Adani Green Energy Limited (ADANIGREEN) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Adani Green Energy is scaling its renewable footprint at an unprecedented pace, with the Khavda site driving total operational capacity to over 20 GW. Investors are looking for clarity on the FY27 capacity addition trajectory, the rollout roadmap for its newly commissioned 3.37 GWh BESS, and the company's strategy to manage leverage amid a heavy capex cycle.

Adani Green Energy Limited Q1 Results Date and Time

The board meeting to consider the audited financial results is scheduled for July 22, 2026.

An investor conference call is scheduled for July 22, 2026, organized by Macquarie Capital, featuring the CEO, CFO, and senior management.

What to expect from Adani Green Energy Limited's Q1 FY27 results

Revenue from power supply is positioned for strong YoY growth, supported by a 27% increase in operational capacity to 20,141.8 MW as of June 30, 2026. The Q1 FY27 average IEX merchant power price of Rs. 5.1/unit provides a tailwind compared to the subdued pricing environment seen in Q3 FY26. While the 3.37 GWh BESS commissioned in May 2026 enhances grid flexibility, management must address the ALCM mandate effective June 1, 2026, and its potential impact on module procurement costs for the ongoing expansion. Leverage remains a central theme, with net debt to run-rate EBITDA at 5.6x as of FY26, exceeding the 4-5x guided range, which will likely be a focal point for deleveraging commentary during the call.

Key Things To Watch

FY27 Capacity Addition Guidance: The company added 848 MW in Q1, and investors are awaiting a clear roadmap for the remainder of the year.

• Clarification on whether the FY27 capacity addition target remains 5 GW per year or is revised
• Reconciliation of the 848 MW Q1 addition against the annual trajectory

BESS Deployment Roadmap: With 3.55 GWh now operational, the company is working toward a target of over 10 GWh by FY27.

• Timeline and contract mix for the remaining 6.5+ GWh of BESS capacity
• Operational status of the 3.37 GWh Khavda BESS commissioned in May 2026

Transmission and Curtailment at Khavda: The resolution of grid bottlenecks is critical for operational efficiency.

• Status of the 2-3 GW transmission augmentation expected to resolve curtailment
• Impact of merchant power availability on EBITDA margins given the recent pricing recovery

Leverage and Capex Funding: The balance sheet remains under focus due to sustained high capital expenditure.

• Management commentary on the deleveraging timeline given the 5.6x net debt to run-rate EBITDA ratio
• Funding strategy for the Rs. 35,000-40,000 Cr capex planned for FY27

Regulatory and Legal Updates: Updates on pending legal and compliance matters are expected.

• Timeline for the final judgment on the SEC civil case following the consent filing
• Impact of the June 1, 2026 ALCM mandate on project cost structures and supply chain readiness