| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,220 | 2,311 | 2,527 | 2,794 | 3,005 | 2,340 | 3,073 | 3,800 | 3,008 | 2,618 | 3,502 | 4,431 | |
Growth YoY Revenue Growth YoY% | 40.1 | 17.3 | -2.7 | 29.2 | 35.4 | 1.3 | 21.6 | 36.0 | 0.1 | 11.9 | 14.0 | 16.6 |
| 521 | 645 | 693 | 415 | 788 | 460 | 671 | 758 | 405 | 377 | 620 | 446 | |
| 1,699 | 1,666 | 1,834 | 2,379 | 2,217 | 1,880 | 2,402 | 3,042 | 2,603 | 2,241 | 2,882 | 3,985 | |
OPM OPM% | 76.5 | 72.1 | 72.6 | 85.2 | 73.8 | 80.3 | 78.2 | 80.0 | 86.5 | 85.6 | 82.3 | 89.9 |
| 353 | 264 | 234 | 271 | 294 | 280 | 39 | 189 | 158 | 208 | 117 | 230 | |
Interest Expense Interest ExpenseCr | 1,165 | 1,242 | 1,224 | 1,426 | 1,448 | 1,251 | 1,368 | 1,525 | 1,635 | 1,698 | 1,626 | 2,001 |
Depreciation DepreciationCr | 474 | 481 | 497 | 596 | 621 | 618 | 663 | 767 | 834 | 886 | 885 | 1,026 |
PBT PBTCr | 413 | 207 | 347 | 628 | 442 | 291 | 410 | 939 | 292 | -135 | 488 | 1,188 |
| 119 | 68 | 82 | 179 | 26 | -109 | 118 | 232 | -237 | -37 | 56 | 263 | |
| 294 | 139 | 265 | 449 | 416 | 400 | 292 | 707 | 529 | -98 | 432 | 925 | |
Growth YoY PAT Growth YoY% | 101.4 | 135.6 | -46.1 | 64.5 | 41.5 | 187.8 | 10.2 | 57.5 | 27.2 | -124.5 | 48.0 | 30.8 |
NPM NPM% | 13.2 | 6.0 | 10.5 | 16.1 | 13.8 | 17.1 | 9.5 | 18.6 | 17.6 | -3.7 | 12.3 | 20.9 |
| 2.2 | 1.4 | 0.8 | 2.6 | 1.6 | 2.9 | 1.3 | 4.3 | 3.4 | -0.4 | 2.3 | 5.0 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,220 | 2,311 | 2,527 | 2,794 | 3,005 | 2,340 | 3,073 | 3,800 | 3,008 | 2,618 | 3,502 | 4,431 | |
Growth YoY Revenue Growth YoY% | 40.1 | 17.3 | -2.7 | 29.2 | 35.4 | 1.3 | 21.6 | 36.0 | 0.1 | 11.9 | 14.0 | 16.6 |
| 521 | 645 | 693 | 415 | 788 | 460 | 671 | 758 | 405 | 377 | 620 | 446 | |
| 1,699 | 1,666 | 1,834 | 2,379 | 2,217 | 1,880 | 2,402 | 3,042 | 2,603 | 2,241 | 2,882 | 3,985 | |
OPM OPM% | 76.5 | 72.1 | 72.6 | 85.2 | 73.8 | 80.3 | 78.2 | 80.0 | 86.5 | 85.6 | 82.3 | 89.9 |
| 353 | 264 | 234 | 271 | 294 | 280 | 39 | 189 | 158 | 208 | 117 | 230 | |
Interest Expense Interest ExpenseCr | 1,165 | 1,242 | 1,224 | 1,426 | 1,448 | 1,251 | 1,368 | 1,525 | 1,635 | 1,698 | 1,626 | 2,001 |
Depreciation DepreciationCr | 474 | 481 | 497 | 596 | 621 | 618 | 663 | 767 | 834 | 886 | 885 | 1,026 |
PBT PBTCr | 413 | 207 | 347 | 628 | 442 | 291 | 410 | 939 | 292 | -135 | 488 | 1,188 |
| 119 | 68 | 82 | 179 | 26 | -109 | 118 | 232 | -237 | -37 | 56 | 263 | |
| 294 | 139 | 265 | 449 | 416 | 400 | 292 | 707 | 529 | -98 | 432 | 925 | |
Growth YoY PAT Growth YoY% | 101.4 | 135.6 | -46.1 | 64.5 | 41.5 | 187.8 | 10.2 | 57.5 | 27.2 | -124.5 | 48.0 | 30.8 |
NPM NPM% | 13.2 | 6.0 | 10.5 | 16.1 | 13.8 | 17.1 | 9.5 | 18.6 | 17.6 | -3.7 | 12.3 | 20.9 |
| 2.2 | 1.4 | 0.8 | 2.6 | 1.6 | 2.9 | 1.3 | 4.3 | 3.4 | -0.4 | 2.3 | 5.0 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 502 | 502 | 1,480 | 2,058 | 2,549 | 3,124 | 5,133 | 7,792 | 9,220 | 11,212 | 12,928 | 13,559 |
Growth Revenue Growth% | 1,717.0 | 1,717.0 | 195.1 | 39.0 | 23.9 | 22.6 | 64.3 | 51.8 | 18.3 | 21.6 | 15.3 | 11.0 |
| 98 | 98 | 647 | 533 | 1,099 | 889 | 1,623 | 2,861 | 1,923 | 2,335 | 2,160 | 1,848 | |
| 403 | 403 | 834 | 1,525 | 1,450 | 2,235 | 3,510 | 4,931 | 7,297 | 8,877 | 10,768 | 11,711 | |
OPM OPM% | 80.4 | 80.4 | 56.3 | 74.1 | 56.9 | 71.5 | 68.4 | 63.3 | 79.1 | 79.2 | 83.3 | 86.4 |
| 80 | 80 | 51 | 73 | -111 | 391 | 509 | 706 | 1,283 | 1,328 | 1,089 | 713 | |
Interest Expense Interest ExpenseCr | 334 | 334 | 552 | 1,121 | 995 | 1,953 | 2,617 | 2,911 | 5,006 | 5,492 | 6,484 | 6,960 |
Depreciation DepreciationCr | 333 | 333 | 543 | 1,062 | 394 | 486 | 849 | 1,300 | 1,903 | 2,498 | 3,372 | 3,631 |
PBT PBTCr | -184 | -184 | -210 | -585 | -50 | 187 | 553 | 1,426 | 1,671 | 2,215 | 2,001 | 1,833 |
| -138 | -138 | -73 | -113 | 11 | 11 | 64 | 453 | 411 | 214 | 14 | 45 | |
PAT PATCr | -46 | -46 | -137 | -471 | -61 | 176 | 489 | 973 | 1,260 | 2,001 | 1,987 | 1,788 |
Growth PAT Growth% | -395.8 | -88.8 | -197.4 | -242.9 | 87.1 | 388.5 | 177.8 | 99.0 | 29.5 | 58.8 | -0.7 | -1.5 |
NPM NPM% | -9.2 | -9.2 | -9.3 | -22.9 | -2.4 | 5.6 | 9.5 | 12.5 | 13.7 | 17.9 | 15.4 | 13.2 |
| -0.7 | -0.7 | -0.9 | -3.6 | -0.7 | 0.7 | 2.4 | 5.4 | 6.2 | 8.4 | 9.7 | 10.4 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 502 | 502 | 1,480 | 2,058 | 2,549 | 3,124 | 5,133 | 7,792 | 9,220 | 11,212 | 12,928 | 13,559 |
Growth Revenue Growth% | 1,717.0 | 1,717.0 | 195.1 | 39.0 | 23.9 | 22.6 | 64.3 | 51.8 | 18.3 | 21.6 | 15.3 | 11.0 |
| 98 | 98 | 647 | 533 | 1,099 | 889 | 1,623 | 2,861 | 1,923 | 2,335 | 2,160 | 1,848 | |
| 403 | 403 | 834 | 1,525 | 1,450 | 2,235 | 3,510 | 4,931 | 7,297 | 8,877 | 10,768 | 11,711 | |
OPM OPM% | 80.4 | 80.4 | 56.3 | 74.1 | 56.9 | 71.5 | 68.4 | 63.3 | 79.1 | 79.2 | 83.3 | 86.4 |
| 80 | 80 | 51 | 73 | -111 | 391 | 509 | 706 | 1,283 | 1,328 | 1,089 | 713 | |
Interest Expense Interest ExpenseCr | 334 | 334 | 552 | 1,121 | 995 | 1,953 | 2,617 | 2,911 | 5,006 | 5,492 | 6,484 | 6,960 |
Depreciation DepreciationCr | 333 | 333 | 543 | 1,062 | 394 | 486 | 849 | 1,300 | 1,903 | 2,498 | 3,372 | 3,631 |
PBT PBTCr | -184 | -184 | -210 | -585 | -50 | 187 | 553 | 1,426 | 1,671 | 2,215 | 2,001 | 1,833 |
| -138 | -138 | -73 | -113 | 11 | 11 | 64 | 453 | 411 | 214 | 14 | 45 | |
PAT PATCr | -46 | -46 | -137 | -471 | -61 | 176 | 489 | 973 | 1,260 | 2,001 | 1,987 | 1,788 |
Growth PAT Growth% | -395.8 | -88.8 | -197.4 | -242.9 | 87.1 | 388.5 | 177.8 | 99.0 | 29.5 | 58.8 | -0.7 | -1.5 |
NPM NPM% | -9.2 | -9.2 | -9.3 | -22.9 | -2.4 | 5.6 | 9.5 | 12.5 | 13.7 | 17.9 | 15.4 | 13.2 |
| -0.7 | -0.7 | -0.9 | -3.6 | -0.7 | 0.7 | 2.4 | 5.4 | 6.2 | 8.4 | 9.7 | 10.4 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 1,274 | 1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,584 | 1,584 | 1,584 | 1,647 |
Reserves ReservesCr | -71 | -71 | -223 | -724 | -801 | -703 | -374 | 4,296 | 4,488 | 6,791 | 17,643 |
| 1,290 | 1,290 | 5,979 | 2,699 | 3,016 | 5,797 | 11,513 | 7,941 | 26,388 | 16,888 | 20,150 | |
| 3,667 | 3,667 | 8,388 | 10,027 | 13,099 | 20,798 | 45,040 | 52,070 | 44,702 | 71,937 | 94,068 | |
| 6,160 | 6,160 | 15,709 | 14,658 | 18,425 | 28,721 | 59,167 | 67,361 | 88,538 | 1,11,398 | 1,44,097 | |
| 1,204 | 1,204 | 3,731 | 2,074 | 2,562 | 3,548 | 5,567 | 7,213 | 13,306 | 8,622 | 11,461 | |
| 4,956 | 4,956 | 11,978 | 12,584 | 15,863 | 25,173 | 53,600 | 60,148 | 75,232 | 1,02,776 | 1,32,636 | |
| 6,160 | 6,160 | 15,709 | 14,658 | 18,425 | 28,721 | 59,167 | 67,361 | 88,538 | 1,11,398 | 1,44,097 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 1,274 | 1,274 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,584 | 1,584 | 1,584 | 1,647 |
Reserves ReservesCr | -71 | -71 | -223 | -724 | -801 | -703 | -374 | 4,296 | 4,488 | 6,791 | 17,643 |
| 1,290 | 1,290 | 5,979 | 2,699 | 3,016 | 5,797 | 11,513 | 7,941 | 26,388 | 16,888 | 20,150 | |
| 3,667 | 3,667 | 8,388 | 10,027 | 13,099 | 20,798 | 45,040 | 52,070 | 44,702 | 71,937 | 94,068 | |
| 6,160 | 6,160 | 15,709 | 14,658 | 18,425 | 28,721 | 59,167 | 67,361 | 88,538 | 1,11,398 | 1,44,097 | |
| 1,204 | 1,204 | 3,731 | 2,074 | 2,562 | 3,548 | 5,567 | 7,213 | 13,306 | 8,622 | 11,461 | |
| 4,956 | 4,956 | 11,978 | 12,584 | 15,863 | 25,173 | 53,600 | 60,148 | 75,232 | 1,02,776 | 1,32,636 | |
| 6,160 | 6,160 | 15,709 | 14,658 | 18,425 | 28,721 | 59,167 | 67,361 | 88,538 | 1,11,398 | 1,44,097 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 28 | 301 | 1,625 | 1,965 | 1,601 | 3,060 | 7,265 | 7,713 | 8,364 | 10,135 | |
| -1,510 | -1,510 | -3,761 | -2,666 | -3,743 | -9,225 | -19,281 | -3,857 | -21,060 | -19,827 | -26,227 | |
| 1,559 | 1,559 | 3,598 | 1,045 | 2,161 | 7,083 | 15,986 | -2,973 | 13,953 | 12,068 | 15,615 | |
Net Cash Flow Net Cash FlowCr | 77 | 77 | 138 | 3 | 383 | -541 | -235 | 435 | 606 | 605 | -477 |
Free Cash Flow Free Cash FlowCr | 28 | 28 | -3,619 | -1,244 | -1,431 | 1,614 | 3,064 | 7,303 | 7,786 | 8,379 | 10,240 |
CFO To PAT CFO To PAT% | -60.1 | -60.1 | -218.8 | -344.6 | -3,221.3 | 909.7 | 625.8 | 746.7 | 612.1 | 418.0 | 510.1 |
CFO To EBITDA CFO To EBITDA% | 6.9 | 6.9 | 36.1 | 106.5 | 135.5 | 71.6 | 87.2 | 147.3 | 105.7 | 94.2 | 94.1 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 28 | 301 | 1,625 | 1,965 | 1,601 | 3,060 | 7,265 | 7,713 | 8,364 | 10,135 | |
| -1,510 | -1,510 | -3,761 | -2,666 | -3,743 | -9,225 | -19,281 | -3,857 | -21,060 | -19,827 | -26,227 | |
| 1,559 | 1,559 | 3,598 | 1,045 | 2,161 | 7,083 | 15,986 | -2,973 | 13,953 | 12,068 | 15,615 | |
Net Cash Flow Net Cash FlowCr | 77 | 77 | 138 | 3 | 383 | -541 | -235 | 435 | 606 | 605 | -477 |
Free Cash Flow Free Cash FlowCr | 28 | 28 | -3,619 | -1,244 | -1,431 | 1,614 | 3,064 | 7,303 | 7,786 | 8,379 | 10,240 |
CFO To PAT CFO To PAT% | -60.1 | -60.1 | -218.8 | -344.6 | -3,221.3 | 909.7 | 625.8 | 746.7 | 612.1 | 418.0 | 510.1 |
CFO To EBITDA CFO To EBITDA% | 6.9 | 6.9 | 36.1 | 106.5 | 135.5 | 71.6 | 87.2 | 147.3 | 105.7 | 94.2 | 94.1 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 5,826 | 24,031 | 1,72,714 | 2,99,258 | 1,39,688 | 2,90,504 | 1,50,333 | 1,32,894 | 2,15,467 | |||
Price To Earnings Price To Earnings | 824.1 | 611.3 | 143.4 | 264.3 | 104.1 | 80.4 | 125.3 | |||||
Price To Sales Price To Sales | 2.8 | 9.4 | 55.3 | 58.3 | 17.9 | 31.5 | 13.4 | 10.3 | 15.9 | |||
Price To Book Price To Book | 6.9 | 31.5 | 200.4 | 251.4 | 23.8 | 47.9 | 17.9 | 6.9 | 11.2 | |||
EV To EBITDA EV To EBITDA | 10.6 | 25.8 | 87.5 | 99.9 | 38.9 | 47.5 | 25.6 | 21.7 | 27.4 | |||
GPM GPM% | 97.7 | 97.7 | 63.5 | 90.5 | 77.7 | 76.8 | 71.6 | 73.9 | 83.2 | 83.6 | 90.4 | 90.4 |
OPM OPM% | 80.4 | 80.4 | 56.3 | 74.1 | 56.9 | 71.5 | 68.4 | 63.3 | 79.1 | 79.2 | 83.3 | 86.4 |
NPM NPM% | -9.2 | -9.2 | -9.3 | -22.9 | -2.4 | 5.6 | 9.5 | 12.5 | 13.7 | 17.9 | 15.4 | 13.2 |
ROCE ROCE% | 2.7 | 2.7 | 3.1 | 4.7 | 6.4 | 8.7 | 5.9 | 7.2 | 9.4 | 8.7 | 6.9 | 6.9 |
ROE ROE% | -3.8 | -3.8 | -10.3 | -56.1 | -8.0 | 20.4 | 41.1 | 16.6 | 20.8 | 23.9 | 10.3 | 10.3 |
ROA ROA% | -0.8 | -0.8 | -0.9 | -3.2 | -0.3 | 0.6 | 0.8 | 1.4 | 1.4 | 1.8 | 1.4 | 1.4 |
| Financial Year | Mar 2017 | Dec 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 5,826 | 24,031 | 1,72,714 | 2,99,258 | 1,39,688 | 2,90,504 | 1,50,333 | 1,32,894 | 2,15,467 | |||
Price To Earnings Price To Earnings | 824.1 | 611.3 | 143.4 | 264.3 | 104.1 | 80.4 | 125.3 | |||||
Price To Sales Price To Sales | 2.8 | 9.4 | 55.3 | 58.3 | 17.9 | 31.5 | 13.4 | 10.3 | 15.9 | |||
Price To Book Price To Book | 6.9 | 31.5 | 200.4 | 251.4 | 23.8 | 47.9 | 17.9 | 6.9 | 11.2 | |||
EV To EBITDA EV To EBITDA | 10.6 | 25.8 | 87.5 | 99.9 | 38.9 | 47.5 | 25.6 | 21.7 | 27.4 | |||
GPM GPM% | 97.7 | 97.7 | 63.5 | 90.5 | 77.7 | 76.8 | 71.6 | 73.9 | 83.2 | 83.6 | 90.4 | 90.4 |
OPM OPM% | 80.4 | 80.4 | 56.3 | 74.1 | 56.9 | 71.5 | 68.4 | 63.3 | 79.1 | 79.2 | 83.3 | 86.4 |
NPM NPM% | -9.2 | -9.2 | -9.3 | -22.9 | -2.4 | 5.6 | 9.5 | 12.5 | 13.7 | 17.9 | 15.4 | 13.2 |
ROCE ROCE% | 2.7 | 2.7 | 3.1 | 4.7 | 6.4 | 8.7 | 5.9 | 7.2 | 9.4 | 8.7 | 6.9 | 6.9 |
ROE ROE% | -3.8 | -3.8 | -10.3 | -56.1 | -8.0 | 20.4 | 41.1 | 16.6 | 20.8 | 23.9 | 10.3 | 10.3 |
ROA ROA% | -0.8 | -0.8 | -0.9 | -3.2 | -0.3 | 0.6 | 0.8 | 1.4 | 1.4 | 1.8 | 1.4 | 1.4 |
Documents — Adani Green Energy Ltd
Concall Transcript Summaries — Adani Green Energy Ltd