Adani Green Energy's Q3 FY26 Earnings Results: Revenue up by 7.6% YoY

Adani Green Energy Limited has reported its financial results for Q3 FY26, showcasing a notable increase in revenue from power supply, yet experiencing a significant decline in net profit compared to the same period last year. 

Adani Green Energy Q3FY26 Earnings Results 

In Q3 FY26, Adani Green's revenue from power supply increased by 21.4% year-on-year (YoY) to ₹2,420 crore, up from ₹1,993 crore in the previous year. However, this figure represents a 12.8% decline quarter-on-quarter (QoQ) from ₹2,776 crore in the September 2025 quarter. This growth in YoY revenue highlights the company's expanding capacity and increased power generation capabilities. 

Adani Green Energy Consolidated Total Income Performance 

The company's consolidated total income for the December 2025 quarter rose by 7.6% YoY to ₹2,837 crore, compared to ₹2,636 crore a year ago. This was a decrease of 12.7% QoQ from ₹3,249 crore in the September 2025 quarter. The YoY increase in total income indicates a steady growth trajectory, despite the QoQ decline. 

Adani Green Energy Net Profit Decline 

Adani Green's net profit for Q3 FY26 plunged by 98.9% YoY to ₹5 crore, down from ₹474 crore in the same period last year. This also marks a 99.2% decrease QoQ from ₹644 crore in the September 2025 quarter. The sharp decline in net profit is a significant point of concern, reflecting increased operational costs or other financial challenges. 

Read More: Adani Group Stock Holdings in Q3 FY26: LIC, GQG, FIIs and Mutual Funds Adjust Positions! 

Adani Green Energy 9M FY26 Financial Overview 

For the 9 months ending December 2025, Adani Green's power supply revenue surged by 24.6% YoY to ₹8,508 crore, up from ₹6,829 crore. Meanwhile, the total income grew by 10.4% YoY to ₹10,092 crore, compared to ₹9,144 crore in the previous year.  

However, profit after tax for the same period decreased by 8.96% YoY to ₹1,473 crore from ₹1,618 crore, indicating pressure on profitability despite revenue growth. 

Adani Green Energy Share Price Performance 

As of January 23, 2026, at 6:16 PM, Adani Green Energy share price on NSE was closed at ₹772.80 down by 14.54% from the previous closing price. 

Conclusion 

Adani Green's Q3 FY26 results demonstrate a robust increase in revenue from power supply and total income on a YoY basis, though the company faced challenges with a substantial drop in net profit. The financial performance over the 9-month period reflects growth in revenue but also highlights the need to address profitability concerns. 

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