Adani Green Energy quarterly results and financials

Adani Green Energy (ADANIGREEN)₹1,449+2.25%(9 Nov 2026 close)Power Generation

Key facts

In the Sep 2026 quarter (consolidated), Adani Green Energy reported sales of ₹4,266 Cr, up 41.6% from Sep 2025, and net profit of ₹746 Cr, up 16.0% year on year. For the year to Mar 2026, sales were ₹12,940 Cr and net profit ₹1,984 Cr.

Sales (Sep 2026): ₹4,266 Cr
Net profit (Sep 2026): ₹746 Cr
Sales (FY Mar 2026): ₹12,940 Cr
Net profit (FY Mar 2026): ₹1,984 Cr
EPS (Sep 2026): ₹4.08
Borrowings (Mar 2026): ₹1.04 L Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Adani Green Energy quarterly results

₹ crore unless stated; each column is a quarter.

Adani Green Energy Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	2,313	2,529	2,799	3,008	2,344	3,077	3,807	3,012	2,622	3,505	4,436	4,266
Expenses	646	694	416	789	461	673	759	406	378	621	447	462
Operating Profit	1,664	1,832	2,376	2,213	1,877	2,399	3,038	2,601	2,238	2,878	3,978	3,795
OPM %	72.0%	72.9%	84.9%	73.9%	79.9%	77.9%	79.9%	86.9%	85.9%	81.9%	89.9%	88.9%
Other Income	265	234	272	295	281	39.06	189	158	209	117	230	263
Interest	1,246	1,228	1,431	1,454	1,256	1,373	1,530	1,639	1,703	1,632	2,009	2,125
Depreciation	483	499	598	623	620	665	769	836	889	888	1,030	1,087
Profit before tax	207	347	629	442	291	411	941	293	−135	489	1,189	857
Tax %	33.0%	24.0%	28.0%	6.0%	−37.0%	29.1%	25.1%	−81.0%	−26.9%	11.0%	22.1%	22.0%
Exceptional items	−67.01	−43.95	−34.01	−90.96	−16.01	−118	−12.99	−82.98	−7.01	−92.92	−1.99	0.00
Net Profit	256	310	627	514	473	382	822	643	4.99	513	982	746
EPS (Rs)	1.61	0.94	2.81	1.73	3.10	1.44	4.38	3.53	−0.24	2.40	5.12	4.08

Adani Green Energy profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Adani Green Energy Profit and loss
	Mar 2016 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	28.04	503	1,481	2,061	2,554	3,130	5,139	7,806	9,229	11,228	12,940	14,830
Expenses	14.04	98.17	638	533	1,101	884	1,623	2,828	1,905	2,329	2,146	1,908
Operating Profit	12.99	403	842	1,525	1,448	2,241	3,509	4,964	7,309	8,877	10,770	12,890
OPM %	47.9%	80.0%	56.9%	73.9%	56.9%	71.9%	67.9%	63.9%	78.9%	78.9%	82.9%	86.9%
Other Income	7.01	80.10	42.06	73.17	−111	386	508	668	1,264	1,318	1,074	819
Interest	23.09	335	553	1,125	998	1,960	2,626	2,919	5,022	5,510	6,509	7,470
Depreciation	6.02	334	545	1,066	395	488	851	1,304	1,909	2,507	3,384	3,894
Profit before tax	−9.02	−184	−210	−586	−50.04	187	554	1,427	1,672	2,219	2,004	2,400
Tax %	3.0%	−75.0%	−35.0%	−19.0%	22.1%	6.0%	12.0%	32.0%	25.0%	10.1%	1.0%	—
Exceptional items	0.00	71.92	−8.99	0.00	−202	−84.99	53.97	−159	−187	−305	−215	−102
Net Profit	−8.99	−46.95	−138	−474	−67.91	182	488	971	1,259	1,998	1,984	2,246
EPS (Rs)	−0.57	−0.36	−0.99	−3.02	−0.14	1.33	3.12	6.13	6.92	9.10	10.00	11.36
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Adani Green Energy balance sheet

₹ crore, at each year end.

Adani Green Energy Balance sheet
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	160	1,276	1,565	1,565	1,565	1,563	1,562	1,584	1,585	1,584	1,647
Reserves	−9.03	−71.11	−224	371	795	638	1,051	5,742	8,278	10,595	18,396
Borrowings	4,143	4,361	9,898	11,180	14,922	24,258	52,899	54,388	65,038	80,282	1,03,809
Other Liabilities	1,280	613	4,507	1,574	1,195	2,272	3,491	5,356	13,457	18,516	19,508
Total Liabilities	5,574	6,179	15,747	14,691	18,477	28,731	59,003	67,070	88,358	1,10,976	1,43,360
Fixed Assets	2,791	4,359	9,161	10,421	12,608	16,484	28,569	48,506	62,551	80,183	1,02,566
CWIP	1,956	266	1,719	741	1,204	4,434	19,827	5,272	6,407	14,422	18,953
Investments	6.99	25.94	86.93	76.87	477	501	573	1,147	1,513	2,740	2,980
Other Assets	820	1,527	4,780	3,451	4,189	7,313	10,034	12,144	17,888	13,630	18,861
Inventories	402	0.00	1,696	136	104	29.06	17.05	52.12	292	101	136
Trade receivables	63.91	335	846	757	738	1,201	1,805	2,202	1,340	1,537	2,123
Cash & equivalents	106	187	458	361	696	1,021	1,596	1,988	8,780	3,338	2,771
Total Assets	5,574	6,179	15,747	14,691	18,477	28,731	59,003	67,070	88,358	1,10,976	1,43,360

Adani Green Energy cash flow

₹ crore, for each year.

Adani Green Energy Cash flow
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	27.98	649	1,626	1,966	1,601	3,061	7,265	7,710	8,362	10,137
Cash from investing activity	−1,510	−4,431	−2,667	−3,744	−9,143	−18,677	−3,856	−21,058	−19,831	−26,248
Cash from financing activity	1,556	3,939	1,044	2,159	7,076	15,965	−2,971	13,949	12,063	15,606
Net cash flow	75.80	162	2.99	382	−452	382	434	604	603	−476
Capex	919	4,439	2,879	3,411	6,165	14,841	3,388	15,827	24,847	26,187
Free cash flow	−890	−3,766	−1,246	−1,433	−4,533	−11,748	3,931	−8,000	−16,413	−15,884
CFO / OP %	7.0%	78.1%	108.0%	137.0%	72.0%	88.0%	146.0%	106.0%	97.0%	95.0%

Adani Green Energy ratios

Working-capital days and returns, by year.

Adani Green Energy Ratios
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	850	245	209	134	106	141	129	103	53	50	60
Inventory days	—	—	—	384	—	—	—	—	—	—	—
Days payable	—	—	—	456	—	—	—	—	—	—	—
Cash conversion cycle	849	244	208	62	105	140	128	102	52	49	59
Working capital days	−12,275	−218	−678	−182	−193	−407	−572	−175	−905	−436	−369
ROCE %	—	2.0%	4.0%	4.0%	8.1%	10.1%	8.0%	8.1%	10.1%	9.1%	7.0%

Adani Green Energy: frequently asked questions

What are the latest quarterly results of Adani Green Energy?

For the Sep 2026 quarter, Adani Green Energy reported sales of ₹4,266 Cr, up 41.6% year on year and net profit of ₹746 Cr, up 16.0% year on year. The operating margin was 88.9%.

What is the annual revenue of Adani Green Energy?

Adani Green Energy's sales for the year to Mar 2026 were ₹12,940 Cr; over the last twelve months they were ₹14,830 Cr.

What is the net profit of Adani Green Energy?

Net profit for the year to Mar 2026 was ₹1,984 Cr, and ₹2,246 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.36.

How much debt does Adani Green Energy have?

Adani Green Energy reported borrowings of ₹1.04 L Cr at Mar 2026, against cash and equivalents of ₹2,771 Cr.

What is the free cash flow of Adani Green Energy?

Cash from operations was ₹10,137 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹15,884 Cr.

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