Q3 2026 Adani Green Energy Ltd Earnings Call Transcript
Key Points
- Adani Green Energy Ltd (BOM:541450) reported a 37% year-on-year increase in energy sales, reaching 27.6 billion units.
- The company's operational renewable energy capacity expanded by 48% year-on-year to 17.2 gigawatts.
- Revenue from power supply increased by 25% year-on-year to INR8,508 crore, with an EBITDA growth of 24% to INR792 crore.
- Adani Green Energy Ltd was named the world's number one green utility in the 2025 global top 100 green utilities ranking by Energy Intelligence.
- The company is on track to deploy one of the world's largest single-location battery energy storage projects and continues to advance its hydro pump storage project.
- Grid availability issues have impacted generation for solar, wind, and hybrid projects, causing delays in expected capacity augmentation.
- Revenue realization per unit has been affected by seasonality and subdued market pricing for merchant power.
- There is a concern about the impact of rising raw material costs, such as silver, on project economics.
- The company faces challenges with grid curtailment, particularly in new project areas like Khavda.
- Interest costs have increased due to capacity additions, although currency depreciation impact is hedged.
Ladies and gentlemen, good day, and welcome to 3Q and nine month FY26 earnings conference call of Adani Green Energy Limited, hosted by ICICI Securities Limited. (Operator Instructions)
I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you, and over to you, sir.
Thank you, Dennis. Good evening. On behalf of ICICI Securities, I welcome you all to the Q3 and nine months FY26 earnings conference call of Adani Green Energy. We have with us senior management on the call. We'll start with a brief remarks on the results followed by Q&A.
I will now hand over the call to Viral, Head, Investor Relations for the introduction of the management and the opening remarks. Over to you, Viral.
Thank you, Mohit. Good afternoon, everyone. We are pleased to present the results for nine months FY26. Welcome all the participants to our earnings call. I hope you would have had the
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