- Operational Capacity increases by 65% YoY to 5,800 MW
- Commissioned India’s first Solar-Wind Hybrid project of 390MW at Jaisalmer, Rajasthan
- Sale of energy increases by 73% YoY to 3,550 mn units
- AGEL receives ESG score of 66/ 100, the highest in Indian Power sector, in CRISIL Sustainability Yearbook 2022
NE BUSINESS BUREAU
AHMEDABAD, AUG 3
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, on Tuesday said its cash profit surged by 48 per cent year-on-year to Rs 680 crore for the quarter ended June 30, 2022.
During the quarter under review, the company’s operational capacity rose by 65 percent year-on-year to 5,800 MW.
The company’s revenue from power supply rose by 57 per cent YoY to Rs 1,328 crore.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) from power supply increased by 60 per cent YoY to Rs 1,265 crore with a consistent EBITDA margin of 92 percent.
Adani Green Energy Ltd said in a statement, “consistent EBITDA margin backed by high solar, wind and hybrid CUF and cost efficiencies brought in through real-time centralised monitoring through Energy Network Operation Centre.”
“With the deployment of the latest technologies and analytics-driven O&M, AGEL’s Solar and Wind portfolio performance has continued to improve. We are further proud of our teams that have enabled the commissioning of India’s first solar-wind hybrid capacity of 390 MW at Jaisalmer, Rajasthan, with more such projects in the pipeline,” Vneet S Jaain, MD & CEO, Adani Green Energy Ltd, said in a statement.
“We will continue to deploy the latest technologies to enable higher and cost-efficient RE power generation with flexible integration with the grid,” he said.
“Simultaneously, we are striving to increase our ESG efforts with which our commitment to light up a sustainable future is only growing stronger. We will continue our journey towards strengthening the governance standards that we began with revision in the board committee charters in favour of more independent director representation and formation of new committees.”
Operational Performance
| Particulars | Quarterly performance | ||
| Q1 FY23 | Q1 FY22 | % change | |
| Operational Capacity | 5,800 | 3,520 | 65% |
| – Solar | 4,763 | 3,023 | 58% |
| – Wind | 647 | 497 | 30% |
| – Solar-Wind Hybrid | 390 | – | NA |
| Sale of Energy (Mn units) 1 | 3,550 | 2,054 | 73% |
| – Solar | 2,751 | 1,650 | 67% |
| – Wind | 665 | 404 | 65% |
| – Solar-Wind Hybrid | 134 | – | NA |
| Solar portfolio CUF (%) | 26.5% | 25.0% | |
| Wind portfolio CUF (%) | 47.0% | 38.5% | |
| Solar-Wind Hybrid (%) | 43.4% | – | |
Financial Performance
(Rs. Cr.)
| Particulars | Quarterly performance | ||
| Q1 FY23 | Q1 FY22 | % Change | |
| Revenue from Power Supply | 1,328 | 848 | 57% |
| EBITDA from Power Supply 2 | 1,265 | 789 | 60% |
| EBITDA from Power Supply (%) | 92% | 92% | |
| Cash Profit 3 | 680 | 460 | 48% |