| ₹ 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% |
| Tap a line for its trend | Q2 FY27Sep 2026 | Q1 FY27Jun 2026 | Q4 FY26Mar 2026 | Q3 FY26Dec 2025 | Q2 FY26Sep 2025 | Q1 FY26Jun 2025 | Q4 FY25Mar 2025 | Q3 FY25Dec 2024 | Q2 FY25Sep 2024 | Q1 FY25Jun 2024 | Q4 FY24Mar 2024 | Q3 FY24Dec 2023 | Earlier quartersAlpha Plus |
|---|
| 4,258 | 4,431 | 3,502 | 2,618 | 3,008 | 3,800 | 3,073 | 2,365 | 3,055 | 2,834 | 2,527 | 2,311 | Earlier quartersEvery year the company has filed comes with Alpha Plus. | |
| 262 | 232 | 225 | 219 | 241 | 206 | 214 | 265 | 321 | 288 | 279 | 364 | ||
| 4,520 | 4,663 | 3,727 | 2,837 | 3,249 | 4,006 | 3,287 | 2,630 | 3,376 | 3,122 | 2,806 | 2,675 | ||
Expenses | |||||||||||||
| 99.0 | 35.0 | 228 | 12.0 | 47.0 | 421 | 371 | 261 | 588 | 219 | 463 | 411 | ||
| 23.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
| 28.0 | 22.0 | 33.0 | 37.0 | 47.0 | 33.0 | 35.0 | 31.0 | 28.0 | 34.0 | 18.0 | 23.0 | ||
| 2,119 | 2,001 | 1,626 | 1,698 | 1,635 | 1,525 | 1,368 | 944 | 1,369 | 1,440 | 1,206 | 1,242 | ||
| 1,084 | 1,026 | 885 | 886 | 834 | 767 | 663 | 615 | 618 | 593 | 497 | 481 | ||
| 311 | 389 | 359 | 328 | 311 | 304 | 274 | 472 | 234 | 161 | 195 | 211 | ||
| 3,664 | 3,473 | 3,131 | 2,961 | 2,874 | 3,050 | 2,711 | 2,323 | 2,837 | 2,447 | 2,379 | 2,368 | ||
| 3,797 | 3,985 | 2,882 | 2,241 | 2,603 | 3,042 | 2,393 | 1,601 | 2,205 | 2,420 | 1,851 | 1,666 | ||
| 2,713 | 2,959 | 1,997 | 1,355 | 1,769 | 2,275 | 1,730 | 986 | 1,587 | 1,827 | 1,354 | 1,185 | ||
Profit | |||||||||||||
| 856 | 1,190 | 596 | −124 | 375 | 956 | 576 | 307 | 539 | 675 | 427 | 307 | ||
| 0.0 | −2.0 | −108 | −11.0 | −83.0 | −17.0 | −166 | −16.0 | −97.0 | −47.0 | −80.0 | −100 | ||
| 856 | 1,188 | 488 | −135 | 292 | 939 | 410 | 291 | 442 | 628 | 347 | 207 | ||
| 71.0 | 49.0 | 68.0 | 54.0 | −24.0 | 94.0 | 98.0 | 6.0 | 7.0 | 57.0 | −74.0 | 31.0 | ||
| 120 | 214 | −12.0 | −91.0 | −213 | 138 | 20.0 | −115 | 19.0 | 122 | 156 | 37.0 | ||
| 191 | 263 | 56.0 | −37.0 | −237 | 232 | 118 | −109 | 26.0 | 179 | 82.0 | 68.0 | ||
| 82.0 | 58.0 | 82.0 | 103 | 115 | 117 | 91.0 | 74.0 | 99.0 | 180 | 45.0 | 117 | ||
| 747 | 983 | 514 | 5.0 | 644 | 824 | 383 | 474 | 515 | 629 | 310 | 256 | ||
| 665 | 925 | 432 | −98.0 | 529 | 707 | 292 | 400 | 416 | 449 | 265 | 139 | ||
| 185 | −65.0 | 88.0 | 17.0 | 52.0 | −27.0 | −84.0 | 69.0 | 17.0 | 54.0 | 20.0 | 39.0 | ||
| 932 | 918 | 602 | 22.0 | 696 | 797 | 299 | 543 | 532 | 683 | 330 | 295 | ||
| 673 | 845 | 397 | −41.0 | 583 | 713 | 230 | 492 | 276 | 446 | 150 | 256 | ||
| 74.0 | 138 | 117 | 46.0 | 61.0 | 111 | 153 | −18.0 | 239 | 183 | 160 | 0.0 | ||
Per share | |||||||||||||
| ₹4.00 | ₹5.05 | ₹2.33 | −₹0.38 | ₹3.44 | ₹4.26 | ₹1.26 | ₹2.92 | ₹1.56 | ₹2.63 | ₹0.76 | ₹1.42 | ||
| ₹4.00 | ₹5.05 | ₹2.33 | −₹0.38 | ₹3.44 | ₹4.26 | ₹1.26 | ₹2.92 | ₹1.54 | ₹2.63 | ₹0.76 | ₹1.42 | ||
Other comprehensive income — detail | |||||||||||||
| 185 | −65.0 | 88.0 | 17.0 | 52.0 | −27.0 | −84.0 | — | — | — | — | — | ||
| 6.0 | — | −2.0 | 1.0 | 1.0 | 0.0 | −3.0 | 0.0 | 5.0 | −3.0 | −2.0 | 1.0 | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | — | — | — | — | — | ||
| — | — | — | — | — | — | — | 0.0 | 2.0 | −1.0 | −1.0 | 1.0 | ||
| 240 | −86.0 | 119 | 21.0 | 68.0 | −36.0 | −111 | 94.0 | 24.0 | 75.0 | 55.0 | 52.0 | ||
| 60.0 | −21.0 | 29.0 | 5.0 | 17.0 | −9.0 | −31.0 | — | — | — | — | — | ||
| — | — | — | — | — | — | — | 25.0 | 10.0 | 19.0 | 34.0 | 13.0 | ||
| 836 | 791 | 469 | −26.0 | 619 | 691 | 162 | 563 | 273 | 495 | 163 | 295 | ||
| 96.0 | 127 | 133 | 48.0 | 77.0 | 106 | 137 | −20.0 | 259 | 188 | 167 | 0.0 | ||
Per share — as-filed variants | |||||||||||||
| ₹4.00 | ₹5.05 | ₹2.33 | −₹0.38 | ₹3.44 | ₹4.26 | ₹1.26 | ₹2.92 | ₹1.56 | ₹2.63 | ₹0.76 | ₹1.42 | ||
| ₹4.00 | ₹5.05 | ₹2.33 | −₹0.38 | ₹3.44 | ₹4.26 | ₹1.26 | ₹2.92 | ₹1.54 | ₹2.63 | ₹0.76 | ₹1.42 | ||
Derived — gross profit (revenue − materials − purchases − Δ inventories) | |||||||||||||
| 4,136 | 4,396 | 3,274 | 2,606 | 2,961 | 3,379 | 2,702 | 2,104 | 2,467 | 2,615 | 2,064 | 1,900 | ||
| 97.1% | 99.2% | 93.5% | 99.5% | 98.4% | 88.9% | 87.9% | 89.0% | 80.8% | 92.3% | 81.7% | 82.2% | ||
Adjusted (ex-exceptional items) — derived | |||||||||||||
| 856 | 1,190 | 596 | −124 | 375 | 956 | 576 | 307 | 539 | 675 | 427 | 307 | ||
| 0.0 | −2.0 | −108 | −11.0 | −83.0 | −17.0 | −166 | −16.0 | −97.0 | −47.0 | −80.0 | −100 | ||
| 747 | 985 | 610 | 13.0 | 727 | 837 | 501 | 490 | 606 | 663 | 371 | 323 | ||
| ₹4.00 | ₹5.06 | ₹2.76 | −₹0.99 | ₹3.88 | ₹4.33 | ₹1.65 | ₹3.02 | ₹1.84 | ₹2.77 | ₹0.91 | ₹1.79 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 3 Months Ending | Q3 FY24 31/12/2023 | Q4 FY24 31/03/2024 | Q1 FY25 30/06/2024 | Q2 FY25 30/09/2024 | Q3 FY25 31/12/2024 | Q4 FY25 31/03/2025 | Q1 FY26 30/06/2025 | Q2 FY26 30/09/2025 | Q3 FY26 31/12/2025 | Q4 FY26 31/03/2026 | Q1 FY27 30/06/2026 | Q2 FY27 30/09/2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,311.0 | 2,527.0 | 2,834.0 | 3,055.0 | 2,365.0 | 3,073.0 | 3,800.0 | 3,008.0 | 2,618.0 | 3,502.0 | 4,431.0 | 4,258.0 | |
| Other Income | 364.0 | 279.0 | 288.0 | 321.0 | 265.0 | 214.0 | 206.0 | 241.0 | 219.0 | 225.0 | 232.0 | 262.0 | |
| Total Income | 2,675.0 | 2,806.0 | 3,122.0 | 3,376.0 | 2,630.0 | 3,287.0 | 4,006.0 | 3,249.0 | 2,837.0 | 3,727.0 | 4,663.0 | 4,520.0 | |
| Expenses | |||||||||||||
| + Cost of Materials Consumed | 411.0 | 463.0 | 219.0 | 588.0 | 261.0 | 371.0 | 421.0 | 47.0 | 12.0 | 228.0 | 35.0 | 99.0 | |
| + Purchases of Stock-in-Trade | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23.0 | |
| + Employee Benefit Expense | 23.0 | 18.0 | 34.0 | 28.0 | 31.0 | 35.0 | 33.0 | 47.0 | 37.0 | 33.0 | 22.0 | 28.0 | |
| + Finance Costs | 1,242.0 | 1,206.0 | 1,440.0 | 1,369.0 | 944.0 | 1,368.0 | 1,525.0 | 1,635.0 | 1,698.0 | 1,626.0 | 2,001.0 | 2,119.0 | |
| + Depreciation & Amortisation | 481.0 | 497.0 | 593.0 | 618.0 | 615.0 | 663.0 | 767.0 | 834.0 | 886.0 | 885.0 | 1,026.0 | 1,084.0 | |
| + Other Expenses | 211.0 | 195.0 | 161.0 | 234.0 | 472.0 | 274.0 | 304.0 | 311.0 | 328.0 | 359.0 | 389.0 | 311.0 | |
| Total Expenses | 2,368.0 | 2,379.0 | 2,447.0 | 2,837.0 | 2,323.0 | 2,711.0 | 3,050.0 | 2,874.0 | 2,961.0 | 3,131.0 | 3,473.0 | 3,664.0 | |
| EBITDA | 1,666.0 | 1,851.0 | 2,420.0 | 2,205.0 | 1,601.0 | 2,393.0 | 3,042.0 | 2,603.0 | 2,241.0 | 2,882.0 | 3,985.0 | 3,797.0 | |
| EBIT | 1,185.0 | 1,354.0 | 1,827.0 | 1,587.0 | 986.0 | 1,730.0 | 2,275.0 | 1,769.0 | 1,355.0 | 1,997.0 | 2,959.0 | 2,713.0 | |
| Profit | |||||||||||||
| PBT before Exceptional Items | 307.0 | 427.0 | 675.0 | 539.0 | 307.0 | 576.0 | 956.0 | 375.0 | -124.0 | 596.0 | 1,190.0 | 856.0 | |
| + Exceptional Items | -100.0 | -80.0 | -47.0 | -97.0 | -16.0 | -166.0 | -17.0 | -83.0 | -11.0 | -108.0 | -2.0 | 0.0 | |
| Pretax Income | 207.0 | 347.0 | 628.0 | 442.0 | 291.0 | 410.0 | 939.0 | 292.0 | -135.0 | 488.0 | 1,188.0 | 856.0 | |
| + Current Tax | 31.0 | -74.0 | 57.0 | 7.0 | 6.0 | 98.0 | 94.0 | -24.0 | 54.0 | 68.0 | 49.0 | 71.0 | |
| + Deferred Tax | 37.0 | 156.0 | 122.0 | 19.0 | -115.0 | 20.0 | 138.0 | -213.0 | -91.0 | -12.0 | 214.0 | 120.0 | |
| Tax Expense | 68.0 | 82.0 | 179.0 | 26.0 | -109.0 | 118.0 | 232.0 | -237.0 | -37.0 | 56.0 | 263.0 | 191.0 | |
| + Share of Associates & JVs | 117.0 | 45.0 | 180.0 | 99.0 | 74.0 | 91.0 | 117.0 | 115.0 | 103.0 | 82.0 | 58.0 | 82.0 | |
| Net Income | 256.0 | 310.0 | 629.0 | 515.0 | 474.0 | 383.0 | 824.0 | 644.0 | 5.0 | 514.0 | 983.0 | 747.0 | |
| + Net Income — Continuing Ops | 139.0 | 265.0 | 449.0 | 416.0 | 400.0 | 292.0 | 707.0 | 529.0 | -98.0 | 432.0 | 925.0 | 665.0 | |
| + Other Comprehensive Income | 39.0 | 20.0 | 54.0 | 17.0 | 69.0 | -84.0 | -27.0 | 52.0 | 17.0 | 88.0 | -65.0 | 185.0 | |
| Total Comprehensive Income | 295.0 | 330.0 | 683.0 | 532.0 | 543.0 | 299.0 | 797.0 | 696.0 | 22.0 | 602.0 | 918.0 | 932.0 | |
| Net Income to Common | 256.0 | 150.0 | 446.0 | 276.0 | 492.0 | 230.0 | 713.0 | 583.0 | -41.0 | 397.0 | 845.0 | 673.0 | |
| Minority Interest | 0.0 | 160.0 | 183.0 | 239.0 | -18.0 | 153.0 | 111.0 | 61.0 | 46.0 | 117.0 | 138.0 | 74.0 | |
| Per Share | |||||||||||||
| Basic EPS | 1.42 | 0.76 | 2.63 | 1.56 | 2.92 | 1.26 | 4.26 | 3.44 | -0.38 | 2.33 | 5.05 | 4.00 | |
| Diluted EPS | 1.42 | 0.76 | 2.63 | 1.54 | 2.92 | 1.26 | 4.26 | 3.44 | -0.38 | 2.33 | 5.05 | 4.00 | |
| Other Comprehensive Income — detail | |||||||||||||
| + Other Comprehensive Income | — | — | — | — | — | -84.0 | -27.0 | 52.0 | 17.0 | 88.0 | -65.0 | 185.0 | |
| + Items NOT to be Reclassified to P&L | 1.0 | -2.0 | -3.0 | 5.0 | 0.0 | -3.0 | 0.0 | 1.0 | 1.0 | -2.0 | — | 6.0 | |
| + Tax on Items NOT to be Reclassified | — | — | — | — | — | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | |
| + Tax on Items NOT to be Reclassified — alt tag | 1.0 | -1.0 | -1.0 | 2.0 | 0.0 | — | — | — | — | — | — | — | |
| + Items to be Reclassified to P&L | 52.0 | 55.0 | 75.0 | 24.0 | 94.0 | -111.0 | -36.0 | 68.0 | 21.0 | 119.0 | -86.0 | 240.0 | |
| + Tax on Items to be Reclassified | — | — | — | — | — | -31.0 | -9.0 | 17.0 | 5.0 | 29.0 | -21.0 | 60.0 | |
| + Tax on Items to be Reclassified — alt tag | 13.0 | 34.0 | 19.0 | 10.0 | 25.0 | — | — | — | — | — | — | — | |
| Comprehensive Income — Owners of Parent | 295.0 | 163.0 | 495.0 | 273.0 | 563.0 | 162.0 | 691.0 | 619.0 | -26.0 | 469.0 | 791.0 | 836.0 | |
| Comprehensive Income — Non-controlling Interests | 0.0 | 167.0 | 188.0 | 259.0 | -20.0 | 137.0 | 106.0 | 77.0 | 48.0 | 133.0 | 127.0 | 96.0 | |
| Per Share — as-filed variants | |||||||||||||
| Basic EPS — Continuing Operations | 1.42 | 0.76 | 2.63 | 1.56 | 2.92 | 1.26 | 4.26 | 3.44 | -0.38 | 2.33 | 5.05 | 4.00 | |
| Diluted EPS — Continuing Operations | 1.42 | 0.76 | 2.63 | 1.54 | 2.92 | 1.26 | 4.26 | 3.44 | -0.38 | 2.33 | 5.05 | 4.00 | |
| Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories) | |||||||||||||
| Gross Profit | 1,900.0 | 2,064.0 | 2,615.0 | 2,467.0 | 2,104.0 | 2,702.0 | 3,379.0 | 2,961.0 | 2,606.0 | 3,274.0 | 4,396.0 | 4,136.0 | |
| Gross Margin % | 82.22 | 81.68 | 92.27 | 80.75 | 88.96 | 87.93 | 88.92 | 98.44 | 99.54 | 93.49 | 99.21 | 97.13 | |
| Adjusted (ex-Exceptional Items) — derived | |||||||||||||
| Pretax Income (Adjusted, as filed) | 307.0 | 427.0 | 675.0 | 539.0 | 307.0 | 576.0 | 956.0 | 375.0 | -124.0 | 596.0 | 1,190.0 | 856.0 | |
| − Exceptional Items (reconciliation) | -100.0 | -80.0 | -47.0 | -97.0 | -16.0 | -166.0 | -17.0 | -83.0 | -11.0 | -108.0 | -2.0 | 0.0 | |
| Net Income Adj (tax-effected) | 323.1 | 371.1 | 662.6 | 606.3 | 490.0 | 501.2 | 836.8 | 727.0 | 13.0 | 609.6 | 984.6 | 747.0 | |
| EPS Adj | 1.79 | 0.91 | 2.77 | 1.84 | 3.02 | 1.65 | 4.33 | 3.88 | -0.99 | 2.76 | 5.06 | 4.00 | |
| Other Filed Concepts — mapped but not yet placed in the schedule | |||||||||||||
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | |
| Paid Up Equity Capital | 1,584.0 | 1,584.0 | 1,584.0 | 1,584.0 | 1,584.0 | 1,584.0 | 1,625.0 | 1,647.0 | 1,647.0 | 1,647.0 | 1,647.0 | 1,647.0 | |
Filed with NSE on Wednesday, 21 October 2026 at 2:22 pm IST
Adani Green Energy (NSE: ADANIGREEN) reported its Q2 FY27 results (July–September 2026) on Wednesday, 21 October 2026 at 2:22 pm IST. Consolidated net profit attributable to shareholders was ₹673 crore, up 15.4% from ₹583 crore in Q2 FY26 and down 20.4% from ₹845 crore in Q1 FY27. Revenue from operations was ₹4,258 crore, up 41.6% year on year and down 3.9% from the previous quarter.
Consolidated net profit attributable to shareholders was ₹673 crore, up 15.4% from ₹583 crore in Q2 FY26 and down 20.4% from ₹845 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹747 crore.
Both grew from a year earlier: net profit was up 15.4% at ₹673 crore and revenue was up 41.6% at ₹4,258 crore. The operating margin was 63.7%, up 4.9 percentage points from 58.8% a year earlier. Against Q1 FY27, net profit was down 20.4% and revenue down 3.9%.
Adani Green's net profit margin was 15.8% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 19.4% in Q2 FY26 (down 3.6 percentage points). For FY26 as a whole it was 12.8%.
Revenue from operations was ₹4,258 crore, up 41.6% year on year and down 3.9% from the previous quarter.
Basic earnings per share were ₹4.00, against ₹3.44 in Q2 FY26.
Revenue from operations was ₹12,928 crore in FY26 (April 2025–March 2026), up 15.3% from ₹11,212 crore in FY25. It was ₹9,220 crore in FY24 and ₹7,792 crore in FY23: up 65.9% over three years, 18.4% a year on average.
Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹2,713 crore, a margin of 63.7%, against 66.8% in Q1 FY27 and 58.8% in Q2 FY26. EBITDA was ₹3,797 crore, 89.2% of revenue.
Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,518 crore, up 17.1% from ₹1,296 crore in the same months a year earlier. Revenue from operations was ₹8,689 crore, up 27.6%.
Consolidated net profit attributable to shareholders was ₹1,652 crore in FY26 (April 2025–March 2026), up 14.4% from ₹1,444 crore in FY25. It was ₹1,100 crore in FY24 and ₹974 crore in FY23: up 69.6% over three years, 19.3% a year on average.
Net profit attributable to shareholders by quarter: a loss of ₹41 crore in Q3 FY26, a profit of ₹397 crore in Q4 FY26, a profit of ₹845 crore in Q1 FY27 and a profit of ₹673 crore in Q2 FY27. That is a combined profit of ₹1,874 crore over the four quarters, down 7.1% from ₹2,018 crore in the four quarters before. Revenue from operations: ₹2,618 crore, ₹3,502 crore, ₹4,431 crore and ₹4,258 crore.
On Wednesday, 21 October 2026 at 2:22 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 28 October 2025.
Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.
From Adani Green Energy's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 21 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.
Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.