Adani Green Energy Ltd (AGEL), a key player in India’s renewable energy sector, reported a 42% year-on-year rise in energy sales for the first quarter of FY 2025-26 (April–June), reflecting strong operational and financial performance. Total energy sales for the quarter stood at 10,479 million units—surpassing the company’s entire annual energy sales recorded in FY 2021-22.
The company also posted a 31% year-on-year increase in revenue, reaching ₹3,312 crore during the quarter. EBITDA rose by 31% to ₹3,108 crore, while cash profit climbed 25% year-on-year to ₹1,744 crore.
AGEL attributed the strong growth to several factors, including the addition of 4.9 GW in greenfield renewable energy capacity over the past year, deployment of cutting-edge clean energy technologies, and optimized operations across high-resource regions such as Khavda in Gujarat and parts of Rajasthan.
Ashish Khanna, CEO of AGEL, commented, “In Q1 FY26, we commissioned 1.6 GW of new greenfield renewable capacity, contributing to a total of 4.9 GW added over the past year. This scale of expansion underscores our leadership in India’s clean energy transition. Our projects in Khavda and other high-resource zones are delivering strong operational metrics and industry-leading EBITDA margins.”
He further noted that AGEL remains firmly on course to achieve its 2030 target of 50 GW of renewable energy capacity, which includes at least 5 GW of hydro-pumped and battery storage. “Battery storage will be a crucial part of our strategy going forward,” he added. “We are committed to contributing to India’s energy transition goals while strengthening our ESG leadership, as reflected in our top ranking in the FTSE Russell ESG assessment and recent recognition at the Reuters Global Energy Transition Awards 2025.”
AGEL currently operates a renewable energy portfolio exceeding 15.8 GW across 12 Indian states, making it the country’s largest renewable energy developer. The company’s assets span utility-scale solar, wind, hybrid, and energy storage systems.
