63 GWh of battery energy storage, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW of capacity including 5 GW of pump storage by 2030 and 50 GWh battery energy storage in the next five year, aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling large-scale adoption of affordable clean energy. AGEL is developing the world’s largest renewable energy plant (30 GW) on barren land at Khavda, Gujarat, covering 538 square kilometers, an area five times larger than Paris. AGEL’s operating portfolio is certified as water positive, single-use plastic free and zero waste-to-landfill, a testament to the company’s commitment to power sustainable growth.
For more information, visit: www.adanigreenenergy.com
| Media Contact: | Investor Relations Contact: |
|---|---|
| Roy Paul | Vijil Jain |
| Adani Group | Head of IR, Adani Green Energy Ltd. |
| roy.paul@adani.com | vijil.jain@adani.com |
Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this release. Certain statements made in this release may be "forward-looking statements" based on currently held beliefs and assumptions of the management of Adani Energy Solutions Limited, which may involve known and unknown risks and uncertainties that may cause actual results to differ materially from projected results. This release is for general information purposes only and does not constitute an offer or invitation to purchase or subscribe for any securities. Past performance is not necessarily indicative of future results. The company disclaims any obligation to update forward-looking statements to reflect future events or developments.
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