Adani Green Energy Limited · NSE:ADANIGREEN
Adani Green Energy — Q1 FY26 Earnings Presentation
36 slides from Adani Green Energy's earnings presentation
Slide 1: Adani Green Energy Ltd Earnings Presentation Q1 FY26
Adani Green Energy Ltd Earnings Presentation Q1 FY26 Consolidated Financials AGEL’s Renewable Energy Plant in Khavda, Gujarat
Slide 2: Financial Performance at a glance: Q1 FY26 (YoY)
Financial Performance at a glance: Q1 FY26 (YoY) Consistent Robust Financial Performance Revenue EBITDA Cash Profit ₹3,312 Cr ₹3,108 Cr ₹1,744 Cr ▲ 31% ▲ 31% ▲ 25% AGEL’s Renewable Energy Plant in Khavda, Gujarat
Slide 3: Table of Contents
Table of Contents Contents 1 Adani Portfolio 2 AGEL: Company Profile 3 AGEL: Operational & Financial Highlights 4 AGEL: ESG 5 AGEL: Investment Rationale Annexures Hamburger Menu Icon with solid fill 3
Slide 4: Adani Portfolio
adani Renewa bles 1 Adani Portfolio
Slide 5: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (61.91%) (74.96%) (65.89%) (67.53%) AEL AGEL1 APL APSEZ Ports & Logi
Slide 6: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage Tax paid EBITDA Finance cost paid 89,806 CAT (FFO) 66,527 (74%) EBITDA 24,870 AEL 12,784 APSEZ (51%) Adani’s Core Infra. 18,711 AGEL P
Slide 7: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | ITD Cementation India Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constr
Slide 8: Replicating Group's Simple yet Transformational Business Model
AGEL: Replicating Group's Simple yet Transformational Business Model Secure Sites & Connectivity Resource Assessment Construction Readiness Geotechnical studies ~2,50,000 acres of resource rich sites Development for renewable in strategic locations 50+ GW potential & Special studies (AIIL) ~5+ GW of
Slide 9: Adani Green Energy Limited (AGEL): Company Profile
2 Adani Green Energy Limited (AGEL): Company Profile AGEL’s Solar plant at Anjar, Gujarat
Slide 10: Leading India's Energy Transition
AGEL: Leading India’s Energy Transition India’s largest Renewable Energy Portfolio Key Operating Metrics (Q1 FY 26) RE Portfolio spread across Operational FY30E 12 resource rich states (as on Jun-25) 42% 10 Bn 15.8 GW ► 50 GW ► 5 Year Capacity CAGR Units Generation 17% 11% 5% ~99% 28% 13% 13% Solar
Slide 11: Deploying renewable energy at unprecedented scale and speed
AGEL: Deploying renewable energy at unprecedent scale and speed Robust RE Capacity Growth to continue Well secured resource rich sites Renewable Energy Capacity in GW CAGR 27% 50.0 CAGR 42% 15.8 2.5 FY20A Q1 FY26A FY30E Solar, Wind & Hybrid Developme nt in Gujarat & Increased focus on merchant, Raja
Slide 12: Operational & Financial highlights
Adani Green Energy Limited (AGEL): 3 Operational & Financial highlights AGEL’s Dayapar Wind Cluster, Gujarat
Slide 13: Executive Summary – Q1 FY26
AGEL: Executive Summary – Q1 FY26 Capacity Addition & Operational Performance ▪ Operational capacity increased by 45% YoY to 15.8 GW, with an addition of 4.9 GW over the last one year ▪ Sale of energy increased by 42% YoY at 10,479 mn units, with this quarter exceeding annual energy sales of FY22 (3
Slide 14: Operational Capacity Addition & Sale of Energy – Q1 FY26 YoY
AGEL: Operational Capacity Addition & Sale of Energy – Q1 FY26 YoY Operational Capacity (in MW AC) Hybrid 15,816 Wind 45% ✓ Operational Capacity increases by 45% to 15,816 MW with 10,934 2,674 greenfield addition of 4,882 MW Solar 1,986 2,140 – Operationalized 3,763 MW Solar power plants 1,401 11,15
Slide 15: Khavda: World's largest single-location Renewable Energy Project
Khavda: World’s largest single-location Renewable Energy Project Strategically located in Resource rich region of Gujarat A Renewable Energy Marvel in the Making ▪ All projects to be developed on contiguous land in Khavda Significant Scale Renewable Park Efficiencies ▪ Significant scale efficiencies
Slide 16: Growth in overall electricity generation and PPA commitment v/s actuals
AGEL: Growth in overall electricity generation and PPA commitment v/s actuals Steady growth in generation with increasing proportion of value accretive Merchant Power Generation in Mn units 1 27,969 21,878 5,274 19,222 347 778 2,213 4,344 10,791 154 10,479 5,498 1,365 20,753 20,483 2,283 4,388 130 1
Slide 17: Operational Performance Metrics
AGEL: Operational Performance Metrics − Real time monitoring of operating assets across 12 states through Energy Network Operations Center at Ahmedabad − Granular performance insights − Predictive Maintenance optimizing Mean time between failure (MTBF) − Suggests corrective actions in real time redu
Slide 18: Financial Performance – Q1 FY26 YoY
AGEL: Financial Performance – Q1 FY26 YoY (All figures in INR Crore) Revenue from Power Supply EBITDA from Power Supply 1 Cash Profit 2 EBIDTA ▲ 31% Margin 92.6% 92.8% 3,312 ▲ 31% 3,108 2,528 2,374 ▲25% 1,744 1,394 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 ▪ Strong revenue, EBITDA and Cash pro
Slide 19: ESG Framework & Commitments
Adani Green Energy Limited (AGEL): 4 ESG Framework & Commitments FTSEL Russell ranks AGEL ISS ESG ranks AGEL Winner at Reuters Global NSE ESG ranks AGEL Energy Transition Awards 2025 amongst 1st globally 1st in Asia & top 5 1st in India Highly Commended in alternative electricity globally segment in
Slide 20: Assurance backed ESG framework
AGEL: Assurance backed ESG framework Guiding principles India Business & IFC E&S United Nations UN Sustainable Green Bond SBTi Biodiversity Performance Global Compact Development Goals Principles Initiative (IBBI) Standards Guiding Policies principles Disclosure Standards TCFD TNFD GRI Standards CDP
Slide 21: Substantial Avoidance of CO2 Emissions
AGEL: Substantial Avoidance of CO2 Emissions CO2 Emissions avoided (mn ton) Key ESG Targets Indicator Target Status 96.0 Ranking in ESG benchmarking of Ranked 1st globally by FTSE Russell and top 5 as Top 10 electric utility sector in the world per ISS ESG in RE sector globally Net water positive st
Slide 22: Best-in-class ESG Ratings
AGEL: Best-in-class ESG Ratings RE Sector Ranking 1 Rating Agency Rating/Score Global India Score of 4.7 / 5 1 1 Score of 79.79 / 100 Amongst top 5 1 Prime Band (A-) ESG Risk Rating of 13.1 Amongst top 10 1 Rated ‘A-’ Leadership Leadership Climate 2023 assessment Rated ‘A’ Supply Chain Topmost Topmo
Slide 23: Investment Rationale
5 Investment Rationale AGEL’s Solar-Wind Hybrid plants at Jaisalmer, Rajasthan
Slide 24: Key Investment Highlights
AGEL: Key Investment Highlights Key Investment Highlights 1 • Secured resource rich sites at strategic locations including Khavda with one of the highest solar irradiation Resource and high wind speed to achieve 50+ GW target Tied up • 5+ GW of PSP sites secured across 5 states 2 Unparalleled struct
Slide 25: Annexures: Receivables Details
Annexures AGEL: Receivables Details
Slide 26: Power Sales Receivables Ageing Profile
AGEL: Power Sales Receivables Ageing Profile INR Cr Particulars Not Due* Due as on 30-June-25 0-60 days 61-90 days 91-120 days 121-180 days >180 days Total Due SECI 327 3 - - - - 3 TANGEDCO 174 14 - - - - 14 NTPC 82 - - - - - - AEML 93 - - - - - - Others 240 13 1 2 3 49 68 Merchant 176 - - - - - - T
Slide 27: Annexures: Asset Level Details
Annexures AGEL: Asset Level Details
Slide 28: Asset Level Details: Operational
AGEL: Asset Level Details: Operational Contracted INR Cr Project Name / Capacity COD/Operatio Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) nalized Name Term (AC) AGETNL Tamil Nadu Solar 216 260 7.01 Mar-16 TANGEDCO 25 RSPL Tamil Nadu Solar 86 7.01 Feb-16 TANGEDCO 25 72 AG
Slide 29: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Project Name / Capacity COD/Operati Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) onalized Name Term (AC) AGE23L (Earstwhile PN Clean) 1 Punjab Punjab Solar 20 21 8.7 Mar-21 PSPCL 25 AGE23L (Earstwhile PN Renewable
Slide 30: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Project Name / Capacity COD/Operati Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) onalized Name Term (AC) ASEAPSPL Ananthpuram, AP Andhra Pradesh Solar 250 375 2.73 Mar-20 NTPC 25 ASEKANPL Pavgada, KN Karnataka Sol
Slide 31: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Project Name / Capacity COD/Operati Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) onalized Name Term (AC) AGE25AL Khavda Gujarat Solar 25 34 2.42 Feb-25 SECI 25 AGE25AL Khavda Gujarat Solar 12 17 2.42 Feb-25 SECI 2
Slide 32: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Project Name / Capacity COD/Operati Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) onalized Name Term (AC) ARE57L Khavda Gujarat Solar 50 68 2.42 May-25 SECI 25 ARE56L3 Khavda Gujarat Solar 75 103 NA May-25 Merchant
Slide 33: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Project Name / Capacity COD/Operationaliz Counterparty PPA SPV Project Location Type Capacity Tariff Location (DC) ed Name Term (AC) AGEL – Lahori Madhya Pradesh Madhya Pradesh Wind 12 12 5.92 Mar-16 MPPMCL 25 AWEGPL Gujarat Gujarat Wind 30
Slide 34: Asset Level Details: Operational (contd.)
AGEL: Asset Level Details: Operational (contd.) Contracted Planned Planned Capacity COD/Operati Counterparty SPV Project Location Type Capacity Capacity Tariff PPA Term (AC) onalized name (AC) (DC) Solar: 360 Solar: 540 AHEJ1L Rajasthan Hybrid May-22 2.69 SECI 25 390 Wind: 100 Wind: 100 Solar: 300 S
Slide 35: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Green Energy Limited (“AGEL”),the future outlook and growth prospects, and fut
Slide 36: Thank You
Thank You Latest Investor FY25 Annual Report Presentation