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Adani Green Energy Ltd

Q3 FY26Power

Adani Green Energy Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price1,320
Market cap₹2.2L Cr
P/E114.5
Updated23 Aug 2026
Read4 min read

The short version

Capex for next year expected between INR 35,000 to 40,000 crores to support capacity expansion towards 50 GW by FY30. Adani Green Energy projects a run-rate EBITDA of approximately INR 17,000 crores for FY 2026, including other income of about INR 1,000 crores.

From Adani Green Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Capex for next year expected between INR 35,000 to 40,000 crores to support capacity expansion towards 50 GW by FY30.
  • Run rate EBITDA projected at about INR 17,000 crores by end of FY26 (including INR 1,000 crores other income), with power supply EBITDA around INR 16,000 crores.
  • Revenue expected in the range of INR 17,000 to 18,000 crores for next year, reflecting growth despite current curtailment and grid availability challenges.
  • Expansion plans include significant deployment of battery storage: 3.5 GWh capacity commissioning this year with plans to more than double next year.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Adani Green Energy Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Planned capex for next year is approximately INR 35,000 crores to INR 40,000 crores.
  • Aim to grow capacity to 50 gigawatts by FY 2030.
  • Battery storage investment is strategic; committed to commissioning 3.5 GWh battery storage this financial year with plans to more than double it next year.
  • Investment in pumped storage projects is underway, including the Chitravathi project expected this calendar year.
  • The company is expanding at large scale locations like Khavda, including co-location of solar and battery storage to optimize cost and returns.

2 more points management made on capital expenditure plans

Top-ranked in Power

Ranked on what management guided this quarter

5x potential
Rev 1Mar 1
2ACME Solar Hold.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Adani Green Energy Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for Adani Green Energy Limited. However, some relevant insights related to project backlog and bidding are: - There is a backlog of 42 GW of Letters of Award (LOAs) that have not yet been translated into Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs). - Exposure to potential cancellations of solar PPAs from this 40 GW is very small for Adani Green. - Tendering activity in the renewables sector has slowed compared to the past two years due to the backlog and grid constraints. - Future tenders may shift towards round-the-clock (RTC) and peak power tenders rather than pure solar tenders.

2 more points management made on order book & pipeline

Adani Green Energy Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹514 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Adani Green Energy Ltd Q3 FY26 results?

Capex for next year expected between INR 35,000 to 40,000 crores to support capacity expansion towards 50 GW by FY30. Adani Green Energy projects a run-rate EBITDA of approximately INR 17,000 crores for FY 2026, including other income of about INR 1,000 crores.

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?

Planned capex for next year is approximately INR 35,000 crores to INR 40,000 crores.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.