Adani Green Energy reported a nearly 16% rise in consolidated profit for the quarter ended September 30, supported by stronger power sales and higher revenue across its renewable energy business.
The company posted a profit of ₹747 crore for the quarter, compared with ₹644 crore a year earlier. Revenue from power supply rose 45% to ₹4,019 crore, while overall revenue increased more than 39% to ₹4,520 crore.
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Power Sales Drive Profit Growth
Adani Green said energy sales increased 33% during the quarter, helping lift revenue from its power supply business.
The company operates across solar, wind and hybrid renewable energy segments in India. Its operational renewable capacity stood at 20.8 gigawatts at the end of September, up 24% from a year earlier.
During the period, the company added 4.08 GW of solar, wind and hybrid capacity.
Battery Storage Capacity Expands at Khavda
Adani Green also expanded its battery energy storage operations during the quarter.
The company installed 3.08 GWh of battery storage capacity at its Khavda site in Gujarat, taking its total operational storage capacity to 6.63 GWh.
Adani Green said it could exceed its full-year outlook of 10 gigawatt-hours of battery energy storage capacity.
Company Targets 50 GW by 2030
Adani Green has set a target of reaching 50 GW of renewable energy capacity by 2030.
The expansion comes as India continues to increase renewable energy capacity as part of its broader goal of achieving 500 GW of non-fossil fuel capacity by 2030.
With higher power sales, rising operational capacity and continued investment in battery storage, the company’s latest quarterly results reflect continued growth across its renewable energy portfolio.
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