Adani Green Energy Profit Plunges 99% Amid Soaring Finance Costs
Business
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Moneycontrol•23-01-2026, 16:40
Adani Green Energy Profit Plunges 99% Amid Soaring Finance Costs
- •Adani Green Energy reported a 99% drop in Q3 profit, falling to 50 million rupees from 4.74 billion rupees a year earlier.
- •The significant profit slump was primarily due to a 35.73% surge in finance costs and a 27.14% rise in overall expenses.
- •This occurred despite strong power sales, which saw revenue from power supply increase by 21% to 19.93 billion rupees.
- •The company's shares fell 13.8%, while other Adani Group stocks also declined following news of the U.S. SEC seeking summons for Gautam Adani and Sagar Adani in a fraud and bribery case.
- •Adani Green Energy benefited from 5.6 GW capacity additions and strong plant performance, including new capacity commissioning in Khavda, Gujarat, and Rajasthan.
Why It Matters: Adani Green Energy's Q3 profit plummeted 99% due to high finance costs, despite robust power sales.
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