Adani Green Q1 FY27 profit rises 19% to ₹983 crore on capacity-led energy sales

Adani Green Energy reported a 19% year-on-year rise in Q1 FY27 consolidated profit to ₹983 crore. Power-supply revenue grew 29% as energy sales climbed 30%, supported by renewable-capacity additions and the expanding Khavda portfolio.

— Source publishedWed, 22 Jul, 2026, 15:09 IST·First seen Wed, 22 Jul, 2026, 15:17 IST·Source The Hindu BusinessLine

What happened

Adani Green Energy’s Q1 FY27 profit rose 19% to ₹983 crore as capacity additions lifted energy sales. Its Khavda renewable portfolio reached 10.3 GW, while the

Key facts

  • Consolidated profit: ₹983 crore, up 19% YoY
  • Total income: ₹4,663 crore, up 16% YoY
  • Power-supply revenue: ₹4,280 crore, up 29% YoY
  • Energy sales: 13,657 million units, up 30% YoY
  • Operational renewable capacity: 20.1 GW, up from 15.8 GW
  • Greenfield capacity added: 4,327 MW
  • Power-supply EBITDA: ₹4,122 crore, up 33% YoY
  • EBITDA margin: 94%
  • Cash profit: ₹2,225 crore, up 28% YoY
  • Khavda operational portfolio: 10.3 GW, up from 5.6 GW
  • BESS commissioned: 1,972 MWh; total BESS: 3,551 MWh
  • FY27 target: 5 GW renewable additions and over 10,000 MWh storage
  • 2030 capacity target: 50 GW

Why this matters

The Khavda build-out is emerging as a scaled growth platform, making capacity partnerships, supply-chain resilience and project execution central to sustaining Adani Green’s momentum.

What to watch

  • Quarterly renewable capacity commissioned versus management targets.
  • Energy-sales growth relative to capacity growth and seasonal generation patterns.
  • Khavda transmission commissioning, evacuation availability and any curtailment disclosures.
  • Net debt, interest cost, operating cash flow and refinancing activity.
  • PPA additions, tariff realization and payment collections from offtakers.
  • Any changes in renewable-policy support, grid regulations or project-approval timelines.
  • Accelerate commissioning across the Khavda portfolio and other under-construction renewable projects.
  • Prioritize long-term power-purchase agreements and grid connectivity to convert capacity additions into contracted generation.
  • Use stronger operating earnings to refinance or term out project debt and protect funding capacity for expansion.
  • Emphasize generation growth, availability, curtailment levels and cash-flow conversion in upcoming disclosures.