Adani Green Energy Limited (ADANIGREEN) Q2 FY27 Financial Results: Revenue ₹4,280 Cr

{ "summary": "Adani Green Energy reported ₹4,280 crore revenue and ₹4,122 crore EBITDA for Q1 FY27, reflecting 30% YoY revenue growth and a 94% EBITDA margin, driven by 4.3 GWs capacity addition and 1.9 GW-hour battery expansion to reach 3.5 GW-hour total capacity, with INR8,800 crore capex up 41% YoY and 20 GW renewable capacity milestone achieved, while confirming 5-7% EBITDA impact from curtailment and 4 GWs contracted sales to Adani Energy under 25-year solar/wind PPAs and 15-year battery contracts, targeting 10 GW-hour battery capacity by FY26 and 50 GW-hour by FY30 with INR21,000 crore EBITDA target by FY27 and INR42,000 crore FY27 capex guidance, amid 7 GW transmission additions by September 2026 and standard insurance-backed battery warranties with no termination clauses in SECI PPAs and PPA coverage at 31% of annual requirement with 109-110% historical average, ensuring de-risked returns through contracted sales and ISTS waivers, "extractedFields": { "keyEvent": "Adani Green Energy reported Q1 FY27 results with 30% YoY revenue growth and 94% EBITDA margin, targeting 10 GW-hour battery capacity by FY26.", "whatChanged": "30% YoY revenue growth, 94% EBITDA margin, 4.3 GWs capacity addition, 1.9 GW-hour battery expansion, INR8,800 crore capex up 41% YoY, and 5-7% EBITDA curtailment impact.", "forwardGuidance": "INR21,000 crore EBITDA target by FY27, INR42,000 crore FY27 capex guidance, 10 GW-hour battery capacity target by FY26, and 50 GW-hour by FY30.", "investorTakeaway": "The company is scaling battery storage with contracted PPAs and low capex costs, supporting long-term EBITDA growth and de-risked returns.", "followUpQuestions": [ "What is the expected EBITDA contribution from battery storage by FY27?", "How will 7 GW transmission additions by September 2026 impact project evacuation?", "What is the projected revenue impact from 10 GW-hour battery capacity target by FY26?" ] }, "sentiment": "neutral" }