Transmission and evacuation constraints
Curtailment cost ₹1,200-1,500 crore in FY26; management expects improvement but admits risks persist.
high · management_commentary
Adani Green Energy Ltd — Q4 FY26
Adani Green Energy delivered a strong Q4 FY26, with revenue up 22% YoY to ₹11,620 crore and EBITDA up 23% to ₹10,865 crore, achieving an industry-leading EBITDA margin of 91.2%.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Merchant power price volatility
Lower realizations on infirm power contributed to EBITDA loss; conversion to PPAs may be delayed.
medium · analyst_questionExecution risk on battery storage ramp-up
Targeting 10 GWh battery addition in FY27; supply chain and capital flexibility are key sensitivities.
medium · management_commentaryRegulatory and policy uncertainty
ISTS benefit changes and evolving discom contract structures could impact project economics.
medium · analyst_question