Adani Green, Adani Energy, Adani Total Gas: Adani group stocks rally up to 14%; here’s why

Among others, ACC, Adani Ports, Adani Wilmar, Ambuja Cement, NDTV and Sanghi Industries gained in the range of 1-3%. The group flagship Adani Enterprises rose over 4% in intraday trade.  

Here are key reasons behind rally in Adani group stocks:

The rally in Adani Green Energy, Adani Energy Solutions, and Adani Total Gas shares were driven by their earnings reports.

Adani Green Energy has reported a 25% year-on-year (YoY) rise in consolidated net profit to ₹644 crore for Q2 FY26, up from ₹515 crore a year earlier. Revenue from operations was steady at ₹3,008 crore, while power supply revenue rose 20% to ₹2,776 crore, driven by higher generation from new renewable energy capacities.

On the other hand, Adani Total Gas reported a 11.9% YoY decline in net profit to ₹164 crore for Q2 FY26, compared with ₹186 crore a year earlier. Revenue, however, rose 19.6% to ₹1,576.4 crore, driven by higher CNG and PNG volumes. EBITDA fell 3.5% to ₹295.1 crore, with the operating margin narrowing to 18.7% from 23.2% in Q2 FY25. On the operations front, total CNG and PNG volumes grew 16% YoY to 280 MMSCM.

Meanwhile, Adani Energy Solutions reported a sharp 172% YoY rise in consolidated profit after tax (PAT) to ₹773 crore for the second quarter of FY26, driven by robust operational performance and a one-time tax adjustment. Excluding the ₹314 crore deferred tax reversal (MAT entitlement), adjusted PAT stood at ₹459 crore, up 61.6% YoY. Total income grew 69% YoY, while EBITDA rose 31% YoY to ₹1,891 crore, supported by strong revenue growth, steady regulated earnings from Adani Electricity Mumbai Ltd. (AEML), and improved treasury income. The company also raised ₹8,373 crore through a qualified institutional placement (QIP) during the quarter, the largest-ever fundraise in the Indian power sector.