Adani Green's Q2 profit climbs 16% as capacity reaches 20.8 GW

what happened

According to Moody's, Adani Green Energy (AGEL) posted a quarterly net profit of 747 crore for the quarter ending in September, a 16% gain on the 644 crore recorded a year earlier. Total income climbed 39%, reaching 4,520 crore versus 3,249 crore before.

In the first half of FY27, energy sales grew 33% to 12,090 million units, helped by a 24% expansion in greenfield capacity. Power-supply revenue rose 36% to 8,299 crore, EBITDA increased 41% to 7,957 crore, and the EBITDA margin reached 93%, which the company calls the best in the industry. CEO Ashish Khanna said that without curtailment, EBITDA would have been close to 9,000 crore.

Operational capacity rose 24% to 20.8 GW in the first half, and the company says it is on track for its 50 GW goal by 2030. Between April and September it added 4,083 MW of new capacity, including 2,957 MW of solar, 805 MW of wind and 321 MW of solar-wind hybrid in Khavda, Gujarat. Quarterly cash profit increased 45%, to 1,951 crore from 1,348 crore.

why it matters

For markets, the key points are the pace of growth in India's renewable generation and the expansion of the Adani Group's clean-energy portfolio. Curtailment remains a factor investors watch when valuing power producers. The figures cover a single company, so the impact on broad indices is limited.

market impact

Indian renewable stocks: capacity and profit growth supports sector sentiment

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