Adani Green Shares Jump 10% After Strong Q2 Results: Profit, Revenue, and Capacity All on the Rise

Adani Green Energy Limited (AGEL), one of India’s biggest renewable energy companies, has posted another solid quarter. In the three months ended September 2025 (Q2 FY26), the company continued to grow its revenue and profits, thanks to rapid expansion of solar and wind capacity across the country.

Shares of Adani Green opened strongly today, trading more than 10% up as the market reacted to its quarterly results, a clear sign that investors are upbeat about what’s coming.

Revenue and Profit Performance

• Revenue from operations stood at ₹3,008 crore in Q2 FY26, a marginal rise from ₹3,005 crore reported in Q2 FY25.
• Net profit came in at ₹644 crore for the quarter, marking a 25% year-on-year increase from ₹515 crore in the same period last year.
• Revenue from the power supply business rose around 20% year-on-year to ₹2,776 crore, compared to ₹2,308 crore in Q2 FY25.
• Operating profit (EBITDA) for power supply business grew 19% to ₹2,543 crore.
• The company maintained a strong operating margin of about 90%, meaning for every ₹100 of revenue, roughly ₹90 was left before finance and tax costs.

Capacity Expansion Driving Growth

Adani Green’s results were powered by rapid expansion in renewable capacity. Over the past year, the company added 5,496 MW of new capacity, taking its total operational base to 16.7 GW, the largest in India. A big part of this growth came from the Khavda Renewable Energy Park in Gujarat, one of the world’s largest renewable projects, spread over 538 sq km (around five times the size of Paris). This mega project alone is expected to reach 30 GW by 2029.

Operational Highlights

• Solar plants ran at a Capacity Utilization Factor (CUF) of ~24.8%, a measure of how much available capacity was actually used.
• Wind assets delivered ~37.8% CUF. Hybrid plants (solar + wind) achieved ~39% CUF.
• Plant availability was very high (95-99 %), which means fewer outages and better output.
• These metrics matter because even if you build capacity, unless it’s efficiently used you won’t get full value.

Financial Strength and Debt Management

To fund new projects, AGEL uses long-term financing, reducing repayment risks. By the end of September 2025, its gross debt stood at ₹85,997 crore, but over 90% is long-term, meaning repayments are spread out across several years. The company continues to refinance older loans at lower interest rates, keeping its borrowing costs under control. For retail investors, keep an eye on how capex (spending on new projects) and debt servicing evolve, growth is good, but cost and risk must be controlled.

What It Means for Retail Investors

• A company with high margins, strong growth in capacity, and efficient operations is attractive provided risks are managed.
• The stock reacting more than 10% today suggests the market views these results as positive, a potential trigger for upward momentum.
• However, renewable energy companies like this one still face factors: project execution risk, interest/debt costs, regulatory/policy changes, and future demand for power.
• Thinking ahead: If you’re investing, ask yourself: “Is this company’s growth already priced in? What could go wrong? What could go right beyond today?”

Conclusion

Adani Green’s Q2 numbers highlight a business that’s scaling fast while maintaining strong profitability. With steady revenue growth, expanding renewable capacity, and efficient operations, the company continues to strengthen its position as India’s leading clean energy player. The sharp jump in the share price shows investors are rewarding this performance. Still, as the company grows, managing debt and executing large projects like Khavda on time will be crucial to sustaining long-term gains. For retail investors, Adani Green remains a high-growth story in India’s transition to renewable energy, one worth watching, but also one that requires patience and careful tracking.

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