Q2: Adani Green Reports 25% Surge in PAT, Revenue Dips

According to the latest announcement, the company reported a 25% year-on-year (YoY) increase in its Profit After Tax (PAT), even as its revenue declined marginally.

Renewable energy developer Adani Green Energy Limited (AGEL) has released its financial results for the second quarter (Q2) of the financial year 2025–26. According to the latest announcement, the company reported a 25% year-on-year (YoY) increase in its Profit After Tax (PAT), even as its revenue declined marginally.

As per the balance sheet submitted to the exchanges, the company posted a PAT of ₹644 crore in Q2 FY26, compared to ₹515 crore in Q2 FY25. However, on a quarter-on-quarter (QoQ) basis, PAT fell sharply. The company, which had reported a PAT of ₹824 crore in Q1 FY26, saw its net profit decline by 22% in the latest quarter.

On the revenue front, the consolidated statement showed that total income stood at ₹3,249 crore in Q2 FY26, lower than both the previous year’s Q2 and the preceding Q1. On a YoY basis, total income slipped by a modest 3.5%, while on a QoQ basis, it dropped by 18.8%.

In terms of expenses, the company reported slightly higher costs, mainly due to increased finance expenses and depreciation & amortization charges.