New Delhi, Oct. 21 -- Adani Green Energy on Wednesday reported a 16 per cent year-on-year rise in consolidated net profit to Rs 747 crore in the September quarter, boosted by strong revenue growth in the power supply business.
The Adani Group firm had posted a net profit of Rs 644 crore in the second quarter of the preceding financial year. In an exchange filing, Adani Green Energy Ltd (AGEL) said that its total income rose by 39 per cent to Rs 4,520 crore during July-September, compared to Rs 3,249 crore in the same period a year ago.
The share of power supply business in the total income stood at Rs 4,019 crore, up 45 per cent compared to Rs 2,776 crore in Q2 FY26.
In a separate statement, AGEL said its cash profit increased by 45 per cent YoY to Rs 1,348 crore in Q2 FY27, from Rs 1,951 crore in the year-ago period.
"The growth in revenue and Ebitda is driven by consistent capacity expansion, deployment of advanced RE technologies and strong operating performance across all our sites," AGEL said.
The sale of energy increased by 32 per cent YoY to 25,747 million units in H1 FY27, backed by robust capacity addition of 4,083 MW, which grew by 24 per cent YoY.
Installed BESS (battery storage) capacity of 3,081 MWh in Khavda, Gujarat, in Q2 FY27 helped to reach total capacity of 6,632 MWh, which accounts for more than 50 per cent of India's operational BESS capacity, the company said. This capacity also makes it the world's largest single-location BESS deployment. With robust capacity addition in battery storage so far, AGEL is likely to surpass 10 GWh of BESS capacity guidance in FY27.
Ashish Khanna, CEO, Adani Green Energy, said that the company has achieved a significant milestone in energy storage.
Published by HT Digital Content Services with permission from Millennium Post.