Adani Green Energy (ADANIGREEN) Q1 26/27 earnings summary

Executive summary

• Achieved highest-ever quarterly power generation of 31 billion units and dispatched 28.8 billion units, up 17% year-over-year, driven by improved PLFs and increased operating capacity.

• Operational capacity rose 27% year-over-year to 20,142 MW, with 4,327 MW greenfield additions, including 848 MW in Q1 FY27.

• Battery Energy Storage System (BESS) capacity reached 3,551 MWh, with 1,972 MWh commissioned in Khavda during Q1 FY27.

• Sale of energy increased 30% YoY to 13,657 million units, driven by capacity growth and strong demand.

• Recognized for ESG leadership, including top global rankings, sector awards, and net water positive status.

Financial highlights

• Total continuing revenue for Q1 FY 2027 reached INR 17,936 crore, a 27% increase year-over-year; revenue from power supply grew 29% YoY to ₹4,280 crore.

• EBITDA from power supply increased 33% YoY to ₹4,122 crore, with an industry-leading margin of 94%.

• Profit after tax rose 47% YoY to INR 4,867 crore; consolidated net profit for the quarter was ₹983 crore.

• Capex incurred was ₹8,826 crore, up 41% YoY.

• Fuel cost increased 30% to INR 9,513 crore, driven by higher dispatch and imported coal prices.

Outlook and guidance

• Targeting 50 GW renewable capacity by 2030 and 45 GW total portfolio by 2031, with secured sites and funding.

• On track to commission 1,320 MW Korba Phase-II in FY 2027 and 1,600 MW Mahan Phase-II in Q1 FY 2028.

• Focus on expanding BESS to 50 GWh and pumped storage to 5 GW by 2030.

• Over 62% and 54% progress at Raipur Phase II and Raigarh Phase II, respectively; execution started for 1,600 MW Mirzapur Greenfield Project.

• Nuclear power ambitions raised to 10 GW by 2035, contingent on government guidelines.