Adani Green Energy Q2 FY27 Earnings: Revenue Reaches ₹4,019 Crore As EBITDA Rises 51% In September Quarter
Add Preferred News Source
Adani Green Energy's Q2 FY27 revenue from power supply rose 45% year-on-year to ₹4,019 crore, while EBITDA increased 51% to ₹3,835 crore. Higher electricity sales and new capacity supported growth. The company's shares fell 3.80% on 21 October, even as its earnings improved.
Adani Green Energy Ltd (AGEL) reported higher revenue and operating earnings for the September quarter, driven by increased electricity sales and additions to its renewable energy portfolio. Revenue from power supply and earnings before interest, tax, depreciation and amortisation (EBITDA) both recorded strong year-on-year growth.
The company's earnings presentation, released on 21 October, highlighted progress in solar, wind and hybrid generation, alongside the expansion of battery energy storage capacity.
Adani Green Energy shares traded at ₹1,248.10 on the National Stock Exchange (NSE) on 21 October, down ₹46.21 or 3.57% from the previous close of ₹1,295.20. The stock opened at ₹1,295.20, reached an intraday high of ₹1,302 and fell to a low of ₹1,245.30.
Adani Green Energy Q2 FY27 Results: Key Figures
Particulars | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
Revenue from power supply | ₹4,019 crore | ₹2,776 crore | +45% |
EBITDA from power supply | ₹3,835 crore | ₹2,543 crore | +51% |
Cash profit | ₹1,951 crore | ₹1,348 crore | +45% |
EBITDA margin | 92.0% | 90.5% | +1.5 percentage points |
Electricity Sales And Capacity Expansion
Electricity sales increased 33% year-on-year during the quarter, according to the company's presentation. For the first half of FY27, sales reached 25,747 million units, up 32% from the corresponding period a year earlier.
Operational capacity stood at 20,763 MW at the end of September, following new project additions. Higher generation from the expanded portfolio, alongside operations and maintenance efficiency, supported the company's operating performance.
Khavda Battery Storage Expansion
At its Khavda renewable energy site in Gujarat, AGEL operationalised 3,081 MWh of battery energy storage capacity during Q2. Total installed storage capacity reached 6,632 MWh by the end of September.
The next milestone is 50 GW. Adani Green Energy aims to reach that renewable energy capacity by 2030 through solar, wind, hybrid generation and storage projects.
Capital Expenditure And Debt
The expansion requires substantial investment. Capital expenditure totalled ₹17,160 crore in the first half of FY27, reflecting continued spending on generation assets and supporting infrastructure.
Net debt reached ₹1,02,973 crore on 30 September. It stood at ₹91,252 crore on 31 March 2026. The figures reflect the company’s funding position as capacity development continues.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
