Adani Green Energy Ltd – Q1 FY26 Key Highlights

• Consolidated net profit (PAT): ₹824 crore, up ~31% YoY from ₹629 crore. • Revenue from operations: ₹3,312 crore, also up ~31% YoY. • Energy sales: 10,479 million units (MUs), up ~42% YoY. • Operational renewable capacity: ~15.8 GW, up ~45% YoY. Around 4.9 GW added in the past year, including ~1.6 GW in this quarter. • EBITDA: ₹3,108 crore, up ~31% YoY. EBITDA margin stood at ~92.8%. • Cash profit: ₹1,744 crore, grew ~25% YoY. Strengths • Significant capacity expansion through solar, hybrid, and wind projects across Gujarat, Rajasthan, and Andhra Pradesh. • Strong growth in energy sales and efficiency supported higher margins. • Healthy revenue and cash profit growth ensure strong cash flows for reinvestment and debt servicing. Challenges & Risks • Heavy dependence on continued capex and financing availability. • Renewable power output depends on weather conditions and grid integration. • Regulatory policies and tariff competition may impact future profitability. Conclusion Adani Green Energy posted a robust Q1 FY26 with strong profit, revenue, and energy sales growth, driven by large-scale capacity additions. High margins and strong operational performance underline the company’s position as a key renewable energy leader. Going forward, sustained growth will depend on efficient execution of expansion, regulatory clarity, and management of financing risks. Overall, AGEL is well positioned in India’s renewable energy transition.