| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 4,258 | 3,008 | +41.6% |
| EBITDA | 3,797 | 2,603 | +45.9% |
| EBITDA margin | 89.2% | 86.5% | +2.6 pts |
| Profit before tax | 856 | 292 | +193.2% |
| Net profit | 747 | 644 | +16.0% |
| EPS | ₹4.00 | ₹3.44 | +16.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,09,004 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 4,077 | 3,362 | 4,016 | 2,629 | 2,020 | ||
| 9,945 | 9,914 | 10,436 | 7,614 | 46.0 | ||
| 1,01,440 | 1,01,440 | 78,069 | 63,060 | 54,223 | ||
| 3,16,312 | — | — | — | — | ||
| 14,809 | 12,928 | 11,212 | 9,220 | 7,792 | ||
| — | +15.3% | +21.6% | +18.3% | — | ||
| 12,905 | 10,768 | 8,888 | 7,297 | 4,931 | ||
| 87.1% | 83.3% | 79.3% | 79.1% | 63.3% | ||
| 9,024 | 7,396 | 6,390 | 5,394 | 3,631 | ||
| 2,249 | 1,987 | 654 | 1,260 | 973 | ||
| 15.2% | 15.4% | 5.8% | 13.7% | 12.5% | ||
| ₹11.38 | ₹10.03 | ₹8.77 | ₹6.68 | ₹5.91 | ||
| — | +14.4% | +31.3% | +12.9% | — | ||
| — | 10,135 | 8,364 | 7,713 | 7,265 | ||
| — | −26,097 | −24,776 | −15,773 | −3,376 | ||
| −15,962 | −15,962 | −16,412 | −8,060 | 3,889 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,09,004.3 | |
| - Cash, Equiv & ST Investments | 2,020.0 | 2,629.0 | 4,016.0 | 3,362.0 | 4,077.0 | |
| + Minority Interest | 46.0 | 7,614.0 | 10,436.0 | 9,914.0 | 9,945.0 | |
| + Total Debt | 54,223.0 | 63,060.0 | 78,069.0 | 1,01,440.0 | 1,01,440.0 | |
| Enterprise Value | — | — | — | — | 3,16,312.3 | |
| Revenue | 7,792.0 | 9,220.0 | 11,212.0 | 12,928.0 | 14,809.0 | |
| Growth %, YoY | — | +18.3 | +21.6 | +15.3 | — | |
| EBITDA | 4,931.0 | 7,297.0 | 8,888.0 | 10,768.0 | 12,905.0 | |
| Margin % | 63.28 | 79.14 | 79.27 | 83.29 | 87.14 | |
| EBIT | 3,631.0 | 5,394.0 | 6,390.0 | 7,396.0 | 9,024.0 | |
| Net Income | 973.0 | 1,260.0 | 654.0 | 1,987.0 | 2,249.0 | |
| Margin % | 12.49 | 13.67 | 5.83 | 15.37 | 15.19 | |
| EPS, Adj (current shares) | 5.91 | 6.68 | 8.77 | 10.03 | 11.38 | |
| Growth %, YoY | — | +12.9 | +31.3 | +14.4 | — | |
| Cash from Operations | 7,265.0 | 7,713.0 | 8,364.0 | 10,135.0 | — | |
| Capital Expenditures | -3,376.0 | -15,773.0 | -24,776.0 | -26,097.0 | — | |
| Free Cash Flow | 3,889.0 | -8,060.0 | -16,412.0 | -15,962.0 | -15,962.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Adani Green Energy (NSE: ADANIGREEN) had a market capitalisation of ₹2,15,263 crore at the 29 October 2026 close (₹1,307.00 a share), a PE ratio of 114.9 on the last four quarters' profit and a price-to-book ratio of 9.97. In FY26 its consolidated net profit attributable to shareholders was ₹1,652 crore on revenue of ₹12,928 crore; in Q2 FY27 (July–September 2026) it was ₹673 crore, up 15.4% year on year. Its debt-to-equity ratio was 3.56 on 30 September 2026. Promoters held 62.43% of the shares on 30 September 2026.
Adani Green's PE ratio is 114.9 at the 29 October 2026 close (₹1,307.00 a share): a market capitalisation of ₹2,15,263 crore divided by consolidated net profit attributable to shareholders of ₹1,874 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹1,652 crore) it is 130.3.
Adani Green's price-to-book (PB) ratio is 9.97 at the 29 October 2026 close: a market capitalisation of ₹2,15,263 crore divided by shareholders' equity (book value) of ₹21,592 crore on 30 September 2026. That is a book value of ₹131.10 per share against a share price of ₹1,307.00.
Adani Green's net worth — shareholders' equity in its consolidated balance sheet — was ₹21,592 crore on 30 September 2026, up 10.6% from ₹19,524 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,15,263 crore at the 29 October 2026 close.
Adani Green's market capitalisation was ₹2,15,263 crore (₹2.15 lakh crore) at the 29 October 2026 close: 164.7 crore shares at ₹1,307.00 each.
Adani Green's debt-to-equity ratio was 3.56 on 30 September 2026: borrowings of ₹1,12,311 crore against total equity of ₹31,537 crore. A year earlier, on 30 September 2025, it was 2.89.
Adani Green's basic earnings per share (EPS) were ₹9.65 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹11.00.
No. Adani Green had borrowings of ₹1,12,311 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 3.56. Its cash and current investments were ₹5,684 crore, so its net debt was ₹1,06,627 crore.
Adani Green's book value per share was ₹131.10 on 30 September 2026: shareholders' equity of ₹21,592 crore divided by the 164.7 crore shares in issue, up 10.6% from ₹118.54 a year earlier. The share price at the 29 October 2026 close was ₹1,307.00.
In FY26, Adani Green generated ₹10,135 crore of cash from operations and spent ₹26,097 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹15,962 crore. In FY25 it was −₹16,412 crore.
In FY26, Adani Green's return on equity (ROE) was 10.3% and its return on capital employed (ROCE) was 6.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.1% and ROCE 8.2%.
On 30 September 2026, Adani Green's shares were held by promoters 62.43%, foreign portfolio investors (FII/FPI) 11.33%, domestic institutions (DII) 5.29% (including mutual funds at 3.96%) and retail and other non-institutional investors 20.94%. Over the year, FII holding was up 0.04 percentage points from 11.29% and DII holding was up 2.31 percentage points from 2.98%.
In FY26, Adani Green earned net profit attributable to shareholders of ₹1,652 crore on revenue of ₹12,928 crore, against ₹523 crore on ₹2,858 crore for NTPC Green Energy. Adani Green's operating margin was 57.2% (NTPC Green Energy 48.0%) and its return on equity 10.3% (NTPC Green Energy 2.8%).
Promoters held 62.43% of Adani Green on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Adani Green's latest results are for Q2 FY27 (July–September 2026), filed on 21 October 2026: consolidated net profit attributable to shareholders ₹673 crore, up 15.4% from ₹583 crore in Q2 FY26; revenue from operations ₹4,258 crore, up 41.6% year on year.
Adani Green has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26 (April 2025–March 2026), Adani Green's consolidated net profit attributable to shareholders was ₹1,652 crore, up 14.4% from ₹1,444 crore in FY25, on revenue from operations of ₹12,928 crore (up 15.3%). Over three years, from FY23, net profit was up 69.6%.
On FY26 consolidated figures, against NTPC Green Energy, ACME Solar Holdings and JSW Energy: Adani Green's operating margin of 57.2% is the second highest of the four (NTPC Green Energy 48.0%, ACME Solar Holdings 64.9%, JSW Energy 36.4%; peer average 49.8%); its return on equity of 10.3% is the second highest of the four (NTPC Green Energy 2.8%, ACME Solar Holdings 10.4%, JSW Energy 7.7%; peer average 7.0%).
From Adani Green Energy's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.