Adani Green reports Rs 37.83 bn in revenue in FY21-22
POWER & RENEWABLE ENERGY

Adani Green reports Rs 37.83 bn in revenue in FY21-22

Adani Green Energy reported revenue of Rs 37.83 billion from the power supply for the FY21-22, a 56% year-over-year (YoY) hike from Rs 24.19 billion in FY20-21.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) were reported at Rs 35.30 billion, a 60% YoY surge from Rs 22.07 billion in FY21.

The company's total cash profit for FY22 was recorded at Rs 18.54 billion, a 48% YoY increase from Rs 12.50 billion in the previous year.

It added 1.94 GW and improved solar and wind capacity utilisation factor (CUF).

The company reported sales of 9,426 million units of energy during FY22, a 72% YoY surge compared to 5,482 million units in FY21.

Its solar energy assets provided 8,097 million units of energy during the year, a 66% YoY surge from the previous year, while the wind energy assets provided 1,329 million units, increasing by 123% YoY.

The company witnessed improvement in the CUF of the solar and wind energy assets in FY22. The solar portfolio CUF increased to 23.8% by 130 basis points (bps) from 22.5%, and the wind portfolio CUF increased to 30.8% by 400 bps from 26.8% in the last year.

It generated Rs 11.28 billion in revenue from the power supply in the fourth quarter (Q4) of FY22, a 63% increase compared to Rs 6.9 billion during the same period last year. It increased by 16% quarter-over-quarter (QoQ) compared to Rs 9.73 billion in Q3 of FY22.

The EBITDA stood at Rs 10.59 billion, up by 69% YoY compared to Rs 6.26 billion in Q4 of FY21.

The company witnessed a total cash profit from the power supply at Rs 5.63 billion, a 51% YoY growth from Rs 3.73 billion.

Moreover, Adani sold 2,971 million units of energy during the quarter, an 84% YoY growth compared to the same period last year. From this, solar contributed 2,717 million units, 83% YoY growth, and wind contributed 254 million units, with 92% YoY growth.

Its overall operational capacity increased to 5.41 GW, a 56% YoY growth compared to 3.47 GW in FY 21.

Adani Green Energy's total portfolio now stands at 20.43 GW, with the recent letter of award and signing of the power purchase agreement (PPA) for the 150 MW solar power project with Punjab State Distribution Company in Q4 FY22.

This year in April, International Holding Company (IHC) announced an investment of $2 billion in three arms of Adani Group. Adani Green would receive $500 million from this investment.

Recently, Adani Green Energy raised a $288 million financing facility by expanding its construction financing framework to $1.64 billion for its under-construction renewable asset portfolio through the agreements signed with major lenders.

Image Source

Also read: Adani Green raises $288-mn for its under-construction RE portfolio

Adani Green Energy reported revenue of Rs 37.83 billion from the power supply for the FY21-22, a 56% year-over-year (YoY) hike from Rs 24.19 billion in FY20-21. The earnings before interest, taxes, depreciation and amortisation (EBITDA) were reported at Rs 35.30 billion, a 60% YoY surge from Rs 22.07 billion in FY21. The company's total cash profit for FY22 was recorded at Rs 18.54 billion, a 48% YoY increase from Rs 12.50 billion in the previous year. It added 1.94 GW and improved solar and wind capacity utilisation factor (CUF). The company reported sales of 9,426 million units of energy during FY22, a 72% YoY surge compared to 5,482 million units in FY21. Its solar energy assets provided 8,097 million units of energy during the year, a 66% YoY surge from the previous year, while the wind energy assets provided 1,329 million units, increasing by 123% YoY. The company witnessed improvement in the CUF of the solar and wind energy assets in FY22. The solar portfolio CUF increased to 23.8% by 130 basis points (bps) from 22.5%, and the wind portfolio CUF increased to 30.8% by 400 bps from 26.8% in the last year. It generated Rs 11.28 billion in revenue from the power supply in the fourth quarter (Q4) of FY22, a 63% increase compared to Rs 6.9 billion during the same period last year. It increased by 16% quarter-over-quarter (QoQ) compared to Rs 9.73 billion in Q3 of FY22. The EBITDA stood at Rs 10.59 billion, up by 69% YoY compared to Rs 6.26 billion in Q4 of FY21. The company witnessed a total cash profit from the power supply at Rs 5.63 billion, a 51% YoY growth from Rs 3.73 billion. Moreover, Adani sold 2,971 million units of energy during the quarter, an 84% YoY growth compared to the same period last year. From this, solar contributed 2,717 million units, 83% YoY growth, and wind contributed 254 million units, with 92% YoY growth. Its overall operational capacity increased to 5.41 GW, a 56% YoY growth compared to 3.47 GW in FY 21. Adani Green Energy's total portfolio now stands at 20.43 GW, with the recent letter of award and signing of the power purchase agreement (PPA) for the 150 MW solar power project with Punjab State Distribution Company in Q4 FY22. This year in April, International Holding Company (IHC) announced an investment of $2 billion in three arms of Adani Group. Adani Green would receive $500 million from this investment. Recently, Adani Green Energy raised a $288 million financing facility by expanding its construction financing framework to $1.64 billion for its under-construction renewable asset portfolio through the agreements signed with major lenders. Image SourceAlso read: Adani Green raises $288-mn for its under-construction RE portfolio

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