- Cash profit increases by 47% to Rs. 1,292 cr
- Revenue from Power Supply increases by 54% YoY to Rs.2,655 cr
- Operational Capacity increases by 83% YoY to 5,410 MW
- 65% of AGEL’s total operating capacity is now single-use plastic (SUP) free with SUP free certification received for additional 37 operational plants in Q3 FY22
NE BUSINESS BUREAU
AHMEDABAD, FEB 2
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, on Wednesday posted a nearly 20 percent rise in its consolidated net profit to Rs 49 crore in the October-December quarter compared to the year-ago period mainly on the back of higher revenues.
The company had reported a consolidated net profit of Rs 41 crore in the quarter ended on December 31, 2020, a company release said.
The total income of the company rose to Rs 1,471 crore in the quarter from Rs 843 crore in the same period a year ago.
Financial Performance – Q3 & 9M FY22:(Rs. Cr.)
| Particulars | Nine months performance | Quarterly performance | ||||
| 9M FY22 | 9M FY21 | % change | Q3 FY22 | Q3 FY21 | % Change | |
| Revenue from Power Supply | 2,655 | 1,729 | 54% | 973 | 591 | 65% |
| EBITDA from Power Supply 1 | 2,474 | 1,582 | 56% | 895 | 532 | 68% |
| EBITDA from Power Supply (%) | 92.4% | 90.8% | 91.2% | 90.0% | ||
| Cash Profit 2 | 1,292 | 877 | 47% | 432 | 285 | 52% |
Operational Performance – Q3 & 9M FY22:
| Particulars | Nine months performance | Quarterly performance | |||||
| 9M FY22 | 9M FY21 | % change | Q3 FY22 | Q3 FY21 | % change | ||
| Sale of Energy (Mn units) | 6,456 | 3,857 | 67% | 2,504 | 1,273 | 97% | |
| – Solar | 5,380 | 3,392 | 59% | 2,300 | 1,172 | 96% | |
| – Wind | 1,076 | 465 | 131% | 204 | 101 | 102% | |
| Solar portfolio CUF (%) | 22.6% | 22.1% | 21.9% | 20.8% | |||
| Wind portfolio CUF (%) | 33.2% | 28.5% | 18.6% | 18.5% | |||
“The continued robust operational performance and improving visibility of growth with firm PPAs demonstrate that we are well on track to become the largest renewable player by 2030” said Vneet S Jaain, MD & CEO, Adani Green Energy Ltd. He further said, “Our commitment towards ESG is only getting stronger with the global recognition of our efforts to light up the world with green energy and to further incorporate the best ESG practices on all fronts.”