Adani Green Energy's Net Profit Plummets 99% to Rs 5 Crore; Shares Drop

• Adani Green Energy reported a drastic 99% year-on-year decline in net profit for Q3 FY2026, falling to just Rs 5 crore from Rs 474 crore.
• Despite the profit drop, revenue from operations increased by 12% to Rs 2,618 crore, and EBITDA grew by 23% to Rs 2,269 crore, indicating strong operational performance.
• Growth is attributed to 5.6 GW of new greenfield capacity, advanced renewable technology, and improved plant performance, with new projects in Khawda and Rajasthan.
• Adani Green is progressing towards its 50 GW target, with operational capacity reaching 17.2 GW, and major projects like Khawda and Chitravati River hydro storage advancing.
• Shares of Adani Green experienced significant fluctuations, dropping over 14% after reports of the US SEC Chairman seeking notices for Gautam Adani and Sagar Adani.

Why It Matters: Adani Green Energy saw a 99% profit drop despite strong revenue and operational growth, impacting its stock.