{"id":16200,"date":"2025-07-28T16:47:45","date_gmt":"2025-07-28T11:17:45","guid":{"rendered":"http:\/\/43.205.138.160\/?post_type=article&p=16200"},"modified":"2025-07-28T16:47:45","modified_gmt":"2025-07-28T11:17:45","slug":"%f0%9f%93%8a-adani-green-q1-fy26-review-capacity-surge-margin-strength-profit-up-31","status":"publish","type":"article","link":"https:\/\/signalz.pro\/article\/%f0%9f%93%8a-adani-green-q1-fy26-review-capacity-surge-margin-strength-profit-up-31\/","title":{"rendered":"\ud83d\udcca Adani Green Q1 FY26 Review \u2014 Capacity Surge, Margin Strength, Profit Up 31%."},"content":{"rendered":"

\ud83e\uddfe Let\u2019s review the quarterly result<\/p>\n

\u26a1 Revenue Jumps on Power Supply Surge.
\nAdani Green reported consolidated revenue of \u20b94,006 crore for Q1 FY26, up 29 percent YoY from \u20b93,112 crore in the same quarter last year.
\nThe bulk of revenue came from power supply at \u20b93,312 crore, which rose significantly on the back of new capacity additions and higher plant load factors.<\/p>\n

Revenue from equipment and services also grew to \u20b9429 crore compared to \u20b9224 crore in Q1 FY25, showing a sharp uptick in EPC execution.<\/p>\n

\ud83d\udcb0 Other Income Softens, But Still Significant. Other income stood at \u20b9206 crore vs \u20b9318 crore YoY. While it declined, it remains a meaningful contributor, mainly due to internal treasury operations and government-linked incentives.<\/p>\n

\ud83d\udcc9 Expenses Rise, But EBITDA Supports Bottom Line.<\/p>\n

Total expenses came in at \u20b93,050 crore, higher than \u20b92,437 crore YoY. Key cost contributors were:<\/p>\n

* Finance cost of \u20b91,525 crore (up 7 percent YoY), reflecting debt-backed expansion
\n* Depreciation and amortization at \u20b9767 crore vs \u20b9596 crore last year
\n* Other expenses at \u20b9304 crore, which included asset maintenance and site opex<\/p>\n

Despite cost inflation, operating leverage helped deliver a strong EBITDA of \u20b91,750 crore approximately.<\/p>\n

\ud83d\udcc8 Profit Up 31 Percent YoY.<\/p>\n

Profit before tax and share of JV\/Associates stood at \u20b9939 crore vs \u20b9628 crore last year, reflecting 49 percent growth.<\/p>\n

After accounting for taxes and JV profit share, **net profit for the quarter came in at \u20b9824 crore**, up from \u20b9629 crore in Q1 FY25 \u2014 marking a **31 percent jump**.<\/p>\n

Out of this, \u20b9713 crore is attributable to equity holders, and \u20b9111 crore to non-controlling interest.<\/p>\n

\ud83d\udcca Margins Hold Despite High Finance Cost.<\/p>\n

The company continues to manage spreads well even as interest burden remains heavy due to aggressive capex over past 3 years.
\nNet profit margin for the quarter stood at around 20.5 percent, supported by scale and execution efficiency.<\/p>\n

\ud83d\udce6 Exceptional Items and Clean-Up
\nExceptional items for the quarter were \u20b917 crore, related to project restructuring and write-offs. The number is far lower than \u20b947 crore in Q1 FY25 and \u20b9166 crore in Q4 FY25.<\/p>\n

\ud83d\udccc Final Word
\nAdani Green Energy has delivered another high-energy quarter with revenue growth across power supply and EPC streams.
\nDespite rising finance costs and execution headwinds, profit grew over 30 percent \u2014 supported by new operational capacity, strong JV performance, and stable tax outflow.<\/p>\n

Cash flow sustainability remains key, but strong equity base and long-term PPAs offer continued visibility.<\/p>\n

\u26a0\ufe0f Key Risk Factors to Watch<\/p>\n

High leverage and interest exposure:
\nDespite growth, finance cost remains elevated and the company has a low interest coverage ratio. Any funding stress or rise in rates could impact margins.<\/p>\n

Governance and regulatory risk:
\nU.S. indictment of Adani group executives and allegations of corruption pose reputational and funding access risks, possibly affecting international financing.<\/p>\n

Equity dilution risk:
\nAggressive capacity expansion requires fresh equity and debt. Frequent capital raises may dilute shareholder value. Weak ROI trends (~13%) may add to concerns.<\/p>\n

Market volatility and valuation pressure:
\nTrading at a high multiple and close to 52-week lows indicates elevated volatility and limited buffer to negative surprises.<\/p>\n

\ud83d\udcc9 Technical Analysis (As of July 28, 2025)<\/p>\n

Closing price on NSE: \u20b91,003.9 \u2014 stock rose nearly 3% on result day<\/p>\n

The stock is moving in a trading range between \u20b9980 and \u20b91,045 over the past few months, with support near \u20b9980 and resistance around \u20b91,040.<\/p>\n

There was significant volume activity today driven by the Q1 result announcement.<\/p>\n

RSI is neutral around mid\u201150 range, showing no clear directional bias<\/p>\n

\ud83d\udccc Trading View
\nNear-term traders can look for a break above \u20b91,040 with volume as a buy trigger.<\/p>\n

Disclaimer :- The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.<\/p>\n

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