Adani Green Energy reported a staggering 98.9% year-on-year plunge in net profit to Rs 5 crore for Q3 FY26 (October-December 2025), despite robust revenue growth of 30% to Rs 2,201 crore and a 47.5% EBITDA jump to Rs 1,824 crore with margins at 82.9%. Announced on January 23, 2026, the results triggered a 13.1% stock drop to Rs 791.7 amid broader Adani Group sell-off and fresh U.S. SEC filings seeking email summons on bribery allegations.

Total expenses soared to Rs 2,961 crore from Rs 2,329 crore, with finance costs at Rs 1,698 crore and depreciation at Rs 886 crore reflecting aggressive expansion . This flipped Q3 to a consolidated net loss of Rs 41 crore versus Rs 492 crore profit last year, though nine-month revenue hit Rs 9,426 crore (up 15.8%) and net profit stood at Rs 1,473 crore.

SEC's November 2024 civil suit accuses Gautam and Sagar Adani of a $265 million bribery scheme for power deals; India blocked prior summons, prompting email requests the group calls "baseless" . Yet operations shone: capacity reached 17.2 GW (up 48% YoY), with 3 GW added in nine months and energy sales up 37% to 27,636 million units toward 50 GW by 2030 . CEO Ashish Khanna eyes 5.6 GW more in 2026 using advanced tech