Adani Green Energy Limited reported a robust performance for the fiscal year ended March 31, 2026. Driven by significant greenfield capacity additions and strong operational efficiency, the company achieved a 34% year-on-year surge in energy sales. Key highlights include reaching a cumulative operating capacity of 19.3 gigawatts and securing an inaugural JCR BBB+ credit rating, underscoring the company’s ability to maintain financial discipline while aggressively pursuing its 50 gigawatt capacity goal by 2030.
FY26 Financial and Operational Performance
Adani Green Energy has demonstrated unparalleled growth in the 2026 fiscal year, achieving a 34% year-on-year increase in energy sales to reach 37.6 billion units. This growth is underpinned by 5.1 gigawatts of new greenfield capacity additions, the highest among companies outside China. Financial results reflect this operational success, with revenue from power supply rising by 22% year-on-year to INR 11,602 crores. The company also reported an impressive EBITDA growth of 23%, reaching INR 10,865 crores with an EBITDA margin of 91.2%.
Strategic Projects and Storage Expansion
The landmark Khavda project remains a focal point of the company’s strategy, with 9.4 gigawatts of solar, wind, and hybrid assets currently in operation. Advancements in energy storage are a key priority, with 1.4 gigawatt hours of battery capacity already added at Khavda. Management has set an ambitious target to reach 10 gigawatt hours of storage capacity by the end of the year. Additionally, the company is making significant progress on its maiden 500 megawatt pump hydro storage project located at Chitravathi, Andhra Pradesh.
Future Outlook and Capital Management
Looking toward FY27, Adani Green plans to continue its capacity expansion, with a targeted addition of 4.5 to 5.0 gigawatts of solar and wind capacity, contingent on grid evacuation infrastructure. The company’s commitment to sustainable development has been recognized with an ESG 1+ rating from CareEdge, achieving the highest score of 87.3 in the country. With its recent JCR BBB+ inaugural rating, the company remains well-positioned to maintain financial discipline as it scales toward its long-term objective of 50 gigawatts of renewable capacity by 2030.
Source: BSE
