Adani Green Profit Surge Triggers Stock Rally – Analysts See More Upside Ahead
India’s renewable energy bellwether Adani Green delivered a solid quarterly performance. Net profit jumped about 25% year-on-year to ₹644 crore in Q2 FY26, up from ₹515 crore a year agohindustantimes.com. This surge came despite total income being largely flat – revenue from operations was ₹3,008 crore versus ₹3,005 crore in Q2 last yearhindustantimes.com. The top-line was steady, but the quality of revenue improved: income from the core power supply business rose 20% to ₹2,776 crorebusinesstoday.in, supported by new capacity additions and higher utilization of renewable plants. The company’s EBITDA from power supply grew 19% as well, reflecting healthy marginsbusiness-standard.com. According to an exchange filing, robust greenfield capacity additions and improved performance at new plants in resource-rich sites like Khavda and Rajasthan drove the growth in revenue and earningsbusinesstoday.in. While operational revenue grew, total quarterly income actually dipped ~4% to ₹3,249 croremoneycontrol.com, possibly due to lower other income. Still, profitability improved markedly. Adani Green’s management noted that cash profit rose 8% YoY to ₹1,349 croremoneycontrol.com, indicating stronger cash generation. Notably, the firm’s solar and wind plants saw high utilization – the solar portfolio’s capacity utilization factor stood at 24.8% and wind at 37.8%, which the company considers robustreuters.com. Overall, the quarter’s
