Adani Green Energy Limited (ADANIGREEN) Earnings Call Transcripts

Adani Green Energy Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Adani Green Energy Limited reported strong financial performance, with revenue reaching INR 11,602 crores, a 22% year-on-year increase, and EBITDA growing 23% to INR 10,865 crores. The company added 5.1 gigawatts of capacity, bringing its total operating portfolio to 19.3 gigawatts. Management maintained its target of achieving 50 gigawatts by 2030, signaling continued robust growth in the renewable energy sector. Analysts expressed concerns about curtailment impacts and future capacity addition amid transmission constraints.

Reported metrics

Guidance from management

Management maintained its target of achieving 50 gigawatts of capacity by 2030 and guided for an addition of 4.5 to 5 gigawatts in FY '27, constrained by transmission capabilities.

What management said

You obviously also might be aware of some issues that have been related to curtailment, which has affected AGEL and many other companies in the country. So the power that is curtailed today goes completely to waste. So when you put a battery storage capacity, you use otherwise wasted power, which has today 0 economic value into the BESS, making the cost of input very, very low. And hence, for a limited time perspec...

Yes, please. So we -- Mohit, so we've lost about INR 500 crores of EBITDA in the past year on account of curtailment. And if you look at the rate at which we're looking at contracting our merchant capacity this year going forward versus the realization that we had in the past year, the loss would be in the range of somewhere between INR 800 crores to INR 1,000 crores. So we would have lost a total of somewhere betw...

What analysts pressed on

Analysts expressed concerns regarding the impact of curtailment on EBITDA and the company's ability to manage future capacity additions amid transmission constraints. There were questions about the sustainability of revenue growth given these challenges.

Main topics on the call

• Capacity Addition — Adani Green added 5.1 gigawatts of renewable energy capacity in FY '26, marking a 35% year-on-year growth. This positions the company as a leader in global greenfield capacity expansion, with a total of 19.3 gigawatts op...
• Revenue and EBITDA Growth — Revenue from power supply increased by 22% year-on-year to INR 11,602 crores, while EBITDA grew by 23% to INR 10,865 crores, achieving an EBITDA margin of 91.2%. This reflects strong operational performance and effective...
• Battery Storage Expansion — The company aims to increase its battery storage capacity significantly, targeting over 10 gigawatt hours by FY '27. Management highlighted that 'adding more and more capacity of battery storage...hedge against...grid av...
• Curtailment Impact — Management disclosed that curtailment led to an estimated loss of INR 1,200 to INR 1,500 crores in EBITDA for FY '26. They do not expect similar losses in the future, stating, 'We do not expect to be happening going forw...

Read the full Adani Green Energy Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Adani Green Energy Limited earnings call transcripts on record, spanning October 29, 2021 to July 22, 2026. Based on this history, Adani Green Energy Limited reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ADANIGREEN

Exchange

NSEI

Country

IN

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

23

First call

October 29, 2021

Most recent

July 22, 2026

Reporting cadence

quarterly