Adani Green Energy

Adani Green Energy reported a strong Q4 FY26 with revenue from power supply up 22% YoYCurrent 22% vs previous available quarter 25%. to INR 11,602 crore and EBITDA up 23% YoYCurrent reported value: 23% YoY. No comparable prior figure is available in the source record. to INR 10,865Current 10,865 crore vs previous available quarter 7,921 crore. crore, achieving an EBITDA margin of 91.2%Current reported value: EBITDA margin of 91.2%. No comparable prior figure is available in the source record.. The stellar performance was driven by record greenfield capacity addition of 5.1 GWCurrent reported value: 5.1 GW. No comparable prior figure is available in the source record. in FY26, taking the operating portfolio to 19.3 GWCurrent 19.3 GW. Reported change: +35% YoY., led by the Khavda project (9.4 GWCurrent 9.4 GW. Reported change: N/A. operational). Energy sales surged 34% to 37.6 billion unitsCurrent 37.6 billion units. Reported change: +34% YoY.. Management guided for 4.5-5 GW capacity addition in FY27, with a major push on battery storage (10 GWhCurrent 10 GWh. Reported change: N/A. planned) to mitigate curtailment risks. The company lost an estimated INR 1,200-1,500 crore in EBITDA due to curtailment and lower merchant realizations, but expects this to normalize as more capacity is tied to long-term PPAs. Key risk: transmission evacuation constraints could persist, impacting new capacity utilization.