Adani Green Energy

Adani Green Energy delivered a strong Q4 FY26, with revenue up 22% YoYCurrent reported value: 22% YoY. No comparable prior figure is available in the source record. to ₹11,620 crore and EBITDA up 23%Current reported value: 23%. No comparable prior figure is available in the source record. to ₹10,865Current reported value: 10,865. No comparable prior figure is available in the source record. crore, achieving an industry-leading EBITDA margin of 91.2%Current reported value: 91.2%. No comparable prior figure is available in the source record.. Energy sales surged 34%Current reported value: 34%. No comparable prior figure is available in the source record. to 37.6 billion units, driven by record 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.. The company is on track for 50 GW by 2030, with a major push into battery storage—targeting 10 GWh of battery capacity addition in FY27 at a capex of ~₹15,000 crore. Management highlighted that curtailment and lower merchant realizations cost ~₹1,200-1,500 crore in EBITDA in FY26, but expect this to normalize as evacuation infrastructure improves and more capacity is tied to long-term PPAs. A key risk is that transmission constraints may persist, though battery storage acts as a hedge.