Adani Green Energy LimitedQ2 FY27 Results & Financial Update
Adani Green Energy Limited: Q2 FY27 consolidated results and company financials – revenue ₹4,258.00 Cr, PAT ₹747.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Adani Green Energy price & chart
Market price₹1,185.10
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Adani Green Energy Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Adani Green Energy Limited reported consolidated financial results for the second quarter of fiscal 2027 (Q2 FY27), showcasing total revenue from operations of INR 4,258 crore and total income of INR 4,520 crore.
On a sequential basis, revenue from operations decreased by 3.90% from INR 4,431 crore recorded in the preceding quarter (Q1 FY27). Total income similarly moderated from INR 4,663 crore in Q1 FY27.
Profit before tax (PBT) for the quarter stood at INR 856 crore, reflecting a sequential moderation compared to INR 1,188 crore in the previous quarter.
Profit after tax (PAT) for Q2 FY27 was recorded at INR 747 crore, down 24.01% from INR 983 crore in Q1 FY27. This translated to a PAT margin of 17.54%, compared to 22.18% in the previous quarter.
Earnings per share (EPS) for the quarter came in at INR 4.00, compared to INR 5.05 in Q1 FY27.
Total expenses for the quarter were supported by depreciation and amortisation charges of INR 1,084 crore, tax expenses of INR 191 crore, and provisions amounting to INR 124 crore.
Other income contributed INR 262 crore to the consolidated financial results during the period under review, showing an increase from INR 232 crore in the preceding quarter.
01 · Business model
What does Adani Green Energy do?
Adani Green Energy Limited operates as a prominent renewable energy company in India, developing, building, owning, and maintaining utility-scale solar, wind, and hybrid power plants.
The company generates its core revenue primarily through long-term power purchase agreements (PPAs) entered into with central and state government entities, utilities, and corporate off-takers.
Its business model centers on scaling up generation capacity across high-irradiation and high-wind resource zones in India to deliver predictable, long-term cash flows from clean energy assets.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹4,258.00 Cr | ₹4,431.00 Cr |
| Total income | ₹4,520.00 Cr | ₹4,663.00 Cr |
| Profit before tax | ₹856.00 Cr | ₹1,188.00 Cr |
| Profit after tax | ₹747.00 Cr | ₹983.00 Cr |
| EPS | ₹4.00 | ₹5.05 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 17.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 20.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹262.00 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Reported consolidated revenue from operations stood at INR 4,258 crore for Q2 FY27, reflecting a sequential adjustment from INR 4,431 crore in Q1 FY27.
Total income reached INR 4,520 crore for the quarter, which includes revenue from operations alongside other income of INR 262 crore and interest income of INR 382 crore.
What drove margins
Depreciation and amortisation expenses were recorded at INR 1,084 crore for Q2 FY27, compared to INR 1,026 crore in the previous quarter.
Tax expense for the quarter stood at INR 1,910 crore, reflecting a decrease from INR 263 crore recorded in Q1 FY27.
The PAT margin for Q2 FY27 settled at 17.54%, compressing by approximately 464 basis points sequentially compared to 22.18% in Q1 FY27.
04 · Reported developments
What changed operationally
Other income increased sequentially by 12.93% to INR 262 crore in Q2 FY27 from INR 232 crore in Q1 FY27.
05 · Pressure points & risks
What is not going smoothly
Consolidated PAT declined by 24.01% sequentially from INR 983 crore in Q1 FY27 to INR 747 crore in Q2 FY27, alongside a compression in net profit margins.
06 · Items worth noticing
The line items that can distort a quick read
The company reported provisions of INR 124 crore for the quarter ended September 30, 2026.
07 · Previous-quarter changes
What changed since the previous quarter
Compared to Q1 FY27, Q2 FY27 revenue from operations moved from INR 4,431 crore to INR 4,258 crore, while PAT moved from INR 983 crore to INR 747 crore.
08 · Key Q&A
The quarter, answered directly
What does Adani Green Energy do?
Adani Green Energy Limited operates as a prominent renewable energy company in India, developing, building, owning, and maintaining utility-scale solar, wind, and hybrid power plants.
What is the clearest takeaway from Q2 FY27?
Adani Green Energy Limited reported consolidated financial results for the second quarter of fiscal 2027 (Q2 FY27), showcasing total revenue from operations of INR 4,258 crore and total income of INR 4,520 crore.
What drove revenue or demand?
Reported consolidated revenue from operations stood at INR 4,258 crore for Q2 FY27, reflecting a sequential adjustment from INR 4,431 crore in Q1 FY27.
What mattered most for margins or profitability?
Depreciation and amortisation expenses were recorded at INR 1,084 crore for Q2 FY27, compared to INR 1,026 crore in the previous quarter.
What are the main pressure points disclosed for the quarter?
Consolidated PAT declined by 24.01% sequentially from INR 983 crore in Q1 FY27 to INR 747 crore in Q2 FY27, alongside a compression in net profit margins.
What should the next disclosure help confirm?
Monitor upcoming quarterly disclosures to track revenue trends and operating margins across future reporting cycles.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Financial Performance: Monitor upcoming quarterly disclosures to track revenue trends and operating margins across future reporting cycles.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.