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Adani Green Energy results

NSE: ADANIGREENBSE: 541450PowerLarge Cap

Last close ₹1,185.10down ₹64.90 (5.19%)BSE ₹1,185.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,250.00.

52-week range of traded prices to 23 Oct 2026
₹765.00Low, 23 Jan 2026₹1,631.50High, 14 Jul 2026
Market cap
₹1,95,207 Cr46th largest listed
P/E
104.2
P/B
9.0
Dividend yield
Nonein the last 12 months
ROE
9.1%
ROCE
6.3%
Debt to equity
3.56
Volume, NSE
29,75,69234.9% delivered

Q2 results, quarter to Sep 2026

Consolidated: the company and its subsidiaries together. ₹ crore.Adani Green Energy annual results and balance sheet

Revenue
₹4,258 Cr+41.6% on a year ago · −3.9% on the quarter before
Operating profit
₹3,797 Cr+45.9% on a year ago · −4.7% on the quarter before
Net profit
₹747 Cr+16.0% on a year ago · −24.0% on the quarter before
Earnings per share
₹4.00+16.3% on a year ago · −20.8% on the quarter before
Operating margin
89.2%
Net margin
17.5%

From revenue to net profit, ₹ crore

  1. Revenue4,258
  2. Materials and goods−122
  3. Employee costs−28
  4. Other expenses−311
  5. Operating profit3,797
  6. Depreciation−1,084
  7. Other income+262
  8. Finance costs−2,119
  9. Profit before tax856
  10. Tax−191
  11. Joint ventures+82
  12. Net profit747

Adani Green Energy results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreDec 2021Q3Filed 3 FebMar 2022Q4Filed 5 MayJun 2022Q1Filed 3 AugSep 2022Q2Filed 11 NovDec 2022Q3Filed 8 FebMar 2023Q4Filed 3 MayJun 2023Q1Filed 31 OctSep 2023Q2Filed 31 OctDec 2023Q3Filed 29 JanMar 2024Q4Filed 4 MayJun 2024Q1Filed 26 JulSep 2024Q2Filed 23 OctDec 2024Q3Filed 23 JanMar 2025Q4Filed 12 JunJun 2025Q1Filed 28 JulSep 2025Q2Filed 27 JanDec 2025Q3Filed 23 JanMar 2026Q4Filed 24 AprJun 2026Q1Filed 22 JulSep 2026Q2Filed 21 Oct
Revenue from operations1,4001,4611,6351,5861,9732,5982,1622,2202,3112,5272,8343,0552,3653,0733,8003,0082,6183,5024,4314,258
3574896877201,12033481521645676414850764680758405377620446461
Materials and goods bought40731026335269443995218411463219588261371421471222835122
Employee costs999911111719231834283135334737332228
Other expenses−59170415359415−116−31284211195161234472274304311328359389311
Operating profit before depreciation1,0439729488668532,2642,0811,6991,6661,8512,4202,2051,6012,3933,0422,6032,2412,8823,9853,797
Operating margin74.5%66.5%58.0%54.6%43.2%87.1%96.3%76.5%72.1%73.2%85.4%72.2%67.7%77.9%80.1%86.5%85.6%82.3%89.9%89.2%
Depreciation and amortisation2602742802983303924514744814975936186156637678348868851,0261,084
Other income7112666100285390228369364279288321265214206241219225232262
Finance costs8136674584986171,3381,3931,1651,2421,2061,4401,3699441,3681,5251,6351,6981,6262,0012,119
Profit before one-off items and tax41157276170191924465429307427675539307576956375−1245961,190856
One-off items0−1500−69−125−50−16−100−80−47−97−16−166−17−83−11−108−20
Profit before tax41142276170122799415413207347628442291410939292−1354881,188856
−721592463307142119688217926−109118232−237−3756263191
Tax rate−17.1%14.8%21.4%14.1%51.6%38.4%34.2%28.8%32.9%23.6%28.5%5.9%−37.5%28.8%24.7%−81.2%–11.5%22.1%22.3%
Share of profit of joint ventures and associates1–−334415507711745180997491117115103825882
491212141491035073233712563106295154743838246445514983747
Other comprehensive income−14−18−11648−6375−103383920541769−84−27521788−65185
Total comprehensive income35103981974058222040929533068353254329979769622602918932
Net margin3.5%8.3%13.1%9.4%5.2%19.5%14.9%16.7%11.1%12.3%22.2%16.9%20.0%12.5%21.7%21.4%0.2%14.7%22.2%17.5%
Net margin without joint ventures and associates3.4%–13.3%9.2%3.0%18.9%12.6%13.2%6.0%10.5%15.8%13.6%16.9%9.5%18.6%17.6%−3.7%12.3%20.9%15.6%
Earnings per share₹0.14₹0.58₹1.18₹0.74₹0.47₹3.02–₹2.17₹1.42–₹2.63₹1.56₹2.92–₹4.26₹3.44−₹0.38₹2.33₹5.05₹4.00
Diluted earnings per share₹0.14₹0.58₹1.18₹0.74₹0.47₹3.02–₹2.17₹1.42–₹2.63₹1.54₹2.92–₹4.26₹3.44−₹0.38₹2.33₹5.05₹4.00
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹11,212 Cr, differs from its quarters added, ₹11,327 Cr.

The quarter to Jun 2023 was restated in the company's filing of 31 Oct 2023. The table shows the restated figures.

Filed results, as an XML file each

16 earlier filings

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Adani Green Energy segment results by year

  • Renewable power generation and other related ancillary activities

    Revenue, ₹ crore
    Profit, ₹ crore

  • Sale of Goods / Equipments and Related Services

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue of all businesses––3,3813,3482,5713,3634,1893,3092,9173,8024,7354,693
Company revenue, as in its results2,3112,5272,8343,0552,3653,0733,8003,0082,6183,5024,4314,258
Revenue––2,834––2,6883,3712,9602,6053,2744,3944,159
Revenue growth––––––18.9%––21.8%30.3%40.5%
Profit––628––396931291−1364841,182854
Profit growth––––––48.2%––22.2%27.0%193.5%
Margin––22.2%––14.7%27.6%9.8%−5.2%14.8%26.9%20.5%
Assets–––––1,10,1071,16,5661,24,3151,31,7621,42,5401,51,3041,60,346
Liabilities–––––88,41289,11795,8401,03,8001,14,1791,22,4431,30,376
Capital employed–––––21,69527,44928,47527,96228,36128,86129,970
Revenue––––499675818349312528341534
Revenue––––2,072–––––––
Revenue–0547293––––––––
Revenue–––3,055––––––––
–0––––––––––
–––––––––––0
Revenue–––––––––0−304–
Profit is before tax and finance costs, the way companies report their segments.