Adani Green Energy Ltd on Friday reported a 34 per cent year-on-year rise in consolidated net profit at ₹514 crore for the March quarter, even as it booked exceptional charges, including a write-off related to its Sri Lanka project exit.

The renewable energy arm of the Adani Group recorded a ₹52-crore write-off during the quarter related to the withdrawal from a 434 MW wind power project in Mannar and Pooneryn in Sri Lanka, part of a series of one-off items that weighed on its full-year profitability.

Revenue growth during the quarter remained steady, with total income rising 14 per cent to ₹3,727 crore, while revenue from power supply increased 16 per cent to ₹3,094 crore, reflecting higher generation and improved plant performance. For the full year FY26, however, the company’s net profit declined marginally by 0.7 per cent to ₹1,987 crore, despite total income rising 11 per cent to ₹13,819 crore.

The muted annual performance was impacted by multiple exceptional items, including refinancing costs, project exits and liquidated damages. These included the Sri Lanka project write-off, ₹24 crore in liquidated damages paid for exiting a power purchase agreement, and ₹178 crore in one-time refinancing costs linked to prepayment of borrowings across subsidiaries.

Despite the drag from one-off items, the company’s core business remained robust, supported by rising generation, capacity additions and improved plant performance. Energy sales during the year rose sharply, increasing 34 per cent year-on-year to 37,567 million units, supported by significant capacity additions and strong operational execution.

The company added 5.1 GW of greenfield renewable energy capacity in FY26, taking its total operational portfolio to 19.3 GW, among the highest annual capacity additions globally outside China. Much of this expansion came from projects commissioned in resource-rich regions such as Khavda in Gujarat and Rajasthan.

Commenting on the performance, Executive Director Sagar Adani said FY26 marked a “landmark year” driven by strong execution and operational excellence, with continued progress at the Khavda renewable energy park.

On the storage front, the company installed 1,376 MWh of battery energy storage systems (BESS) capacity at Khavda, one of the largest single-location deployments globally, and is targeting over 10,000 MWh by FY27. It is also progressing on its pumped hydro storage project in Andhra Pradesh.

Published on April 24, 2026