Adani Green Energy Limited — Quarter and year ended March 31, 2026
| Sr. No. | Particulars | 3 Months ended 31.03.2026 (Unaudited) (refer note 13) | 3 Months ended 31.12.2025 (Unaudited) | 3 Months ended 31.03.2025 (Unaudited) (refer note 13) | For the year ended 31.03.2026 (Audited) | For the year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| (a) Revenue from Operations | ||||||
| i. Power Supply | 3 | 1 | 2 | 10 | 10 | |
| ii. Sale of Goods / Equipments and related Services | 6,213 | 3,256 | 6,461 | 18,017 | 19,520 | |
| iii. Others (refer note 8) | 33 | 98 | (2) | 313 | 83 | |
| (b) Other Income | 355 | 281 | 314 | 1,120 | 1,136 | |
| Total Income | 6,604 | 3,636 | 6,775 | 19,460 | 20,749 | |
| 2 | Expenses | |||||
| (a) Cost of Equipments / Goods sold | 7,148 | 5,354 | 6,689 | 18,938 | 19,346 | |
| (b) Changes in inventories | (1,240) | (2,312) | (616) | (2,114) | (1,501) | |
| (c) Employee benefits expense (net) (refer note 9) | 19 | 28 | 18 | 106 | 79 | |
| (d) Finance Costs (net) | 355 | 317 | 368 | 1,332 | 1,749 | |
| (e) Depreciation and amortisation expense | 30 | 27 | 18 | 103 | 61 | |
| (f) Other Expenses (net) | 153 | 140 | 66 | 470 | 176 | |
| Total Expenses | 6,465 | 3,554 | 6,543 | 18,835 | 19,910 | |
| 3 | Profit before exceptional items and tax (1-2) | 139 | 82 | 232 | 625 | 839 |
| 4 | Exceptional Items (refer note 2) | (165) | (61) | (202) | (77) | |
| 5 | (Loss) / Profit before tax (3+4) | (26) | 82 | 171 | 423 | 762 |
| 6 | Tax Expense | |||||
| – Current Tax | – | – | – | – | – | |
| – Deferred Tax (Credit)/ Charge | (39) | (0) | 88 | (181) | 108 | |
| 7 | Profit after tax (5-6) | 13 | 82 | 83 | 604 | 654 |
| 8 | Other Comprehensive (Loss)/ Income | |||||
| Items that will not be reclassified to profit or loss in subsequent periods: | ||||||
| Remeasurement (Loss)/ Gain of defined benefit plans | (1) | (0) | (3) | 0 | (2) | |
| Add / Less: Income Tax Effect | 0 | 0 | 1 | (0) | 0 | |
| Items that will be reclassified to profit or loss in subsequent periods: | ||||||
| Effective portion of Gain on Cash Flow Hedges, net | – | – | 0 | – | 83 | |
| Add / Less: Income Tax Effect | – | – | (0) | – | (21) | |
| Total Other Comprehensive (Loss)/ Income (Net of tax) | (1) | (0) | (2) | 0 | 60 | |
| 9 | Total Comprehensive Income (Net of tax) (7+8) | 12 | 82 | 81 | 604 | 714 |
| 10 | Paid up Equity Share Capital (Face Value ₹ 10 per share) | 1,647 | 1,647 | 1,584 | 1,647 | 1,584 |
| 11 | Other Equity excluding Revaluation Reserves | 13,243 | 5,879 | |||
| 12 | Earnings Per Share (EPS) (₹) (Not annualised) (Face Value ₹ 10 per share) | |||||
| Basic and Diluted EPS (in ₹) | 0.07 | 0.49 | 0.45 | 3.59 | 3.74 |
| Particulars | As at 31st March, 2026 | As at 31st March, 2025 |
|---|---|---|
| ASSETS | ||
| Non – Current Assets | ||
| (a) Property, Plant and Equipment | 2,509 | 1,234 |
| (b) Right of Use Assets | 855 | 249 |
| (c) Capital Work In Progress | 938 | 668 |
| (d) Intangible Assets | 20 | 18 |
| (e) Intangible assets under development | 15 | 1 |
| (f) Financial Assets | ||
| (i) Investments | 28,995 | 23,722 |
| (ii) Loans | 3,762 | 2,250 |
| (iii) Other Financial Assets | 971 | 595 |
| (g) Non – Current Tax Assets (net) | 98 | 111 |
| (h) Deferred Tax Assets (net) | 417 | 236 |
| (i) Other Non – Current Assets | 228 | 157 |
| Total Non – Current Assets | 38,808 | 29,241 |
| Current Assets | ||
| (a) Inventories | 7,000 | 4,886 |
| (b) Financial Assets | ||
| (i) Investments | – | 25 |
| (ii) Trade Receivables | 2,654 | 4,396 |
| (iii) Cash and Cash Equivalents | 130 | 625 |
| (iv) Bank balances other than (iii) above | 129 | 313 |
| (v) Loans | 366 | 2 |
| (vi) Other Financial Assets | 703 | 876 |
| (c) Other Current Assets | 2,165 | 1,503 |
| Total Current Assets | 13,147 | 12,626 |
| Total Assets | 51,955 | 41,867 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity Share Capital | 1,647 | 1,584 |
| (b) Instrument entirely equity in nature | – | 749 |
| (c) Other Equity | 13,243 | 5,879 |
| Total Equity | 14,890 | 8,212 |
| Liabilities | ||
| Non – Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 10,366 | 12,781 |
| (1a) Lease Liabilities | 1,105 | 545 |
| (ii) Other Financial Liabilities | 618 | 471 |
| (b) Provisions | 33 | 31 |
| (c) Other Non-Current Liabilities | 3,405 | 1,643 |
| Total Non – Current Liabilities | 15,527 | 15,471 |
| Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 8,918 | 6,287 |
| (1a) Lease Liabilities | 64 | 38 |
| (ii) Suppliers’ Credit | 2,105 | 593 |
| (iii) Trade Payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 143 | 157 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 3,346 | 2,397 |
| (iv) Other Financial Liabilities | 506 | 434 |
| (b) Other Current Liabilities | 6,440 | 8,264 |
| (c) Provisions | 16 | 14 |
| Total Current Liabilities | 21,538 | 18,184 |
| Total Liabilities | 37,065 | 33,655 |
| Total Equity and Liabilities | 51,955 | 41,867 |
| Particulars | For the year ended 31st March, 2026 | For the year ended 31st March, 2025 |
|---|---|---|
| (A) Cash flows from operating activities | ||
| Profit before tax (after exceptional items): | 423 | 762 |
| Adjustment to reconcile the Profit before tax to net cash flows: | ||
| Interest Income | (554) | (575) |
| Net gain on sale/ fair valuation of investments measured at Fair Value through Profit and Loss | (129) | (123) |
| Liabilities no longer required Written back | (10) | (29) |
| Loss / (Profit) on sale / discard of Property, Plant and Equipment (net) | 6 | (0) |
| Provision for inventory obsolescence | 0 | |
| Amortisation of Financial Guarantee Obligation Income | (316) | (192) |
| Depreciation and amortisation expenses | 103 | 61 |
| Loss on derecognition of ROU due to sublease | 8 | 22 |
| Provision for Advances | 31 | – |
| Loss on Exceptional Items (other than Operating activities) | 202 | 77 |
| Finance Costs (including derivative costs) | 1,332 | 1,749 |
| Operating Profit before working capital changes | 1,096 | 1,752 |
| Working Capital Changes: | ||
| Increase / Decrease in Operating Assets | ||
| Inventories | (1,790) | (1,183) |
| Trade Receivables | 1,742 | (1,974) |
| Other Assets | (610) | (409) |
| Other Financial Assets | (350) | (89) |
| Increase / (Decrease) in Operating Liabilities | ||
| Suppliers’ Credit | 1,512 | 593 |
| Trade Payables | 966 | 1,123 |
| Provisions | 6 | (6) |
| Other Financial Liabilities | 157 | 2 |
| Other Liabilities | (42) | 774 |
| Net Working Capital Changes | 1,591 | (1,169) |
| Cash generated from operations | 2,687 | 583 |
| Add / Less : Income Tax Refund/ (Paid) (net) | 13 | (31) |
| Net cash generated from operating activities (A) | 2,700 | 552 |
| (B) Cash flows from investing activities | ||
| Payment made for acquisition of Property, Plant and Equipment and Intangible assets (including capital advances, capital creditors, capital work-in-progress and Intangible assets under development) | (1,487) | (1,382) |
| Proceeds from Sale of Property, Plant and Equipment | 7 | 13 |
| Payment made for Investment in Subsidiary Companies, including perpetual debt | (8,751) | (5,148) |
| Proceeds from Perpetual debt funds received back from Subsidiary Companies | 3,973 | 5,413 |
| Proceeds from Sale of / Payment made for (Investment in) units of Mutual Funds (net) | 35 | (8) |
| Payment made for fixed / margin money deposits placed with banks | (2,268) | (2,696) |
| Proceeds from fixed / margin money deposits Withdrawn from banks | 2,502 | 8,238 |
| Payment made for Loans given to related parties and others | (4,434) | (1,115) |
| Proceeds from Loans received back from related parties and others | 2,628 | 1,105 |
| Proceeds from Interest received | 334 | 161 |
| Net cash (used in) / generated from investing activities (B) | (7,461) | 4,581 |
| (C) Cash flows from financing activities | ||
| Funds received against share warrants (refer note 16 (v)) | 7,012 | – |
| Repayment towards redemption of Unsecured Perpetual Debt | (749) | – |
| Distribution to holders of Unsecured Perpetual Debt | (188) | – |
| Payment towards principal portion of Lease Liabilities | (109) | – |
| Proceeds from Non – Current borrowings | 2,344 | 11,011 |
| Repayment of Non – Current borrowings | (5,067) | (16,314) |
| Proceeds from Current borrowings (net) | 2,212 | 1,612 |
| Finance Costs Paid (including hedging cost and derivative (loss) on rollover and maturity (net)) | (1,112) | (1,168) |
| Interest paid on lease liabilities | (77) | (37) |
| Net cash generated from / (used in) financing activities (C) | 4,266 | (4,896) |
| Net (decrease) / increase in cash and cash equivalents (A)+(B)+(C) | (495) | 237 |
| Cash and cash equivalents at the beginning of the year | 625 | 388 |
| Cash and cash equivalents at the end of the year | 130 | 625 |
| Sr. No. | Particulars | 3 Months ended 31.03.2026 (Unaudited) (Refer note 18) | 3 Months ended 31.12.2025 (Unaudited) | 3 Months ended 31.03.2025 (Unaudited) (Refer note 18) | For the year ended 31.03.2026 (Audited) | For the year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| (a) Revenue from Operations | ||||||
| i. Power Supply | 3,094 | 2,420 | 2,666 |