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Adani Green Energy Reports 99% Profit Decline Amid Revenue Growth and Expansion Plans

ENERGY STORAGE

Adani Green Energy Ltd (AGEL) reported a staggering 99% decline in consolidated net profit to ₹5 crore for Q3 FY26, despite a 7.6% rise in total income to ₹2,837 crore, driven by a 21% increase in power supply revenue. The company's expenses surged significantly, leading to a 14.63% drop in shares following the announcement, while ongoing projects and greenfield capacity additions contributed to a 24% year-on-year increase in EBITDA to ₹7,921 crore.

Adani Green Energy Reports 99% Profit Decline Amid Revenue Growth and Expansion Plans
Jan 24, 2026, 6:12 AM

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