Summary:
Adani Green Energy reported Q2FY27 net profit of ₹673 crore, up 15.4% year on year, while consolidated revenue rose 39% to ₹4,520 crore. Operational renewable capacity reached 20.8 GW, supported by higher electricity sales and capacity additions.
Adani Green Energy Limited’s consolidated net profit for the second quarter of FY27 rose 15.4% YoY to ₹673 crore against ₹583 crore in the same quarter last year. Higher electricity generation and an increase in renewable energy capacity drove a sharp rise in revenue.
Adani Green Energy Q2FY27 Result: Revenue & Profit Up
The consolidated revenue for the September quarter stood at ₹4,520 crore against ₹3,249 crore in Q2FY26, registering a YoY growth of about 39%.
Revenue from operations grew 46% to ₹4,123 crore from ₹2,824 crore a year back.
Power supply revenue, a key metric for the renewable electricity business, increased 45% to ₹4,019 crore from ₹2,776 crore YoY.
EBITDA from power supply increased 51% to ₹3,835 crore and EBITDA margin improved to 92% from 90.5%.
Q2FY27 Financial Highlights at a Glance:
| Particulars | Q2FY27 | Q2FY26 |
| Net Profit | ₹673 crore | ₹583 crore |
| Consolidated Revenue | ₹4,520 crore | ₹3,249 crore |
| Revenue from Power Supply | ₹4,019 crore | ₹2,776 crore |
| EBITDA from Power Supply | ₹3,835 crore | ₹2,543 crore |
| EBITDA Margin from Power Supply | 92.0% | 90.5% |
Higher electricity sales, resulting from capacity additions across the company’s renewable energy portfolio, were reflected in higher power supply revenues and operating earnings.
Renewable Energy Capacity Touched 20.8 GW
Adani Green Energy continued building its solar, wind and hybrid power portfolio in H1FY27.
Operational capacity increased 24% YoY to 20.8 GW, supported by the addition of 4,083 MW of renewable energy capacity over the prior year.
The additions included 2,957 MW of solar, 805 MW of wind, and 321 MW of hybrid capacity.
Energy sales for Q2FY27 grew 33% YoY to 12,090 million units. In H1FY27, electricity sales amounted to 25,747 million units, recording growth of 32%.
The company has an installed battery energy storage system (BESS) capacity of 6.63 GWh at Khavda, Gujarat, after adding about 3.08 GWh during the September quarter.
H1FY27 Performance Sees More Power Sales
Power supply revenue increased 36% YoY to ₹8,299 crore in the first half of FY27.
EBITDA from Power Supply increased by 41% to ₹7,957 crore. Cash Profit jumped to ₹4,176 crore, up by 35%.
Capital expenditure during H1FY27 was approximately ₹17,160 crore, registering 38% YoY growth.
The company is taking forward the development of its large renewable energy project at Khavda where the operational renewable capacity has touched about 10.8 GW.
Why Adani Green Energy Shares Slumped Despite Higher Profit?
Adani Green Energy shares settled at ₹1,258.50 on the NSE on October 21, down 2.83% from the previous close of ₹1,295.20.
The stock made a 52-week high of ₹1,302 and a low of ₹1,244.80 in intraday trade.
Quarterly earnings and electricity sales were up, but it was still down. The fall occurred amid a weak broader market, but no specific reason was independently established for the stock's decline.
Looking Ahead
Adani Green Energy’s latest results indicate sustained growth in renewable power generation and energy storage.
The company’s target of 50 GW of operational renewable capacity by 2030 remains a key milestone. Future performance will be driven by project execution, transmission infrastructure availability, financing costs and electricity generation.
