Adani Green Energy Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Adani Green Energy Ltd filed with BSE on 28 Apr 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Adani Green Energy reported FY26 results with energy sales up 34% year-on-year to 37.6 billion units and 5.1 gigawatt of greenfield capacity added during the year, taking cumulative operating capacity to 19.3 gigawatt. Revenue from power supply grew 22% to INR11,602 crores and EBITDA grew 23% to INR10,865 crores, with an EBITDA margin of 91.2%. Management also highlighted progress on the Khavda renewable energy park, including battery storage additions, and a new JCR BBB+ rating from Japan Credit Agency.
Numbers mentioned
Energy sales: 37.6 billion units (FY26)
p. 3
“Our energy sales surged by an impressive 34% on a Y-o-Year basis, reaching 37.6 billion units.”
Ashish Khanna, page 3 of the filed PDF · View the filing
Greenfield capacity added: 5.1 gigawatt (FY26)
p. 4
“During this year, we added 5.1 gigawatt, which is 35% on a Y-o-Y growth, and the cumulative capacity now stood at 19.3 gigawatt, which is our operating portfolio.”
Ashish Khanna, page 4 of the filed PDF · View the filing
Cumulative operating capacity: 19.3 gigawatt (FY26)
p. 4
“During this year, we added 5.1 gigawatt, which is 35% on a Y-o-Y growth, and the cumulative capacity now stood at 19.3 gigawatt, which is our operating portfolio.”
Ashish Khanna, page 4 of the filed PDF · View the filing
Revenue from power supply: INR11,602 crores (FY26)
p. 4
“Our revenue from power supply increased by 22% year-on-year basis to INR11,602 crores and EBITDA grew by 23% to INR10,865 crores.”
Ashish Khanna, page 4 of the filed PDF · View the filing
EBITDA: INR10,865 crores (FY26)
p. 4
“Our revenue from power supply increased by 22% year-on-year basis to INR11,602 crores and EBITDA grew by 23% to INR10,865 crores.”
Ashish Khanna, page 4 of the filed PDF · View the filing
EBITDA margin: 91.2% (FY26)
p. 4
“This EBITDA margin amounts to 91.2%.”
Ashish Khanna, page 4 of the filed PDF · View the filing
Khavda operational assets: 9.4 gigawatt
p. 4
“Notably, our landmark Khavda project, the world's largest renewable energy installation, continues to make a considerable progress with around 9.4 gigawatt of solar, wind, and hybrid assets already in operations, including our group capacities.”
Ashish Khanna, page 4 of the filed PDF · View the filing
Khavda battery capacity added: 1.4 gigawatt hour (FY26)
p. 4
“Within Khavda, we also added 1.4 gigawatt hour of battery capacity.”
Ashish Khanna, page 4 of the filed PDF · View the filing
ESG rating score: 87.3
p. 5
“we secured ESG 1+ rating from CareEdge with the highest score of 87.3 by any company in the country.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Current battery storage capacity: close to 3 gigawatt hour
p. 5
“We are already very close to a 3 gigawatt hour of a capacity as far as the battery storage is concerned, which is virtually equal to all the battery storage capacities in this country as we stand.”
Ashish Khanna, page 5 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Battery storage capacity in Khavda — 10 gigawatt hour · by end of this fiscal year
stated firmly by Ashish Khanna
p. 5
“Our plan is to add in the same rate and by the end of this year to add 10 gigawatt hour of storage capacities in Khavda.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Solar and wind capacity addition — 4.5 to 5.0 gigawatt · FY27
stated conditionally by Ashish Khanna
p. 5
“we are currently planning to add 4.5 to 5.0 gigawatt of our solar and wind capacity. However, it all matches out with the evacuation capacities which come up.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Pump hydro storage project at Chitravathi — 500 megawatt · this fiscal year
stated firmly by Ashish Khanna
p. 6
“the pump storage of 500 megawatt will also be coming in this fiscal year.”
Ashish Khanna, page 6 of the filed PDF · View the filing
Cumulative operating capacity — 50 gigawatt · by 2030
stated as an aspiration by Ashish Khanna
p. 5
“We at Adani Green Energy are committed to continue with our similar level of greenfield capacity additions going forward and are constantly strengthening our organizational and partnership ecosystem to achieve the goal of 50 gigawatt by 2030.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said battery storage was close to 3 GWh with a plan to reach 10 GWh by year-end, and solar/wind capacity addition of 4.5-5.0 GW was planned subject to evacuation constraints.
Answered by Ashish Khanna
Asked by Aayush Gulati: Asked about FY27 capex targets, greenfield capacity plans, Khavda battery capacity plans, and funding plans including average cost of debt and maturity.
p. 5
“With respect to overall capacity addition, we have already demonstrated that we are in a position to add anywhere close to 5 GW plus capacities.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Risks flagged
Evacuation and transmission constraints limiting capacity addition
p. 5
“However, in view of the evacuation constraints and how the market pans out with respect to transmission lines and further consumption at their end, we are currently planning to add 4.5 to 5.0 gigawatt of our solar and wind capacity.”
Ashish Khanna, page 5 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.