Mumbai, Jan. 23 -- Adani Green Energy Ltd, the renewable energy arm of the Adani Group, barely made a profit during the quarter ended 31 December as high sales in the spot market, where prices are subdued, and high interest costs ate into the company's margins.

The company's consolidated net profit in the third quarter of fiscal year 2026 (Q3 FY26) tumbled to Rs.5 crore from Rs.474 crore during the corresponding quarter last year. However, revenue from operations rose over 9% year-on-year to Rs.2,618 crore in the same period.

The fall in profit came as a result of high sale of power in the merchant market, where prices are much lower than those accrued through utility power supply.

Out of its total sale of 27.6 billion units of electri...