Adani Green Energy is slated to announce its financial results for the first quarter of fiscal year 2027 (Q1 FY27), ended June 30, 2026, on July 22. The company's Board of Directors will convene on Wednesday, July 22, to consider and approve the unaudited standalone and consolidated financial statements.
Analyst Expectations for Q1 FY27
Brokerage firm Emkay Global anticipates a strong performance from Adani Green Energy. The firm forecasts a net profit of Rs 1056.2 crore for Q1 FY27, representing a significant 45.5% increase compared to Rs 725.8 crore reported in the same period last year. Net sales are projected to rise by 19.7% year-on-year to Rs 4550.3 crore, up from Rs 3800 crore a year ago. Furthermore, Emkay Global expects EBITDA to grow by 32% to Rs 4005.3 crore for the quarter.
Key Growth Drivers Identified
Emkay Global attributes the projected earnings growth primarily to higher power sales and improved realization rates. The brokerage estimates a 25% year-on-year increase in power sales, supported by Adani Green Energy's capacity expansion from 19.3 GW to 20.1 GW between the two quarter-ends. Additionally, improved capacity utilization factors (CUFs) and a 3% quarter-on-quarter improvement in merchant tariff rates, reaching an estimated Rs 3.2/kWh, are expected to contribute to the robust financial performance.
Stock Performance and Price Target
Ahead of the earnings announcement, Adani Green Energy shares were trading at Rs 1527.45, down 1.37% from their previous close of Rs 1548.70. The stock has seen a considerable surge of 65% over the past three months and is currently trading near its 52-week high of Rs 1566.60, recorded on July 6 this year.
Emkay Global has assigned a price target of Rs 1500 for the Adani Group stock, reflecting their assessment of the company's valuation and future prospects.
Previous Quarter's Performance
In the fourth quarter of fiscal year 2026 (Q4 FY26), Adani Green Energy reported a consolidated net profit of Rs 514 crore, marking a 34% year-on-year increase from Rs 383 crore in the corresponding period. Revenue from core operations for Q4 FY26 also saw a 14% year-on-year rise, reaching Rs 3,504 crore compared to Rs 3,073 crore in the prior year.
Disclaimer: This article provides information for general knowledge purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.