Adani Green Energy / Q4-FY25

Read the quarter in context.

A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

Positive2025-04-01Back to ADANIGREEN

Revenue

₹3,073 Cr

verified against source

Revenue YoY

23%

reported change

EBITDA

₹8,818 Cr

latest reported figure

Source

screener in

record provenance

Actual signal trajectory

Where this quarter sits.

source records only
EBITDA (₹ Cr)PositiveWatchNegative
11 actual records
Actual quarterly EBITDA (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q2 FY24: 3,775 · Positive source sentiment · 2023-10-31Q2 FY24Q3 FY24: 5,412 · Positive source sentiment · 2024-01-15Q3 FY24Q4 FY24: 7,222 · Positive source sentiment · 2024-04-30Q4 FY24Q1 FY25: 2,374 · Positive source sentiment · 2024-07-25Q1 FY25Q2 FY25: 4,518 · Positive source sentiment · 2024-10-28Q2 FY25Q3 FY25: 6,366 · Positive source sentiment · 2025-02-07Q3 FY25Q4 FY25: 8,818 · Positive source sentiment · 2025-04-01Q4 FY25Q1 FY26: 3,108 · Positive source sentiment · 2025-08-01Q1 FY26Q2 FY26: 5,651 · Positive source sentiment · 2025-10-30Q2 FY26Q3 FY26: 7,921 · Watch source sentiment · 2026-02-10Q3 FY26Q4 FY26: 10,865 · Positive source sentiment · 2026-04-30Q4 FY2610,8652,374
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Adani Green Energy delivered a strong FY25, with revenue from power supply growing 23% YoY to INR 9,495 crore and EBITDA rising 22% to INR 8,818 crore, surpassing $1 billion in EBITDA. Energy sales increased 28% to 28 billion units, driven by record capacity addition of 3,309 MW, the highest by any Indian renewable company. The Khavda project operationalized over 4 GW, achieving 32.4% solar PLF in Q4. Management guided for 5 GW addition in FY26 with a CapEx of INR 31,000 crore, fully funded. The 50 GW target by 2030 is fully equity-funded post warrant conversion. Risks include DOJ/SEC case uncertainties and potential execution delays at Khavda.

Colored figures show movement against the previous available record.

Guidance to track

  • Management targets adding 5 GW of operational capacity in FY2026, with a total CapEx of INR 31,000 crore.
  • Post full conversion of warrants, equity funding for the 50 GW target is fully secured; debt funding is being arranged progressively.
  • The 500 MW pumped storage plant at Chitravathi is expected to be commissioned by September 2027.

Risks flagged

  • The ongoing DOJ and SEC cases against individuals (not the company) remain unresolved; management provided no update on hearings or progress.
  • Scaling Khavda to 30 GW by 2029 involves significant execution challenges; any delays could impact capacity addition targets.
  • While equity is funded, debt for the full 50 GW target is not yet tied up; management only has visibility for 1-1.5 years.

Key quotes

  • We have done more than double than anyone else or any other developer in this country.
  • We are well on track now to complete 30 GW from Khavda by 2029.
  • From a DOJ standpoint, like I said, it's all quite going forth. The allegations are there. I think we should be seeing the positive results on it too from the individual standpoint.

Research modules

Go one layer deeper.

TranscriptRisk registerPromise ledgerClaim ledgerReality check