Adani Green Energy Q4 FY26 Earnings Call Transcript Released
Adani Green Energy released its Q4 FY26 earnings call transcript. The company added 5.1 GW capacity, reaching 19.3 GW operating portfolio, on track for 50 GW by 2030. Revenue rose 22% to ₹11,602 crore, EBITDA grew 23% to ₹10,865 crore. Plans include 10 GWh battery storage by FY27 and 14-15 GW evacuation capacity in Khavda within 15 months. Capex guidance is ₹40,000-42,000 crore.
The announcement details significant financial results, operational achievements, future growth plans, and strategic initiatives like battery storage expansion. These are material events for investors and the company's market position.
The company reported strong financial and operational performance, including significant capacity additions and revenue/EBITDA growth. Positive outlook on future targets and mitigation strategies for potential issues like curtailment contribute to a positive sentiment.
Adani Green Energy Limited has released the transcript of its earnings call held on April 24, 2026, concerning the audited financial results for the quarter and year ended March 31, 2026. The call featured key management personnel including Sagar Adani (Executive Director), Ashish Khanna (CEO), Rajat Seksaria (CEO, Battery Storage), Saurabh Shah (CFO), and Vijil Jain (Head, Investor Relations).
During the call, management highlighted significant achievements, including a 34% year-on-year surge in energy sales to 37.6 billion units and a 35% year-on-year growth in capacity addition, reaching 5.1 gigawatts, bringing the cumulative operating portfolio to 19.3 gigawatts. This positions Adani Green firmly on track to achieve its target of 50 gigawatts by 2030. The company also made considerable progress on its Khavda project, with 9.4 gigawatts of operational assets and the addition of 1.4 gigawatt-hours of battery capacity. A maiden 500-megawatt pumped hydro project in Andhra Pradesh is also slated for completion in the coming year.
Financially, revenue from power supply increased by 22% year-on-year to ₹11,602 crore, with EBITDA growing by 23% to ₹10,865 crore, maintaining a strong EBITDA margin of 91.2%. A significant development was the assignment of an inaugural rating of BBB+ with a stable outlook by a Japanese credit rating agency, mirroring India's sovereign credit rating. The company also noted that its 19.3 gigawatt operating portfolio powers over 8.7 million homes and avoids approximately 36 million tons of CO2 emissions annually.
Discussions also covered the expansion of battery storage systems (BESS), with plans to reach 10 gigawatt-hours by FY27, funded at approximately ₹1.5 crore per megawatt-hour, yielding an estimated EBITDA of ₹25 lakh per megawatt-hour. Management addressed potential EBITDA losses due to curtailment, estimating ₹500 crore in FY26 and a further ₹800-1,000 crore from lower merchant realizations, totaling ₹1,300-1,500 crore. However, they expressed confidence that such losses are not expected to recur. The company anticipates commissioning 4.5 to 5 gigawatts of new capacity in the upcoming fiscal year, primarily limited by transmission and evacuation constraints, which are being mitigated by aggressive battery storage additions. Around 14-15 gigawatts of additional evacuation capacity is expected to open up in Khavda over the next 12-15 months. The company's capital expenditure guidance for the year is around ₹40,000 to ₹42,000 crore.
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Adani Green Energy Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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