Adani Green's profit nosedives, but clean energy growth shines
Adani Green Energy just saw its Q3 profit crash by almost 99%—dropping to ₹5 crore from ₹474 crore in the quarter ended December 2024.
The main culprit? Expenses shot up fast, eating into earnings even as the company's overall income grew a bit.
Rising costs hit hard
Finance costs rose to ₹1,698 crore from ₹1,251 crore year-on-year, an increase of about 36%, making it tough for AGEL to hold onto profits.
Even with total income ticking up 7.6%, those bigger bills really stung.
Big wins on the green energy front
Here's the upside: AGEL is still growing fast where it counts.
Energy sales jumped 37%, and they added a massive 5.6 GW of renewable capacity in 2026—making up 14% of all new solar and wind power in India this year.
So while profits took a hit, their clean energy game is only getting stronger.