# Why did Adani Green shares fall? Adani Green shares dropped 5% following Bernstein's Underperform rating. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/19fc0d1e-7c66-455a-9ecd-52cf693b84aa ## Adani Green's Q1 performance Adani Green Energy reported a 19% increase in consolidated net profit to Rs 845 crore in Q1 FY27. Revenue rose 16% to Rs 4,663 crore, while power supply revenue jumped 29% to Rs 4,280 crore. ## Operational capacity increase The company's operational capacity grew by 27% to 20,142 MW, supported by greenfield capacity additions and higher production. Energy sales increased by 30% to 13,657 million units. ## Bernstein's concerns Bernstein expressed concerns over Adani Green's new structure for the commercial and industrial segment, despite its leadership in renewable energy. The new structure shifted a portion of potential upside to Adani Energy Solutions. ## New structure and its impacts Adani Green allocated its 4 GW operational and planned capacity, along with 10 GWhr of battery storage, to Adani Energy Solutions on a long-term fixed tariff basis. This structure allowed Adani Green to focus but resulted in losing some potential upside. ## Management commentary CEO Ashish Khanna highlighted a strong start to FY27, surpassing the 20 GW operational capacity milestone. He emphasized the critical role of storage as renewable energy penetration increases. ## Future projects Adani Green is progressing on the development of a 30 GW renewable energy plant in Khavda, Gujarat. The project spans an area five times the size of Paris and is planned for completion by 2029. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/adani-green-shares-tumble-5-after-q1-results-heres-why-bernstein-has-an-underperform-rating/articleshow/132572487.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._