Adani Green Energy Limited reported earnings results for the third quarter and nine months ended December 31, 2025. For the third quarter, the company reported sales was INR 24,330 million compared to INR 22,610 million a year ago. Revenue was INR 28,370 million compared to INR 26,360 million a year ago. Net loss was INR 410 million compared to net income of INR 4,920 million a year ago. Basic loss per share from continuing operations was INR 0.38 compared to basic earnings per share from continuing operations of INR 2.92 a year ago. Diluted loss per share from continuing operations was INR 38 compared to diluted earnings per share from continuing operations of INR 2.92 a year ago.
For the nine months, sales was INR 89,980 million compared to INR 79,960 million a year ago. Revenue was INR 100,920 million compared to INR 91,440 million a year ago. Net income was INR 12,550 million compared to INR 12,140 million a year ago. Basic earnings per share from continuing operations was INR 7.32 compared to INR 7.11 a year ago. Diluted earnings per share from continuing operations was INR 7.32 compared to INR 7.11 a year ago.
Adani Green Energy Limited is an India-based renewable energy company. The Company has a presence across 12 states of India, focusing on solar, wind and hybrid (solar wind) renewable power generation. It operates through two segments: renewable power generation and other related ancillary activities and sale of solar power equipments. The sale of solar power equipments segment comprises of an associate, Mundra Solar Energy Limited. The Company sells renewable power generated from its projects under a combination of long-term power purchase agreements (PPA) and on merchant basis and other ancillary activities. It is also developing solar park at khavda, Gujarat over 19,000 hectares and subleased 6,129 hectares land to its subsidiaries including step down subsidiaries and other related parties. Its locked-in renewable energy portfolio stands at approximately 21,953 megawatt (MW) (10,934 MW operational and 11,019 MW under execution) and another 500 MW of hydro pumped storage project.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
