Adani Green Energy Reports Spectacular Q1 FY27 Results: Net Profit Surges 19.3% YoY to ₹983 Crore as Operational Capacity Hits 20.1 GW

Adani Green Energy Limited (AGEL; CIN: L40106GJ2015PLC082007) has announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). India's largest and fastest-growing pure-play renewable energy producer delivered a landmark quarter, driven by robust capacity additions at its gigawatt-scale developments, rapid deployment of battery storage systems, and industry-leading operational margins.

Executive Financial Summary

(All financial figures are in ₹ Crore, converted where appropriate, as reported in the official financial statements)

Revenue from Operations: Reached ₹4,431 crore in Q1 FY27 across segments, representing a strong expansion compared to ₹3,502 crore in Q4 FY26 and ₹3,800 crore in Q1 FY26. Revenue specifically from power supply jumped 29.23% YoY to ₹4,280 crore (vs. ₹3,312 crore in Q1 FY26 and ₹3,094 crore in Q4 FY26).

Total Income: Advanced 16.40% YoY to ₹4,663 crore in Q1 FY27, compared to ₹4,006 crore in Q1 FY26 and ₹3,727 crore in Q4 FY26 (+25.11% QoQ).

EBITDA from Power Supply: Surged 33% YoY to reach its highest-ever quarterly level of ₹4,122 crore, achieving an industry-leading EBITDA margin of 94%.

Profit Before Tax (PBT): Expanded 26.52% YoY to ₹1,188 crore in Q1 FY27 (after accounting for exceptional items of ₹-2 crore), compared to ₹939 crore in Q1 FY26 and ₹488 crore in Q4 FY26 (+143.44% QoQ).

Tax Expenses: Stood at ₹214 crore in Q1 FY27 (primarily deferred tax charge), compared to ₹138 crore in Q1 FY26.

Net Profit (PAT): Surged 19.30% YoY to ₹983 crore in Q1 FY27 (including ₹58 crore share of profit from associate and joint venture), compared to ₹824 crore in Q1 FY26. Sequentially, net profit expanded 91.25% QoQ over ₹514 crore reported in Q4 FY26.

Profit Attributable to Equity Holders of Parent: Rose 18.51% YoY to ₹845 crore in Q1 FY27, up from ₹713 crore in Q1 FY26 and ₹397 crore in Q4 FY26.

Cash Profit: Increased 28% YoY to ₹2,225 crore for the quarter.

Total Comprehensive Income: Stood at ₹918 crore in Q1 FY27, up from ₹797 crore in Q1 FY26 and ₹602 crore in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter rose to ₹5.05 per share (face value ₹10/- each), compared to ₹4.26 in Q1 FY26 and ₹2.33 in Q4 FY26.

Operating Expenditure & Cost Structure

Total Expenses: Stood at ₹3,473 crore in Q1 FY27, compared to ₹3,050 crore in Q1 FY26 (+13.87% YoY) and ₹3,131 crore in Q4 FY26 (+10.92% QoQ).

Finance Costs (Net): Increased to ₹2,001 crore in Q1 FY27 compared to ₹1,525 crore in Q1 FY26 and ₹1,626 crore in Q4 FY26, reflecting capital deployment for ongoing capacity build-outs.

Depreciation & Amortization: Stood at ₹1,026 crore in Q1 FY27 (vs. ₹767 crore in Q1 FY26 and ₹885 crore in Q4 FY26).

Other Expenses (Net): Came in at ₹389 crore (vs. ₹304 crore in Q1 FY26 and ₹359 crore in Q4 FY26).

Cost of Equipments / Goods Sold: Stood at ₹35 crore (vs. ₹421 crore in Q1 FY26).

Employee Benefits Expense (Net): Accounted for ₹22 crore in Q1 FY27 (vs. ₹33 crore in Q1 FY26).

Operational Milestones & Capacity Expansion

Operational Portfolio Crosses 20 GW: AGEL's operational capacity grew by 27% YoY to reach 20,142 MW (20.1 GW) in Q1 FY27 compared to 15,815 MW (15.8 GW) in Q1 FY26. Greenfield additions over the past year totaled 4,327 MW, with 848 MW commissioned during Q1 FY27 alone.

Breakdown of Greenfield Additions (YoY): Included 3,051 MW of solar capacity (2,662 MW in Khavda, Gujarat and 389 MW in Rajasthan), 684 MW of wind capacity in Khavda, and 592 MW of solar-wind hybrid capacity in Khavda.

Energy Sales: Grew 30% YoY to 13,657 million units in Q1 FY27, backed by fresh capacity operationalization and high plant availability.

Massive BESS Commissioning at Khavda: AGEL installed 1,972 MWh of Battery Energy Storage System (BESS) capacity at Khavda during Q1 FY27, taking its total operational BESS capacity to 3,551 MWh-representing one of the world's largest single-location battery storage deployments. The company remains on track to add over 10,000 MWh of BESS capacity by FY27 toward a long-term goal of 50,000 MWh by 2030.

Progress at Khavda RE Park: Development of the world's largest renewable energy plant in Khavda, Gujarat (spanning 538 sq km) is accelerating. Operational portfolio at Khavda has risen to 10,262 MW (10.3 GW) across solar, wind, and hybrid facilities, up from 5.6 GW a year ago. AGEL aims to complete 30 GW at Khavda by 2029.

Segment Financial Performance

Renewable Power Generation & Ancillary Activities:

Segment Revenue: ₹4,394 crore in Q1 FY27 (vs. ₹3,376 crore in Q1 FY26 and ₹3,274 crore in Q4 FY26).

Segment Profit Before Tax: ₹1,182 crore in Q1 FY27 (vs. ₹932 crore in Q1 FY26 and ₹484 crore in Q4 FY26).

Segment Profit After Tax: ₹919 crore in Q1 FY27 (vs. ₹701 crore in Q1 FY26 and ₹427 crore in Q4 FY26).

Segment Assets: Expanded to ₹1,51,304 crore as of June 30, 2026 (vs. ₹1,15,629 crore as of June 30, 2025).

Segment Liabilities: Stood at ₹1,22,443 crore as of June 30, 2026.

Sale of Goods / Equipments & Related Services:

Segment Revenue: ₹341 crore in Q1 FY27 (vs. ₹818 crore in Q1 FY26).

Segment Profit Before Tax: ₹77 crore in Q1 FY27 (vs. ₹147 crore in Q1 FY26).

Segment Profit After Tax: ₹64 crore in Q1 FY27 (vs. ₹123 crore in Q1 FY26).

Segment Assets: Stood at ₹1,744 crore as of June 30, 2026.

Capital Structure & Balance Sheet Highlights

Paid-Up Equity Share Capital: Maintained at ₹1,647 crore (comprising equity shares with face value of ₹10/- each).

Other Equity: Stood at ₹17,643 crore at the close of the preceding fiscal year ended March 31, 2026.

Total Segment Assets: Expanded to ₹1,53,048 crore as of June 30, 2026, compared to ₹1,17,282 crore as of June 30, 2025.

ESG Benchmark: Retained the highest CRISIL ESG score within the Indian power sector for the fifth consecutive year, with its rating improving from 66 to 69 in FY26.

Mr. Ashish Khanna, CEO, Adani Green Energy, stated: "We commenced FY27 with strong momentum, underpinned by disciplined execution that enabled us to surpass the 20 GW milestone, alongside a strengthening demand environment. As power demand in India rebounded during the quarter, our expanding renewable energy portfolio enabled us to reliably meet the nation's growing clean energy requirements while continuing to deliver industry-leading operational performance.

On the energy storage front, we commissioned 1,972 MWh of Battery Energy Storage System (BESS) capacity during the quarter, taking our total installed BESS capacity to 3,551 MWh through one of the world's largest single-location deployments. As renewable penetration rises and power demand continues to grow, storage will play a critical role in ensuring round-the-clock reliability and grid stability. Together with our renewable generation portfolio and storage capacities including pumped hydro storage initiatives, we are building a resilient, flexible and future-ready round-the-clock renewable ecosystem that will help accelerate India's energy transition while strengthening long-term energy security."

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1541.85 as compared to the previous close of Rs. 1530.20. The total number of shares traded during the day was 210311 in over 8823 trades.

The stock hit an intraday high of Rs. 1558.40 and intraday low of 1525.25. The net turnover during the day was Rs. 324227507.00.

Source : Equity Bulls

Keywords

AdaniGreenEnergy INE364U01010 Q1FY27 Q1FY2027 ResultUpdate