India's Adani Green Energy posts quarterly profit rise on higher power sales

Adani Green Energy

21/10/2026 11:07

Oct 21 (Reuters) - India's Adani Green Energy ADNA.NS reported a nearly 16% rise in second-quarter profit on Wednesday, driven by higher power sales.
The green energy arm of billionaire Gautam Adani's group posted a consolidated profit of 7.47 billion rupees ($78.94 million) for the quarter ended September 30, up from 6.44 billion rupees a year ago.
     
Here are some key details:
The company's revenue from power supply jumped 45% to 40.19 billion rupees, while energy sales rose 33%
Overall revenue climbed more than 39% to 45.20 billion rupees
Adani Green said it could exceed its full-year outlook of 10 gigawatt-hours of battery energy storage capacity, after it installed 3.08 GWh of capacity at its site in Khavda in the western Indian state of Gujarat during the quarter
Its total operational storage capacity, including the Khavda site, is currently at 6.63 GWh 
India is aggressively expanding renewable energy to meet its emission reduction goals, including a target of 500 gigawatts of non-fossil capacity by 2030
Adani Green operates in solar, wind and hybrid segments across the country and is seen as a bellwether for the renewables sector 
The company's operational renewable capacity stood at 20.8 gigawatts at the end of September, up 24% from a year earlier, after it added 4.08 GW of solar, wind and hybrid capacity. The company aims to reach 50 GW by 2030
     

($1 = 94.6275 Indian rupees)

 (Reporting by Mridula Kumar and Puyaan Singh in Bengaluru; Editing by Mrigank Dhaniwala and Janane Venkatraman)
 ((mridula.kumar@thomsonreuters.com))