Ahmedabad: Adani Green Energy Limited, the renewable energy arm of ports-to-power conglomerate Adani Group, posted a standalone profit after tax of Rs 33 crore in the July-Sept quarter of FY 2027. The company’s profit fell 93% year-on-year, compared with Rs 475 crore in the corresponding period last year.The company reported a standalone loss of Rs 18 crore for the first half of FY27, against a profit of Rs 509 crore in the year-ago period, according to its unaudited financial results released by the company in a stock exchange filing on Tuesday.Standalone revenue from operations rose to Rs 7,890 crore in Q2 FY27 from Rs 3,947 crore a year earlier. Total expenses more than doubled to Rs 8,159 crore from Rs 3,867 crore, limiting profit before tax to Rs 22 crore against Rs 331 crore in the corresponding quarter last year. For H1 FY27, standalone revenue from operations increased to Rs 14,096 crore from Rs 8,736 crore. Total expenses, however, climbed to Rs 14,717 crore from Rs 8,110 crore, resulting in a loss before tax of Rs 64 crore against a profit of Rs 367 crore a year earlier.The standalone results contrast with the company’s renewable energy business performance. Adani Green’s energy sales increased 32% year-on-year to 25,747 million units in H1 FY27, while operational renewable energy capacity grew 24% to 20.8GW.Revenue from power supply rose 36% to Rs 8,299 crore in H1, while earnings before interest, taxes, depreciation and amortisation (EBITDA) from power supply increased 41% to Rs 7,957 crore. In Q2, revenue from power supply grew 45% to Rs 4,019 crore and EBITDA rose 51% to Rs 3,835 crore.The company added 4,083MW of renewable energy capacity during the first half. It also added 3,081MWh of battery energy storage capacity at Khavda in Q2, taking its cumulative operational storage capacity to 6,632MWh.Adani Green invested Rs 17,160 crore in capital expenditure during H1 FY27, up 38% year-on-year. Its net debt-to-run-rate EBITDA ratio stood at 5.6 times. The company is developing a 30GW renewable energy plant at Khavda in Gujarat and is targeting 50GW of operational renewable energy capacity by 2030.
