Adani Green Energy Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	123,260	112,120	92,200	77,760	51,330
Other Revenue	6,020	1,390	240	150	100
Revenue	129,280	113,510	92,440	77,910	51,430
Revenue Growth (YoY)	13.89%	22.79%	18.65%	51.49%	64.37%
Operations & Maintenance	-	2,800	2,560	2,010	1,390
Selling, General & Admin	-	240	170	50	70
Depreciation & Amortization	33,720	24,980	19,030	13,000	8,490
Other Operating Expenses	21,600	20,030	16,030	20,400	14,720
Total Operating Expenses	55,320	48,050	37,790	35,460	24,670
Operating Income	73,960	65,460	54,650	42,450	26,760
Interest Expense	-64,840	-56,280	-44,660	-32,940	-23,750
Interest Income	-	7,930	9,170	6,070	3,670
Net Interest Expense	-64,840	-48,350	-35,490	-26,870	-20,080
Income (Loss) on Equity Investments	4,170	4,440	2,890	590	10
Currency Exchange Gain (Loss)	-	110	610	-5,590	290
Other Non-Operating Income (Expenses)	8,910	1,740	-5,120	5,150	-2,360
EBT Excluding Unusual Items	22,200	23,400	17,540	15,730	4,620
Total Merger & Restructuring Charges	-	-	-	-	-420
Gain (Loss) on Sale of Investments	-	1,530	870	350	120
Gain (Loss) on Sale of Assets	-	-120	-210	-390	-20
Other Unusual Items	-2,190	-2,660	-1,490	-1,430	1,230
Pretax Income	20,010	22,150	16,710	14,260	5,530
Income Tax Expense	140	2,140	4,110	4,530	640
Earnings From Continuing Ops.	19,870	20,010	12,600	9,730	4,890
Minority Interest in Earnings	-3,350	-5,570	-1,600	10	-
Net Income	16,520	14,440	11,000	9,740	4,890
Preferred Dividends & Other Adjustments	-	1,170	1,170	1,170	1,100
Net Income to Common	16,520	13,270	9,830	8,570	3,790
Net Income Growth	14.40%	31.27%	12.94%	99.18%	132.86%
Shares Outstanding (Basic)	1,712	1,584	1,584	1,582	1,564
Shares Outstanding (Diluted)	1,712	1,584	1,586	1,582	1,564
Shares Change (YoY)	8.07%	-0.11%	0.25%	1.14%	-
EPS (Basic)	9.65	8.38	6.21	5.42	2.42
EPS (Diluted)	9.65	8.37	6.20	5.41	2.42
EPS Growth	15.29%	35.00%	14.60%	123.25%	254.21%
Free Cash Flow	-159,620	-164,120	-80,600	38,890	-117,320
Free Cash Flow Per Share	-93.24	-103.61	-50.83	24.59	-75.01
Profit Margin	12.78%	11.69%	10.63%	11.00%	7.37%
Free Cash Flow Margin	-123.47%	-144.59%	-87.19%	49.92%	-228.12%
EBITDA	107,680	89,560	72,750	54,360	34,940
EBITDA Margin	83.29%	78.90%	78.70%	69.77%	67.94%
D&A For EBITDA	33,720	24,100	18,100	11,910	8,180
EBIT	73,960	65,460	54,650	42,450	26,760
EBIT Margin	57.21%	57.67%	59.12%	54.49%	52.03%
Effective Tax Rate	0.70%	9.66%	24.60%	31.77%	11.57%
Revenue as Reported	138,190	124,220	105,210	86,170	55,770

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.