Shares of Adani Green Energy Ltd (AGEL) climbed over 2.5% to ₹1,001 on Monday, July 28, following the company’s stellar Q1 FY26 performance. The stock gained momentum after AGEL posted a 116% year-on-year (YoY) surge in net profit to ₹824 crore for the April–June quarter, up from ₹383 crore in the same period last year.
Revenue rose to ₹4,006 crore, marking a 29% YoY increase, supported by strong growth in power supply and improved capacity utilization. EBITDA rose 31% YoY to ₹3,108 crore, while energy sales jumped 42% YoY to 10,479 million units.
The market reacted positively to the strong operational performance and capacity addition of 1.6 GW during the quarter, which took AGEL’s total operational renewable capacity to 15.8 GW. The company’s confidence in achieving its 50 GW target by 2030 and continued momentum in its Khavda project also contributed to the upbeat sentiment.
With a market cap of ₹1.65 trillion and a P/E ratio nearing 120, Adani Green remains one of the most richly valued renewable energy stocks in India.
