{"id":77749,"date":"2026-04-27T13:12:53","date_gmt":"2026-04-27T07:42:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=77749"},"modified":"2026-04-27T13:12:55","modified_gmt":"2026-04-27T07:42:55","slug":"adani-green-q4-fy26-results-pat-397-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/","title":{"rendered":"Adani Green Q4 FY26 Results: PAT \u20b9397 Crore (+73% YoY), Revenue \u20b93,727 Crore"},"content":{"rendered":"<p>Adani Green Q4 FY26 results are out, with India&#8217;s largest renewable energy company reporting a 72.6% year-on-year jump in consolidated profit after tax to \u20b9397 crore in the March 2026 quarter, compared to \u20b9230 crore in Q4 FY25. Adani Green Q4 revenue from operations rose 13.7% YoY to \u20b93,727 crore. Adani Green Q4 operational capacity reached 11,333 MW as of March 31, 2026, the highest in the company&#8217;s history.<\/p><p>Adani Green Q4 PAT growth of 73% reflects the operating leverage as newly commissioned projects generate power purchase agreement (PPA)-backed revenues. Adani Green Q4 solar and wind portfolio across Rajasthan, Gujarat, Tamil Nadu, and Andhra Pradesh contributed to the revenue growth. The company has significantly expanded its capacity under India&#8217;s renewable energy buildout programme, with a target of 50 GW by 2030.<\/p><p>Adani Green Q4 board declared the first interim dividend of FY27, details were fixed with a record date of April 30, 2026 (alongside Hindustan Zinc&#8217;s FY27 interim dividend). Adani Green Q4 high-leverage balance sheet continues to be the primary investor concern, even as operational performance steadily improves.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Adani_Green_Q4_FY26_Results_Date\" title=\"Adani Green Q4 FY26 Results Date\">Adani Green Q4 FY26 Results Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Why_This_Quarter_Matters\" title=\"Why This Quarter Matters\">Why This Quarter Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Adani_Green_Q4_FY26_Earnings_Actual_Results\" title=\"Adani Green Q4 FY26 Earnings, Actual Results\">Adani Green Q4 FY26 Earnings, Actual Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#5_Key_Factors_That_Will_Drive_Adani_Green_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive Adani Green Q4 FY26 Performance\">5 Key Factors That Will Drive Adani Green Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#11333_MW_Operational_Capacity_Highest_Ever\" title=\"11,333 MW Operational Capacity, Highest Ever\">11,333 MW Operational Capacity, Highest Ever<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#PPA-Backed_Revenue_Predictable_Cash_Flows\" title=\"PPA-Backed Revenue, Predictable Cash Flows\">PPA-Backed Revenue, Predictable Cash Flows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Indias_500_GW_Renewable_Target_Creating_Structural_Tailwind\" title=\"India&#8217;s 500 GW Renewable Target Creating Structural Tailwind\">India&#8217;s 500 GW Renewable Target Creating Structural Tailwind<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#73_PAT_Growth_Operating_Leverage_from_Scale\" title=\"73% PAT Growth, Operating Leverage from Scale\">73% PAT Growth, Operating Leverage from Scale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Green_Energy_as_ESG_Investment_Theme\" title=\"Green Energy as ESG Investment Theme\">Green Energy as ESG Investment Theme<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#5_Risks_to_Watch_in_Adani_Green_Q4_FY26\" title=\"5 Risks to Watch in Adani Green Q4 FY26\">5 Risks to Watch in Adani Green Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#High_Leverage_Net_Debt_Among_Indias_Largest\" title=\"High Leverage, Net Debt Among India&#8217;s Largest\">High Leverage, Net Debt Among India&#8217;s Largest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Adani_Group_Governance_Concerns\" title=\"Adani Group Governance Concerns\">Adani Group Governance Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Construction_and_Commissioning_Risk\" title=\"Construction and Commissioning Risk\">Construction and Commissioning Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Tariff_Risk_and_State_Discom_Payment_Delays\" title=\"Tariff Risk and State Discom Payment Delays\">Tariff Risk and State Discom Payment Delays<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Renewable_Energy_Market_Competition\" title=\"Renewable Energy Market Competition\">Renewable Energy Market Competition<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Adani_Green_Q4_Share_Price_and_Analyst_Ratings\" title=\"Adani Green Q4 Share Price and Analyst Ratings\">Adani Green Q4 Share Price and Analyst Ratings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_was_Adani_Green_Q4_FY26_net_profit\" title=\"What was Adani Green Q4 FY26 net profit?\">What was Adani Green Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_was_Adani_Green_Q4_FY26_revenue\" title=\"What was Adani Green Q4 FY26 revenue?\">What was Adani Green Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_is_Adani_Green_Energys_operational_capacity_after_Q4_FY26\" title=\"What is Adani Green Energy&#8217;s operational capacity after Q4 FY26?\">What is Adani Green Energy&#8217;s operational capacity after Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_is_Adani_Greens_2030_renewable_energy_target\" title=\"What is Adani Green&#8217;s 2030 renewable energy target?\">What is Adani Green&#8217;s 2030 renewable energy target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_analysts_cover_Adani_Green_Energy\" title=\"What analysts cover Adani Green Energy?\">What analysts cover Adani Green Energy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#What_were_Adani_Green_Q3_FY26_results\" title=\"What were Adani Green Q3 FY26 results?\">What were Adani Green Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#When_did_TCS_and_Infosys_announce_Q4_FY26_results\" title=\"When did TCS and Infosys announce Q4 FY26 results?\">When did TCS and Infosys announce Q4 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Is_Adani_Green_Energy_a_good_investment\" title=\"Is Adani Green Energy a good investment?\">Is Adani Green Energy a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/adani-green-q4-fy26-results-pat-397-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Adani_Green_Q4_FY26_Results_Date\"><\/span><strong>Adani Green Q4 FY26 Results Date<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get free investment research and stock alerts on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>The Adani Green Q4 FY26 results were declared on April 24, 2026. For a full Q4 FY26 earnings calendar, see results from TCS (April 9) at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs<\/a> and Infosys (April 23) at <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 Results Date<\/strong><\/td><td><strong>Status<\/strong><\/td><td><strong>Univest Link<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>April 9, 2026<\/td><td>Declared<\/td><td>univest.in\/blogs<\/td><\/tr><tr><td>Infosys<\/td><td>April 23, 2026<\/td><td>Declared<\/td><td>univest.in\/blogs<\/td><\/tr><tr><td>ADANIGREEN<\/td><td>April 24, 2026<\/td><td>Declared<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_Quarter_Matters\"><\/span><strong>Why This Quarter Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Adani Green Q4 is among the most watched renewable energy earnings in India because the company&#8217;s capacity addition trajectory is a direct proxy for India&#8217;s 500 GW renewable target by 2030. Adani Green Q4 11,333 MW operational capacity represents a step change from approximately 8,000 MW just two years ago.<\/p><p>Adani Green Q4 also represents Adani Group&#8217;s flagship green energy business, its stock is heavily tracked by ESG-focused global and domestic funds. Adani Green Q4 profitability improvement despite a challenging macroeconomic backdrop is a positive signal for the renewable energy sector&#8217;s financial viability.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Adani_Green_Q4_FY26_Earnings_Actual_Results\"><\/span><strong>Adani Green Q4 FY26 Earnings, Actual Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Access premium research and live analyst ratings on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>Adani Green Q4 actual results beat estimates on the PAT line. The 73% PAT growth reflects new project commissioning generating full-quarter revenue contributions. Adani Green Q4 EBITDA margin remains in the 80%+ range, typical for regulated renewable energy projects with long-term PPAs.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25<\/strong><\/td><td><strong>Q4 FY26 Actual<\/strong><\/td><td><strong>YoY<\/strong><\/td><td><strong>Notes<\/strong><\/td><\/tr><tr><td>Revenue (\u20b9 Cr)<\/td><td>3,277<\/td><td>3,727<\/td><td>+13.7%<\/td><td>PPA-backed revenue growth<\/td><\/tr><tr><td>PAT (\u20b9 Cr)<\/td><td>230<\/td><td>397<\/td><td>+72.6%<\/td><td>New capacity contributing<\/td><\/tr><tr><td>Operational Capacity (MW)<\/td><td>8,200<\/td><td>11,333<\/td><td>+38%<\/td><td>Solar + wind portfolio<\/td><\/tr><tr><td>EBITDA Margin<\/td><td>%<\/td><td>80%<\/td><td>80%<\/td><td>Stable high margin<\/td><\/tr><tr><td>FY27 Interim Div<\/td><td>N\/A<\/td><td>Declared<\/td><td>N\/A<\/td><td>Rec. date Apr 30<\/td><\/tr><\/tbody><\/table><\/figure><p>Adani Green Q4 key metrics to watch: debt-to-EBITDA ratio, capacity under construction (locked-in future revenue), and FY27 capacity addition guidance. Adani Green Q4 2030 target of 50 GW requires approximately 6\u20137 GW annual additions, Q4 FY26 run rate will be evaluated against this trajectory.<\/p><p>Screen <a href=\"https:\/\/univest.in\/screeners\">ADANIGREEN live fundamentals and financials<\/a> on the Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_Adani_Green_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive Adani Green Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"11333_MW_Operational_Capacity_Highest_Ever\"><\/span><strong>11,333 MW Operational Capacity, Highest Ever<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 operational capacity of 11,333 MW is a significant milestone, it represents 38% growth year-on-year and positions the company as India&#8217;s largest operational renewable energy producer. Adani Green Q4 each additional MW commissioned under a PPA generates annuity-like regulated revenue for 25 years. Adani Green Q4 capacity pipeline from awarded projects provides multi-year revenue visibility well beyond the current quarter.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PPA-Backed_Revenue_Predictable_Cash_Flows\"><\/span><strong>PPA-Backed Revenue, Predictable Cash Flows<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 revenue stability is underpinned by long-term Power Purchase Agreements with state electricity boards, SECI, and NTPC at pre-agreed tariffs for 25 years. Adani Green Q4 85%+ EBITDA margin is maintained because input cost (sunlight, wind) is zero, operating costs are primarily O&amp;M, depreciation, and finance charges.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indias_500_GW_Renewable_Target_Creating_Structural_Tailwind\"><\/span><strong>India&#8217;s 500 GW Renewable Target Creating Structural Tailwind<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 operates in the most strategically favored sector of India&#8217;s energy policy, renewable power generation. India&#8217;s target of 500 GW renewable capacity by 2030 requires an annual addition of approximately 50 GW. Adani Green Q4 50 GW self-target by 2030 is aligned with national policy, giving the company preferential access to land, transmission, and project approvals.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"73_PAT_Growth_Operating_Leverage_from_Scale\"><\/span><strong>73% PAT Growth, Operating Leverage from Scale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 PAT growth of 73% on 13.7% revenue growth demonstrates extraordinary operating leverage, fixed depreciation and finance costs are being spread over a rapidly growing revenue base as new projects commission. Adani Green Q4 PAT growth will continue to outpace revenue growth as long as capacity additions are funded efficiently and PPAs generate full-year contributions.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Green_Energy_as_ESG_Investment_Theme\"><\/span><strong>Green Energy as ESG Investment Theme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 is one of India&#8217;s most prominent pure-play renewable energy investments for ESG-mandated portfolios. Global climate commitments, India&#8217;s NDC target of 500 GW by 2030 and net-zero by 2070, keep Adani Green Q4 structurally in demand from international climate funds, green bonds, and sovereign wealth funds targeting India&#8217;s energy transition.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_Adani_Green_Q4_FY26\"><\/span><strong>5 Risks to Watch in Adani Green Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"High_Leverage_Net_Debt_Among_Indias_Largest\"><\/span><strong>High Leverage, Net Debt Among India&#8217;s Largest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 is one of India&#8217;s most leveraged listed companies, net debt is several multiples of EBITDA. Adani Green Q4 capital-intensive renewable energy model requires continuous project-level debt financing. Any increase in global interest rates, credit spread widening, or refinancing difficulty could materially impact Adani Green Q4 finance costs and PAT growth.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Adani_Group_Governance_Concerns\"><\/span><strong>Adani Group Governance Concerns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 stock has historically de-rated on broader Adani Group governance-related events. Adani Green Q4 investors must assess company-level fundamentals while being aware that group-wide perception issues can override individual company performance in driving stock prices.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Construction_and_Commissioning_Risk\"><\/span><strong>Construction and Commissioning Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 50 GW 2030 target requires successfully building and commissioning approximately 38 GW of new capacity in four years. Adani Green Q4 execution risk, land acquisition disputes, grid connection delays, equipment procurement, and labour availability, could delay commissioning and defer revenue recognition.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tariff_Risk_and_State_Discom_Payment_Delays\"><\/span><strong>Tariff Risk and State Discom Payment Delays<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 revenue is dependent on state electricity distribution companies (discoms) honouring PPAs and making timely payments. Adani Green Q4 some state discoms have historically delayed payments to renewable energy producers, creating working capital stress. Any renegotiation of tariffs or PPA cancellations would directly reduce Adani Green Q4 revenue visibility.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Renewable_Energy_Market_Competition\"><\/span><strong>Renewable Energy Market Competition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 faces competition from Greenko, ReNew Power, Torrent Power, and NTPC Renewable in bidding for new renewable energy projects. Adani Green Q4 bid tariffs have become increasingly competitive, lower tariffs accepted to win projects potentially compress future PAT per MW of capacity added.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Adani_Green_Q4_Share_Price_and_Analyst_Ratings\"><\/span><strong>Adani Green Q4 Share Price and Analyst Ratings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Adani Green Q4 stock has corrected significantly from its 52-week high of \u20b92,200 to approximately \u20b91,178, reflecting global risk-off sentiment on high-leverage renewable energy companies and Adani Group governance concerns. Adani Green Q4 operational performance recovery provides a bottom-up fundamental case even as the macro headwinds persist.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Brokerage<\/strong><\/td><td><strong>Rating<\/strong><\/td><td><strong>Target Price<\/strong><\/td><td><strong>Investment Thesis<\/strong><\/td><\/tr><tr><td>Jefferies<\/td><td>Buy<\/td><td>\u20b92,000<\/td><td>11,333 MW; 50 GW by 2030 target clear<\/td><\/tr><tr><td>Goldman Sachs<\/td><td>Buy<\/td><td>\u20b91,900<\/td><td>RE capacity additions; PPA lock-in<\/td><\/tr><tr><td>JPMorgan<\/td><td>Neutral<\/td><td>\u20b91,400<\/td><td>High leverage; debt watch<\/td><\/tr><\/tbody><\/table><\/figure><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get live analyst ratings and stock alerts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Adani Green Q4 FY26 results demonstrate strong operational progress, 73% PAT growth, 11,333 MW capacity, and 13.7% revenue growth. Adani Green Q4 investment thesis is structurally sound: India&#8217;s renewable energy must scale, and Adani Green Q4 is the largest operational player. The leverage profile and governance concerns are the material risks that investors must carefully weigh.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Adani_Green_Q4_FY26_net_profit\"><\/span><strong>What was Adani Green Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 FY26 consolidated PAT was \u20b9397 crore, up 72.6% year-on-year from \u20b9230 crore in Q4 FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Adani_Green_Q4_FY26_revenue\"><\/span><strong>What was Adani Green Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 FY26 revenue from operations was \u20b93,727 crore, up 13.7% year-on-year from \u20b93,277 crore in Q4 FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Adani_Green_Energys_operational_capacity_after_Q4_FY26\"><\/span><strong>What is Adani Green Energy&#8217;s operational capacity after Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 FY26 operational capacity reached 11,333 MW, a 38% increase year-on-year, including solar and wind projects across multiple states.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Adani_Greens_2030_renewable_energy_target\"><\/span><strong>What is Adani Green&#8217;s 2030 renewable energy target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Energy has a self-set target of 50 GW operational capacity by 2030, aligned with India&#8217;s national target of 500 GW renewable energy by 2030.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_analysts_cover_Adani_Green_Energy\"><\/span><strong>What analysts cover Adani Green Energy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 is covered by Jefferies (Buy, \u20b92,000 target), Goldman Sachs (Buy, \u20b91,900), and JPMorgan (Neutral, \u20b91,400) among others. Investor views differ on the leverage risk versus growth opportunity.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_Adani_Green_Q3_FY26_results\"><\/span><strong>What were Adani Green Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In Q3 FY26, Adani Green Energy continued its capacity expansion trajectory. Specific Q3 PAT and revenue figures are available on the Univest Screener.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_did_TCS_and_Infosys_announce_Q4_FY26_results\"><\/span><strong>When did TCS and Infosys announce Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results were declared on April 9, 2026. Infosys Q4 FY26 results were declared on April 23, 2026. Analysis of both is available on Univest Blogs.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_Adani_Green_Energy_a_good_investment\"><\/span><strong>Is Adani Green Energy a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Adani Green Q4 offers exposure to India&#8217;s renewable energy boom, but carries high leverage and governance-related risk. Investment suitability depends on individual risk tolerance. Consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/vrl-logistics-q4-results-2026-2\">VRL Logistics Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vraj-iron-and-steel-q4-results-2026\">Vraj Iron and Steel Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltas-q4-results-2026\">Voltas Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltamp-transformers-q4-results-2026\">Voltamp Transformers Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vodafone-idea-q4-results-2026\">Vodafone Idea Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Adani Green Q4 FY26 results are out, with India&#8217;s largest renewable energy company reporting a 72.6% year-on-year jump in consolidated profit after tax to \u20b9397 crore in the March 2026 quarter, compared to \u20b9230 crore in Q4 FY25. Adani Green Q4 revenue from operations rose 13.7% YoY to \u20b93,727 crore. Adani Green Q4 operational capacity<\/p>\n","protected":false},"author":23,"featured_media":77762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-77749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1777275891:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:2:{s:63:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-1334.jpeg\";a:2:{s:2:\"id\";i:77750;s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/27130626\/image-1334.jpeg\";a:2:{s:2:\"id\";i:77750;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["Adani Green Q4 FY26 Results: PAT \u20b9397 Crore +73% YoY, Revenue \u20b93,727 Crore"],"rank_math_description":["Adani Green Q4 FY26 results declared April 24, 2026. Consolidated PAT \u20b9397 crore (+72.6% YoY from \u20b9230 crore), revenue \u20b93,727 crore (+13.7%). 11,333 MW operational capacity. 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