Adani Green Energy Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	122,140	112,120	92,200	77,760	51,330	31,240
Other Revenue	4,240	1,390	240	150	100	50
Revenue	126,380	113,510	92,440	77,910	51,430	31,290
Revenue Growth (YoY)	16.96%	22.79%	18.65%	51.49%	64.37%	22.71%
Operations & Maintenance	2,800	2,800	2,560	2,010	1,390	890
Selling, General & Admin	240	240	170	50	70	30
Depreciation & Amortization	31,500	24,980	19,030	13,000	8,490	4,860
Other Operating Expenses	18,800	20,030	16,030	20,400	14,720	7,840
Total Operating Expenses	53,340	48,050	37,790	35,460	24,670	13,620
Operating Income	73,040	65,460	54,650	42,450	26,760	17,670
Interest Expense	-63,610	-56,280	-44,660	-32,940	-23,750	-15,320
Interest Income	7,930	7,930	9,170	6,070	3,670	3,730
Net Interest Expense	-55,680	-48,350	-35,490	-26,870	-20,080	-11,590
Income (Loss) on Equity Investments	4,260	4,440	2,890	590	10	60
Currency Exchange Gain (Loss)	110	110	610	-5,590	290	2,340
Other Non-Operating Income (Expenses)	-1,650	1,740	-5,120	5,150	-2,360	-5,750
EBT Excluding Unusual Items	20,080	23,400	17,540	15,730	4,620	2,730
Total Merger & Restructuring Charges	-	-	-	-	-420	-
Gain (Loss) on Sale of Investments	1,530	1,530	870	350	120	50
Gain (Loss) on Sale of Assets	-120	-120	-210	-390	-20	-60
Asset Writedown	-	-	-	-	-	-60
Other Unusual Items	-2,170	-2,660	-1,490	-1,430	1,230	-730
Pretax Income	19,320	22,150	16,710	14,260	5,530	1,930
Income Tax Expense	760	2,140	4,110	4,530	640	110
Earnings From Continuing Ops.	18,560	20,010	12,600	9,730	4,890	1,820
Minority Interest in Earnings	-3,710	-5,570	-1,600	10	-	280
Net Income	14,850	14,440	11,000	9,740	4,890	2,100
Preferred Dividends & Other Adjustments	1,170	1,170	1,170	1,170	1,100	1,030
Net Income to Common	13,680	13,270	9,830	8,570	3,790	1,070
Net Income Growth	8.87%	31.27%	12.94%	99.18%	132.86%	-
Shares Outstanding (Basic)	1,589	1,584	1,584	1,582	1,564	1,564
Shares Outstanding (Diluted)	1,589	1,584	1,586	1,582	1,564	1,564
Shares Change (YoY)	2.10%	-0.11%	0.25%	1.14%	-	-
EPS (Basic)	8.61	8.38	6.21	5.42	2.42	0.68
EPS (Diluted)	8.60	8.37	6.20	5.41	2.42	0.68
EPS Growth	7.34%	35.00%	14.60%	123.25%	254.21%	-
Free Cash Flow	-	-164,120	-80,600	38,890	-117,320	-45,420
Free Cash Flow Per Share	-	-103.61	-50.83	24.59	-75.01	-29.04
Profit Margin	10.82%	11.69%	10.63%	11.00%	7.37%	3.42%
Free Cash Flow Margin	-	-144.59%	-87.19%	49.92%	-228.12%	-145.16%
EBITDA	101,640	89,560	72,750	54,360	34,940	22,440
EBITDA Margin	80.42%	78.90%	78.70%	69.77%	67.94%	71.72%
D&A For EBITDA	28,600	24,100	18,100	11,910	8,180	4,770
EBIT	73,040	65,460	54,650	42,450	26,760	17,670
EBIT Margin	57.79%	57.67%	59.12%	54.49%	52.03%	56.47%
Effective Tax Rate	3.93%	9.66%	24.60%	31.77%	11.57%	5.70%
Revenue as Reported	133,700	124,220	105,210	86,170	55,770	35,990

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.