Adani Green Energy Ltd.
ADANIGREENUtilities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
9 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 9 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20220810 | 2022-06-30 | no | |
| COVER_LETTER | 20230506 | 2023-03-31 | no | |
| TRANSCRIPT | 20240510 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240731 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241026 | 2024-09-30 | yes | |
| DUPLICATE | 20241028 | 2024-09-30 | no | |
| COVER_LETTER | 20241028 | 2024-09-30 | no | |
| TRANSCRIPT | 20250130 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250506 | 2025-03-31 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260428 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260727 | 2026-06-30 | yes |
ADANIGREEN
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,280.10 |
| 52-week range | 772.8 – 1604.5 |
| Return 1M | -3.75% |
| Return 3M | -16.12% |
| Return 1Y | 16.88% |
| Return 3Y | 26.27% |
| Return 5Y | 11.14% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,431.00 |
| Other income | 232.00 |
| Total income | 4,663.00 |
| Cost of materials consumed | 35.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 22.00 |
| Finance costs | 2,001.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.62 | 0.00 |
| institutions foreign | 0.12 | 0.01 |
| institutions domestic | 0.05 | 0.00 |
| mutual funds | 0.03 | 0.00 |
| public | 0.38 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2024-09-30 | 3 |
| DUPLICATE | 2024-09-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 8 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,461.00 | 1,635.00 | 1,586.00 | 1,973.00 | 2,598.00 | 2,176.00 | 2,220.00 | 2,311.00 | 2,527.00 | 2,834.00 | 3,055.00 | 2,365.00 | 3,008.00 | 2,618.00 | 3,502.00 | 4,431.00 |
| Other income | 126.00 | 66.00 | 100.00 | 285.00 | 390.00 | 228.00 | 369.00 | 364.00 | 279.00 | 288.00 | 321.00 | 265.00 | 241.00 | 219.00 | 225.00 | 232.00 |
| Total income | 1,587.00 | 1,701.00 | 1,686.00 | 2,258.00 | 2,988.00 | 2,404.00 | 2,589.00 | 2,675.00 | 2,806.00 | 3,122.00 | 3,376.00 | 2,630.00 | 3,249.00 | 2,837.00 | 3,727.00 | 4,663.00 |
| Cost of materials consumed | 310.00 | 263.00 | 352.00 | 694.00 | 439.00 | 95.00 | 218.00 | 411.00 | 463.00 | 219.00 | 588.00 | 261.00 | 47.00 | 12.00 | 228.00 | 35.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 9.00 | 9.00 | 9.00 | 11.00 | 11.00 | 17.00 | 19.00 | 23.00 | 18.00 | 34.00 | 28.00 | 31.00 | 47.00 | 37.00 | 33.00 | 22.00 |
| Finance costs | 667.00 | 458.00 | 498.00 | 617.00 | 1,338.00 | 1,393.00 | 1,165.00 | 1,242.00 | 1,206.00 | 1,440.00 | 1,369.00 | 944.00 | 1,635.00 | 1,698.00 | 1,626.00 | 2,001.00 |
| Depreciation and amortisation | 274.00 | 280.00 | 298.00 | 330.00 | 392.00 | 451.00 | 474.00 | 481.00 | 497.00 | 593.00 | 618.00 | 615.00 | 834.00 | 886.00 | 885.00 | 1,026.00 |
| Other expenses | 170.00 | 415.00 | 359.00 | 415.00 | -116.00 | -17.00 | 284.00 | 211.00 | 195.00 | 161.00 | 234.00 | 472.00 | 311.00 | 328.00 | 359.00 | 389.00 |
| Total expenses | 1,430.00 | 1,425.00 | 1,516.00 | 2,067.00 | 2,064.00 | 1,939.00 | 2,160.00 | 2,368.00 | 2,379.00 | 2,447.00 | 2,837.00 | 2,323.00 | 2,874.00 | 2,961.00 | 3,131.00 | 3,473.00 |
| Profit before exceptional items and tax | 157.00 | 276.00 | 170.00 | 191.00 | 924.00 | 465.00 | 429.00 | 307.00 | 427.00 | 675.00 | 539.00 | 307.00 | 375.00 | -124.00 | 596.00 | 1,190.00 |
| Exceptional items | -15.00 | 0.00 | 0.00 | -69.00 | -125.00 | -50.00 | -16.00 | -100.00 | -80.00 | -47.00 | -97.00 | -16.00 | -83.00 | -11.00 | -108.00 | -2.00 |
| Profit before tax | 142.00 | 276.00 | 170.00 | 122.00 | 799.00 | 415.00 | 413.00 | 207.00 | 347.00 | 628.00 | 442.00 | 291.00 | 292.00 | -135.00 | 488.00 | 1,188.00 |
| Current tax | -6.00 | 1.00 | -1.00 | 1.00 | 92.00 | 43.00 | 78.00 | 31.00 | -74.00 | 57.00 | 7.00 | 6.00 | -24.00 | 54.00 | 68.00 | 49.00 |
| Deferred tax | 27.00 | 58.00 | 25.00 | 62.00 | 215.00 | 99.00 | 41.00 | 37.00 | 156.00 | 122.00 | 19.00 | -115.00 | -213.00 | -91.00 | -12.00 | 214.00 |
| Tax expense | 21.00 | 59.00 | 24.00 | 63.00 | 307.00 | 142.00 | 119.00 | 68.00 | 82.00 | 179.00 | 26.00 | -109.00 | -237.00 | -37.00 | 56.00 | 263.00 |
| Profit for the period | 121.00 | 214.00 | 149.00 | 103.00 | 507.00 | 323.00 | 371.00 | 256.00 | 310.00 | 629.00 | 515.00 | 474.00 | 644.00 | 5.00 | 514.00 | 983.00 |
| Profit attributable to owners | 121.00 | 214.00 | — | 0.00 | 508.00 | 322.00 | 372.00 | 256.00 | 150.00 | 446.00 | 276.00 | 492.00 | 583.00 | -41.00 | 397.00 | 845.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | — | 0.00 | -1.00 | 1.00 | -1.00 | 0.00 | 160.00 | 183.00 | 239.00 | -18.00 | 61.00 | 46.00 | 117.00 | 138.00 |
| Other comprehensive income | -18.00 | -116.00 | 48.00 | -63.00 | 75.00 | -103.00 | 38.00 | 39.00 | 20.00 | 54.00 | 17.00 | 69.00 | 52.00 | 17.00 | 88.00 | -65.00 |
| Total comprehensive income | 103.00 | 98.00 | 197.00 | 40.00 | 582.00 | 220.00 | 409.00 | 295.00 | 330.00 | 683.00 | 532.00 | 543.00 | 696.00 | 22.00 | 602.00 | 918.00 |
| Earnings per share, basic | 0.58 | 1.18 | 0.74 | 0.47 | 3.02 | 1.85 | 2.17 | 1.42 | 0.76 | 2.63 | 1.56 | 2.92 | 3.44 | -0.38 | 2.33 | 5.05 |
| Earnings per share, diluted | 0.58 | 1.18 | 0.74 | 0.47 | 3.02 | 1.85 | 2.17 | 1.42 | 0.76 | 2.63 | 1.54 | 2.92 | 3.44 | -0.38 | 2.33 | 5.05 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,058.00 | 2,549.00 | 3,124.00 | 5,133.00 | 7,792.00 | 9,220.00 | 12,928.00 |
| Other income | 73.00 | 80.00 | 396.00 | 415.00 | 841.00 | 1,240.00 | 891.00 |
| Total income | 2,131.00 | 2,629.00 | 3,520.00 | 5,548.00 | 8,633.00 | 10,460.00 | 13,819.00 |
| Cost of materials consumed | 130.00 | 0.00 | 0.00 | 1,286.00 | 1,748.00 | 1,187.00 | 708.00 |
| Purchases of stock-in-trade | 0.00 | 462.00 | 528.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 19.00 | 96.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 60.00 | 107.00 | 38.00 | 34.00 | 40.00 | 77.00 | 150.00 |
| Finance costs | 1,121.00 | 995.00 | 1,953.00 | 2,617.00 | 2,911.00 | 5,006.00 | 6,484.00 |
| Depreciation and amortisation | 1,062.00 | 394.00 | 486.00 | 849.00 | 1,300.00 | 1,903.00 | 3,372.00 |
| Other expenses | 343.00 | 511.00 | 148.00 | 274.00 | 1,073.00 | 659.00 | 1,302.00 |
| Total expenses | 2,716.00 | 2,488.00 | 3,249.00 | 5,060.00 | 7,072.00 | 8,832.00 | 12,016.00 |
| Profit before exceptional items and tax | -585.00 | 142.00 | 271.00 | 488.00 | 1,561.00 | 1,628.00 | 1,803.00 |
| Exceptional items | 0.00 | -191.00 | -84.00 | 64.00 | -194.00 | -246.00 | -219.00 |
| Profit before tax | -585.00 | -50.00 | 187.00 | 552.00 | 1,367.00 | 1,382.00 | 1,584.00 |
| Current tax | 6.00 | 0.00 | 0.00 | -4.00 | 93.00 | 78.00 | 192.00 |
| Deferred tax | -119.00 | 11.00 | 11.00 | 68.00 | 360.00 | 333.00 | -178.00 |
| Tax expense | -113.00 | 11.00 | 11.00 | 64.00 | 453.00 | 411.00 | 14.00 |
| Profit for the period | -475.00 | -68.00 | 182.00 | 489.00 | 973.00 | 1,260.00 | 1,987.00 |
| Profit attributable to owners | -474.00 | -23.00 | 210.00 | 489.00 | 974.00 | 1,100.00 | 1,652.00 |
| Profit attributable to non-controlling interests | -1.00 | -45.00 | -28.00 | 0.00 | -1.00 | 160.00 | 335.00 |
| Other comprehensive income | -27.00 | 49.00 | -18.00 | -84.00 | -56.00 | -6.00 | 130.00 |
| Total comprehensive income | -502.00 | -19.00 | 164.00 | 405.00 | 917.00 | 1,254.00 | 2,117.00 |
| Earnings per share, basic | -3.57 | -0.74 | 0.68 | 2.41 | 5.41 | 6.21 | 9.65 |
| Earnings per share, diluted | -3.57 | -0.74 | 0.68 | 2.41 | 5.41 | 6.20 | 9.65 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 62,441.00 | 67,361.00 | 71,479.00 | 88,538.00 | 98,258.00 | 125,877.00 | 144,097.00 |
| Non-current assets | 56,353.00 | 59,553.00 | 62,536.00 | 74,507.00 | 86,464.00 | 114,578.00 | 132,636.00 |
| Current assets | 5,456.00 | 7,213.00 | 8,352.00 | 13,474.00 | 11,254.00 | 11,299.00 | 11,461.00 |
| Property, plant and equipment | 30,398.00 | 48,257.00 | 47,291.00 | 62,195.00 | 64,537.00 | 88,315.00 | 102,049.00 |
| Capital work-in-progress | 19,927.00 | 5,291.00 | 6,480.00 | 6,423.00 | 14,617.00 | 16,691.00 | 19,016.00 |
| Goodwill | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Other intangible assets | 79.00 | 76.00 | 2,204.00 | 86.00 | 86.00 | 83.00 | 86.00 |
| Inventories | 35.00 | 52.00 | 52.00 | 291.00 | 133.00 | 105.00 | 136.00 |
| Trade receivables | 1,312.00 | 2,206.00 | 1,318.00 | 1,342.00 | 1,199.00 | 1,898.00 | 2,129.00 |
| Cash and cash equivalents | 256.00 | 1,002.00 | 798.00 | 1,608.00 | 4,342.00 | 2,855.00 | 1,735.00 |
| Total equity and liabilities | 62,441.00 | 67,361.00 | 71,479.00 | 88,538.00 | 98,258.00 | 125,877.00 | 144,097.00 |
| Equity | 6,759.00 | 7,350.00 | 7,979.00 | 17,448.00 | 22,035.00 | 29,759.00 | 29,879.00 |
| Equity share capital | 1,584.00 | 1,584.00 | 1,584.00 | 1,584.00 | 1,584.00 | 1,647.00 | 1,647.00 |
| Other equity | 5,175.00 | 5,720.00 | 6,349.00 | 8,250.00 | 8,992.00 | 17,877.00 | 18,318.00 |
| Total liabilities | 55,682.00 | 60,011.00 | 63,500.00 | 71,090.00 | 76,223.00 | 96,118.00 | 114,218.00 |
| Non-current liabilities | 47,122.00 | 51,568.00 | 46,722.00 | 44,276.00 | 53,409.00 | 78,921.00 | 94,068.00 |
| Current liabilities | 8,128.00 | 7,941.00 | 16,324.00 | 26,388.00 | 22,420.00 | 17,197.00 | 20,150.00 |
| Borrowings, non-current | 45,773.00 | 49,908.00 | 44,903.00 | 40,503.00 | 49,114.00 | 73,781.00 | 90,755.00 |
| Borrowings, current | 6,268.00 | 4,315.00 | 12,475.00 | 22,557.00 | 16,492.00 | 12,216.00 | 10,685.00 |
| Trade payables | 127.00 | 391.00 | 339.00 | 354.00 | 512.00 | 405.00 | 407.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 3,060.00 | 3,197.00 | 7,265.00 | 3,985.00 | 7,713.00 | 4,525.00 | 4,376.00 | 10,135.00 |
| Net cash from investing activities | -18,663.00 | -2,511.00 | -3,857.00 | -5,736.00 | -21,060.00 | -5,077.00 | -12,593.00 | -26,227.00 |
| Net cash from financing activities | 15,986.00 | -997.00 | -2,973.00 | 1,547.00 | 13,953.00 | 3,286.00 | 8,860.00 | 15,615.00 |
| Purchase of property, plant and equipment | 14,792.00 | 1,800.00 | 3,376.00 | 3,800.00 | 15,773.00 | 10,511.00 | 12,297.00 | 26,097.00 |
| Net increase in cash | 383.00 | -311.00 | 435.00 | -204.00 | 606.00 | 2,734.00 | 643.00 | -477.00 |
| con:CFO.BEFORE_TAX | 3,080.00 | 3,210.00 | 7,254.00 | 4,004.00 | 7,763.00 | 4,612.00 | 4,505.00 | 10,278.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 20.00 | 13.00 | -11.00 | 19.00 | 50.00 | 87.00 | 129.00 | 143.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 4.00 | 14.00 | 38.00 | 0.00 | 73.00 | 4.00 | 75.00 | 105.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 5,003.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 57.26 | 56.27 | 56.26 | 56.37 | 56.37 | 57.52 | 60.94 | 60.94 | 60.94 | 61.91 | 0.62 | 0.62 | 0.62 | 0.62 |
| Domestic institutions | 1.44 | 1.47 | 1.49 | 1.50 | 1.55 | 1.47 | 1.45 | 1.72 | 2.40 | 2.86 | 0.03 | 0.04 | 0.05 | 0.05 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 1.51 | 0.02 | 0.03 | 0.03 | 0.03 |
| Insurance companies | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.32 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 17.13 | 18.26 | 18.16 | 18.03 | 18.15 | 16.91 | 15.15 | 13.68 | 12.45 | 11.58 | 0.11 | 0.11 | 0.11 | 0.12 |
| Public | 42.74 | 43.73 | 43.74 | 43.63 | 43.63 | 42.48 | 39.06 | 39.06 | 39.06 | 38.09 | 0.38 | 0.38 | 0.38 | 0.38 |
| Non-institutional | 24.16 | 24.00 | 24.08 | 24.10 | 23.93 | 24.11 | 22.46 | 23.66 | 24.22 | 23.64 | 0.23 | 0.22 | 0.22 | 0.21 |
| Shares outstanding | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1584032478 | 1624717291 | 1647176155 | 1647176155 | 1647176155 | 1647176155 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Adani Green Energy Limited | Holding Company (including Ultimat | Any other transaction, Interest received, Sale of fi | 118,113,300,000.00 | 130 |
| Adani Green Energy Six Limited | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 106,854,800,000.00 | 180 |
| Adani Renewable Energy Holding Four Limited (Formerly known | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 48,498,700,000.00 | 30 |
| TotalEnergies Renewables Singapore Pte Limited (Formerly kno | Entity with significant influence | Any other transaction, Interest paid | 40,225,900,000.00 | 7 |
| Adani Wind Energy MP One Private Limited (Formerly known as | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 31,761,900,000.00 | 19 |
| Adani Properties Private Limited | Entities with joint control of, or | Any other transaction, Interest paid, Purchase of go | 27,687,800,000.00 | 31 |
| Adani Hybrid Energy Jaisalmer Five Limited (Formerly known a | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 25,152,500,000.00 | 25 |
| Adani Green Energy Twenty Four Limited | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of fi | 22,735,700,000.00 | 28 |
| Adani Energy Holdings Limited (Formerly known as SB Energy H | Subsidiaries | Any other transaction | 21,273,200,000.00 | 22 |
| Adani Renewable Energy Forty One Limited | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 18,388,800,000.00 | 22 |
| Adani Renewable Energy Fifty Seven Limited | Wholly Owned Subsidiaries | Any other transaction, Sale of goods or services | 15,812,800,000.00 | 12 |
| Adani Green Energy Twenty Five Limited | Subsidiaries | Any other transaction, Interest received, Sale of fi | 15,794,500,000.00 | 19 |
| Adani Green Energy Twenty Six B Limited | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of fi | 15,200,400,000.00 | 27 |
| Jash Energy Private Limited | Entities under common control/ Ass | Any other transaction, Purchase of goods or services | 13,664,400,000.00 | 12 |
| Adani Green Energy Twenty Four A Limited | Wholly Owned Subsidiaries | Any other transaction, Interest received, Sale of go | 11,903,000,000.00 | 34 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-04-28 | Q4FY26 | Read the call | |
| 2025-05-06 | Q4FY25 | DEVELOPMENT | Read the call |
| 2025-01-30 | Q3FY25 | DEVELOPMENT, HEAD OF GROUP CORPORATE, MR. RAJ KUMAR JAIN, MR. SAURABH SHAH, MR. VIRAL RAVA | Read the call |
| 2024-10-26 | Q2FY25 | DEVELOPMENT | Read the call |
| 2024-07-31 | Q1FY25 | ENERGY LIMITED, LIMITED | Read the call |
| 2024-05-10 | Q4FY24 | DEVELOPMENT, OFFICER, SERVICES INDIA LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|
| Capex | So, can you just give us the capex difference between the two systems and the benefits of the two systems? | Our revenue from power supply rose by 20% year-on-year to INR4,836 crores, backed by a robust capacity addition over the year. | Sir, can you throw some light on your capacity addition target for this year and next year? | In FY24, we strengthened our market leadership with 2,848 MW of greenfield capacity addition, which marks a 35% year-on-year increase. | And that is why we are confident about adding 150% of our last year capacity addition. | Just wanted to check on the capex targets for FY27, specifically regarding the greenfield capacity plans of AGEL and also around the plans around the … |
| Capital allocation | — | — | — | Adani Green Energy Limited May 03, 2024 But when we do the math, I see from the equity standpoint, we see a need for equity raise to reach that kind o… | — | — |
| Costs | — | Like how is this economically logical and how can one deliver at INR6.5 power from PSP with considering input cost of INR2.7? | — | — | — | — |
| Debt and cash | The way we have designed the project and the way our cash flows from existing projects work and the new projects will also throw in a lot of free cash… | Having delivered the intended capacity growth, we completely redeemed the USD750 million Holdco bond in line with our commitment, resulting in systema… | As of now, the net debt is around INR 57,000 crores. | So without any additional fundraise, you see the ability to fund it from existing or operating cash flows? | — | — |
| Demand | When it comes to solar, we will mix it to make sure that we service demand for our key customers. | And on the other part (profit attributable to non controlling interest), the reason why it contributes a major portion is because these are older asse… | Now, in terms of new business development, we have made notable progress in expanding our PPA pipelines. | We also have a development pipeline for pumped storage projects across four states in India. | And if you can remind us, what is the contracted signed PPAs that you have and what is in the pipeline beyond that also? | — |
| Guidance | However, it will pick up as it picks up every year as we move forward in Q2 and Q3 and later in Q4. So, we expect a good realization north of INR 4.5 … | We expect this supplies to start somewhere in Q3 next calendar year. | But we anticipate that shortly after, four to five weeks after, we should be able to announce commissioning in early part of Q1 for the remaining targ… | My first question is on the guidance that we can expect for the commissioning of new capacity in the coming fiscal '25 and fiscal '26, if you could pl… | We expect markets likely around the same number for this year, and then probably let us see how it picks up. | — |
| Margin | And so, what sort of net debt to EBITDA would you target, basically, because this is a big capex? | Our EBITDA from power supply has increased by 20% year-on-year to INR4,518 crores, while our cash profit surged by an impressive 27% year-on-year to I… | So, that would be about, from our perspective, that would be about INR10,000 crores of EBITDA that we will generate from the current 11.6 gigawatt cap… | I'm glad to share that in FY24, we delivered a robust performance across all metrics on a year- on-year basis. • Our revenue from power supply increas… | — | — |
| People | — | — | — | — | A second question is it possible to give us how much you sold a merchant basis during this quarter and what was the merchant utilization? | — |
| Pricing | I think the merchant pricing, if you look at the last year and going forward, I think if I were to split it between solar and wind, you know the wind … | The new wind capacity additions are on the merchant side, where the price realization in H1 has been very attractive as well. | And as pricing evolves, we will even look to settle these merchant contracts on long- term PPAs in the future. | They change every quarter in terms of pricing. | — | — |
| Revenue growth | — | This synergy not only accelerates the growth of renewable energy and enhances the efficiency of our transmission infrastructure, but it also unlocks t… | — | From an India standpoint, India currently is already expecting a huge growth of consumption from an energy perspective. | Last year, the overall growth of energy sector in India was 4.2% because of the lower growth rate in certain quarters. | — |