- Operationalizes Wind Power Capacity of 250 MW at Khavda deploying India’s Largest 5.2 MW Wind Turbine Generators
- Achieves 3rd Rank in FTSE Russell ESG Assessment in the Alternative Electricity Segment, Securing Top Governance Score of 5.0
- Revenue Growth: Increased by 24% YoY to Rs. 2,528 crore
- Cash Profit Surge: Rose by 32% YoY to Rs. 1,390 crore
- PAT doubles to Rs 629 cr on strong sales
NE BUSINESS BUREAU
AHMEDABAD, JULY 26
Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy company, has announced on Thursday its first-quarter profit almost doubled from a year earlier, helped by strong energy sales and increased operational capacity.
The company, part of billionaire Gautam Adani’s ports-to-power conglomerate, said its consolidated profit rose to Rs 629 crore in the quarter, from Rs 323 crore a year earlier.
Adani Green’s energy sales increased by 22 per cent year-on-year to 7,356 million units in the quarter.
The company’s operational capacity currently stands at 11.2 gigawatts (GW), of which solar energy alone accounts for almost two-thirds.
Its solar capacity utilisation factor (CUF), which measures generation capacity to installed capacity, clocked a growth of 25.4 per cent in the quarter, while the CUF in its wind power business jumped 36.2 per cent.
That helped revenue from operations jump 31.1 per cent to Rs 2,834.
FINANCIAL PERFORMANCE – Q1 FY25:
(Rs. in crore)
| Particulars | Quarterly Performance | ||
| Q1 FY24 | Q1 FY25 | % change | |
| Revenue from Power Supply | 2,045 | 2,528 | 24% |
| EBITDA from Power Supply 1 | 1,938 | 2,374 | 23% |
| EBITDA from Power Supply (%) | 92.5% | 92.6% | |
| Cash Profit 2 | 1,051 | 1,390 | 32% |
The robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition of 2,618 MW over the last year.
Amit Singh, CEO of Adani Green Energy Ltd, stated “We are working relentlessly towards the development of world’s largest single-location renewable energy plant of 30 GW at Khavda in Gujarat. To enable accelerated implementation, we have deployed advanced robotics technology for installation of solar modules, significantly enhancing productivity. Additionally, we have developed an extensive local supply chain and established a sustained mobilization of human resources.”
He further said “Adani Green is well on track to achieve its 2030 capacity target of 50 GW including at least 5 GW energy storage in the form of pumped hydro, with sites already secured and clear visibility on evacuation. The global recognition of our ESG efforts further strengthens our resolve to deliver sustainable, industry-leading growth.”
