Archive · 24 Jan 2026
Adani Green Profit Drops 99% Amid Legal Issues
Adani Green Energy, a company that makes renewable energy, had a very big drop in profit for the last three months of the year.
They made much less money because they sold a lot of electricity in a market where prices are very low and had to pay a lot more in interest and other costs.
At the same time, the US government is trying to serve legal papers to the Adani family, saying they were involved in a bribery scheme.
The company says these claims are not true and they are not part of any legal proceedings.
The news caused their stock prices to drop a lot.
Adani Green Energy's net profit dropped 99% to ₹5 crore in Q3 FY26 from ₹474 crore in Q3 FY25.
Revenue from operations rose 9% year-on-year to ₹2,618 crore.
High sales in the spot market and increased interest costs contributed to the profit decline.
The US SEC seeks to serve legal summons to Gautam and Sagar Adani, alleging involvement in a bribery scheme.
Adani Enterprises denies allegations and states it is not a party to any legal proceedings.
- Who
- Adani Green Energy Ltd and Adani Group
- What
- Reported a 99% drop in net profit for Q3 FY26 and faced US SEC legal proceedings
- When
- Quarter ended 31 December 2025 and legal developments on January 23, 2026
- Where
- India and US
- Why
- Due to high sales in the spot market, increased interest costs, and allegations of bribery by the US SEC
Adani Group
US SEC
Legal Proceedings
Adani Group
Adani Enterprises claims it is not a party to any legal proceedings and denies allegations.
US SEC
The US SEC seeks to serve legal summons to Gautam and Sagar Adani, alleging involvement in a bribery scheme.
- Net Profit (Q3 FY26)
- ₹5 crore
- Net Profit (Q3 FY25)
- ₹474 crore
- Revenue from Operations (Q3 FY26)
- ₹2,618 crore
- Interest Cost (Q3 FY26)
- ₹1,698 crore
- Other Expenses (Q3 FY26)
- ₹328 crore
- Net Debt (as of 30 September 2025)
- ₹76,071 crore
- Operational Renewable Energy Portfolio (as of 31 December 2025)
- 17.2GW
- Target Capacity by FY30
- 50GW
- Stock Decline (January 23, 2026)
- Adani Green Energy Ltd down 14.6%