Adani Green Energy Ltd
Adani Green Energy Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Adani Green Energy is committed to executing 5 gigawatts of capacity addition in the current financial year (FY26), with capex guidance of INR 30,000 to 35,000 crores annually for the next two years. Adani Green Energy is on track to execute its ambitious 50-gigawatt capacity target by 2030, supporting significant future growth.
From Adani Green Energy Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Adani Green Energy is committed to executing 5 gigawatts of capacity addition in the current financial year (FY26), with capex guidance of INR 30,000 to 35,000 crores annually for the next two years.
- The company aims to increase capacity progressively beyond FY26, with more capacities expected to come online in 2029 and 2030.
- Overall project pipeline includes over 4 gigawatts of LOAs to be converted into PPAs and around 27 gigawatts under signed PPAs.
- Management highlights strong execution and operational capabilities despite challenges, maintaining the commitment to a 50-gigawatt portfolio by 2030.
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Profitability & Margins
See what Adani Green Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex guidance for FY26 is INR 30,000 crores for 5 GW capacity addition.
- Next two years expected capex range: INR 30,000 - 35,000 crores annually to add 5-6 GW capacities.
- Total project capex for solar plants: INR 4-4.5 crores per MW.
- BESS (Battery Energy Storage Systems) strategy is under development; large scale plans to be announced soon.
- PSP (Pumped Storage Projects) capex will ramp up mainly in the last 3 years of a 6-year timeline from PSA signing.
- Focus on hybrid and storage projects expected to increase in future tenders.
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Adani Green Energy currently has Letters of Award (LOAs) of more than 4 gigawatts that are yet to be converted into Power Purchase Agreements (PPAs).
- In addition to this, around 27 gigawatts of capacity are already covered under signed PPAs.
- The company is on track toward its 50-gigawatt target by 2030.
- There were no major new LOAs converted into PPAs in the latest quarter, but many LOAs have been converted into PPAs in the past 6 to 9 months.
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Adani Green Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.5K Cr, net profit ₹514 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Adani Green Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Adani Green Energy Ltd Q2 FY26 results?
Adani Green Energy is committed to executing 5 gigawatts of capacity addition in the current financial year (FY26), with capex guidance of INR 30,000 to 35,000 crores annually for the next two years. Adani Green Energy is on track to execute its ambitious 50-gigawatt capacity target by 2030, supporting significant future growth.
What is Adani Green Energy Ltd share price analysis?
Adani Green Energy Ltd currently shows a neutral. The stock trades at a P/E of 114.5 with a market cap of ₹222,039 Cr. Investors should review the full earnings analysis for detailed insights.
Is Adani Green Energy Ltd planning capital expenditure?
Capex guidance for FY26 is INR 30,000 crores for 5 GW capacity addition.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.