India · Delayed Price · Currency is INR Adani Green Energy Earnings Call Transcripts
Fiscal Year 2026
-
Energy sales grew 34% year-over-year to 37.6 billion units, with 5.1 GW new capacity added and revenue up 22%. Plans include 2.5–5 GW new capacity and 10 GWh battery storage in FY 2027, targeting 50 GW by 2030.
-
Energy sales grew 34% year-on-year, with 5.1 GW capacity added and EBITDA up 23%. FY 2027 will see over 10 GWh of battery storage and 4.5–5 GW new capacity, with most additions tied to long-term PPAs. Transmission constraints and curtailment risks are being mitigated by rapid battery deployment.
-
Energy sales grew 37% and capacity rose 48% year-over-year, with strong EBITDA margins and major battery storage projects underway. Grid constraints and commodity volatility impacted revenue, but expansion and CapEx plans remain robust.
-
H1 FY 2026 saw 39% energy sales growth and 49% capacity expansion, with strong financials and execution despite grid and weather challenges. CapEx and leverage remain disciplined, with a clear path to 50 GW by 2030 and a focus on storage and hybrid projects.
-
Operational capacity rose 45% year-over-year to 15.8 GW, with revenue and EBITDA up 31%. Wind CUF reached 42.3%, and merchant prices remained volatile. On track for 5 GW annual additions and 50 GW by 2030.
Fiscal Year 2025
-
Record FY25 performance with 3,309 MW added, 28% YoY energy sales growth, and INR 8,818 crore EBITDA. Fully funded for 5 GW FY26 expansion and on track for 50 GW by 2030, with strong capital management and advanced storage projects underway.
-
Operational and financial performance remained strong with 23% growth in energy sales and 18% higher EBITDA year-over-year. FY25 targets 5 GW new capacity, with robust capital management and a focus on battery storage and long-term PPAs.
-
Revenue, EBITDA, and energy sales grew 20% year-over-year, driven by 2.9 GW capacity addition and strong execution. FY25 targets 6 GW new capacity, with robust capital management and major new PPAs, including a 5 GW solar award and a Google data center deal.
-
Revenue and EBITDA grew over 20% year-over-year, driven by capacity additions and strong operational performance. Merchant and C&I sales are set to rise, with a focus on wind and pumped storage, while borrowing costs decline and no equity raise is planned.