India's Adani Green reports higher quarterly profit on strong power sales

Adani Green Energy

24/04/2026 09:46

April 24 (Reuters) - India's Adani Green Energy ADNA.NS reported an over 34% jump in its fourth-quarter profit on Friday, driven by higher power sales and increased capacity utilisation.

The green energy arm of billionaire Gautam Adani's group posted a consolidated profit of 34.2 billion rupees ($362.8 million) for the quarter ended March 31, up from 3.83 billion rupees a year ago.

India is aggressively expanding renewable energy to meet its climate goals, including a target of 500 gigawatts of non-fossil capacity by 2030.

This has been benefitting Adani Green, which is seen as a bellwether for the sector.

The company's revenue from power supply increased 16% to 30.94 billion rupees, while energy sales jumped 34%.

Its mainstay power supply unit also posted a 20% climb in its earnings before interest, tax, depreciation, and amortization to 29.44 billion rupees with margins unchanged at 91%.

Overall revenue climbed nearly 14% to 37.37 billion rupees.

Adani Green's operational capacity rose 35% during the fiscal year.

($1 = 94.2787 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))