As of mid-afternoon trading today (July 28, 2025), Adani Green Energy Ltd shares rose by approximately 2.8%, hovering around ₹1,005 to ₹1,013 per share. The intraday price range touched a low of ₹979.00 and a high of ₹1,013.60, reflecting bullish momentum following its Q1 FY26 earnings.
After a long period of correction—where the stock declined nearly 68% from its April 2022 peak of ₹3,050—analysts now suggest that Adani Green may be forming a technical base between ₹750 and ₹900. SEBI-registered analyst Rohit Mehta commented that if the stock breaks above the ₹1,300 level, it could signal a fresh uptrend and renewed investor confidence.
Adani Green Q1 FY26 Results Show Robust Growth Across Metrics
Adani Green’s financial results for the April–June 2025 quarter (Q1 FY26) were well received by the market. The company posted a net profit of ₹713 crore, marking a 60% year-on-year (YoY) growth from ₹446 crore last year. Some reports, depending on accounting treatment, pegged net profit at ₹824 crore, showing a 31% YoY increase.
Revenue from operations also climbed significantly, ranging between ₹3,312 crore to ₹3,800 crore, a rise of 31% to 36% YoY, depending on segmental reporting. The company’s operational renewable energy capacity expanded 45% YoY, reaching approximately 15.8 GW—with 4.9 GW added in the past year, including 1.6 GW in Q1 alone, making it India’s largest greenfield addition during that time.
Energy sales jumped 42% YoY to 10,479 million units, and the company successfully delivered 31% of its annual Power Purchase Agreement (PPA) commitments in just the first quarter, suggesting efficient project execution and consistent demand. EBITDA margins were around 80%, indicating strong operational performance.
Analyst Take: Strong Potential But Expensive Valuation
While the earnings surge has sparked optimism, analysts urge caution. The stock is currently trading at a Price-to-Earnings (P/E) ratio of ~109.7, which is significantly higher than the industry average of ~22.2. The Return on Equity (ROE) stands at 14%, with a debt-to-equity ratio of approximately 6.6, signaling aggressive leverage.
These figures indicate high growth expectations, but they also pose valuation risks. Market watchers believe that unless Adani Green continues delivering record growth and operational efficiency, the stretched valuation may not be sustainable in the long run.
That said, technical analysts emphasize that ₹1,300 is a crucial breakout point. If breached, it could lead to price re-rating and increased institutional interest.
Broader Context and What Lies Ahead
Adani Green’s earnings come at a time when the broader market is showing increasing interest in clean energy and sustainability-driven investments. More than 90 companies announced quarterly results today, and Adani Green remained one of the most tracked stocks across financial platforms.
The company continues to diversify and expand its renewable portfolio across solar, wind, and hybrid energy sources. Currently, it operates across 11 Indian states, with a focus on building long-term value through reliable PPAs and scale efficiencies.
However, some risks remain. Apart from the valuation stretch, governance concerns surrounding the Adani Group continue to linger. Investigations including the 2023 Hindenburg short-seller report and U.S. bribery probes in 2024-25 may weigh on institutional sentiment. For long-term investors, these elements will be crucial in assessing the stock’s sustainability and risk-adjusted return.
Conclusion
Adani Green Energy is showing strong financial and operational momentum, with notable growth in energy sales and capacity expansion. While investor sentiment is turning positive with the latest earnings surprise, valuation remains a major concern, and the ₹1,300 level is being closely watched for potential upside. Governance and leverage-related risks remain on the horizon. Investors looking for exposure to India’s clean energy story will need to balance growth potential with prudent risk management.
F.A.Q.
– Why did Adani Green shares rise today?
Adani Green shares rose by approximately 2.8% due to strong Q1 FY26 results, including a 60% YoY increase in net profit and a significant rise in energy sales and renewable capacity. Investor sentiment improved following better-than-expected performance.
– Is Adani Green share a good investment now?
While the company has shown strong growth, the stock trades at a high P/E ratio of ~109.7, well above the industry average. Analysts suggest watching the ₹1,300 level for a potential breakout, but caution is advised due to high valuations and governance concerns.
– What is the technical outlook for Adani Green shares?
Analysts suggest the stock has formed a support base between ₹750–₹900. A breakout above ₹1,300 could signal a new uptrend. However, the valuation remains stretched, so technical and fundamental analysis should both be considered.
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