Adani Green Q3 Profits Soar 84%, Operational Capacity Grows 37%

28 Jan 2025 CW Team

Despite the rise in profit, the company's revenue declined slightly by 1.68 per cent Y-o-Y to Rs 26.3 billion in Q3 FY 2025, down from Rs 26.75 billion. The earnings per share (EPS) improved to Rs 2.92 at a face value of Rs 10 per share, compared to Rs 1.42 in Q3 FY 2024. Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also increased by 13 per cent Y-o-Y to Rs 18.48 billion, up from Rs 16.38 billion.

In the first nine months (9M) of FY 2025, AGEL’s net profit surged by 90.25 per cent Y-o-Y to Rs 17.58 billion from Rs 9.24 billion. The company’s consolidated revenue grew by 18.97 per cent Y-o-Y to Rs 91.06 billion, compared to Rs 76.54 billion in 9M FY 2024.

The EPS for this period stood at Rs 7.11, an increase from Rs 5.44 in the previous year. Energy sales rose 23 per cent Y-o-Y to 20,108 million units, while the EBITDA increased by 18 per cent Y-o-Y to Rs 63.66 billion, up from Rs 54.12 billion.

AGEL's operational capacity grew by 37 per cent to 11,609 MW during 9M FY 2025, including a greenfield addition of 3,131 MW. These additions included 2,113 MW of solar and 312 MW of wind capacity in Khavda, 580 MW of solar capacity in Rajasthan, and 126 MW of wind capacity in Gujarat.

In Khavda Solar Park, 2.4 GW of capacity is now operational, and the company has set a target to reach 30 GW by 2029.

AGEL signed a Rs 293.92 billion construction framework agreement to secure fully funded growth. Additionally, it entered into power purchase agreements with Maharashtra state electricity distribution companies to supply 5 GW of solar power over 25 years.

AGEL generated a revenue of Rs 23.09 billion from power supply in Q2 FY 2025, marking a 16 per cent Y-o-Y increase from Rs 19.84 billion. In Q1 FY 2025, revenue rose by 24 per cent Y-o-Y to Rs 25.28 billion, driven largely by capacity additions.

News source: Mercom India

Adani Green Energy (AGEL), a renewable energy company, reported an 84.07 per cent year-over-year (YoY) increase in net profit for the third quarter (Q3) of the financial year (FY) 2025, reaching Rs 5.43 billion, compared to Rs 2.95 billion in the same quarter of the previous year. Despite the rise in profit, the company's revenue declined slightly by 1.68 per cent Y-o-Y to Rs 26.3 billion in Q3 FY 2025, down from Rs 26.75 billion. The earnings per share (EPS) improved to Rs 2.92 at a face value of Rs 10 per share, compared to Rs 1.42 in Q3 FY 2024. Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also increased by 13 per cent Y-o-Y to Rs 18.48 billion, up from Rs 16.38 billion. In the first nine months (9M) of FY 2025, AGEL’s net profit surged by 90.25 per cent Y-o-Y to Rs 17.58 billion from Rs 9.24 billion. The company’s consolidated revenue grew by 18.97 per cent Y-o-Y to Rs 91.06 billion, compared to Rs 76.54 billion in 9M FY 2024. The EPS for this period stood at Rs 7.11, an increase from Rs 5.44 in the previous year. Energy sales rose 23 per cent Y-o-Y to 20,108 million units, while the EBITDA increased by 18 per cent Y-o-Y to Rs 63.66 billion, up from Rs 54.12 billion. AGEL's operational capacity grew by 37 per cent to 11,609 MW during 9M FY 2025, including a greenfield addition of 3,131 MW. These additions included 2,113 MW of solar and 312 MW of wind capacity in Khavda, 580 MW of solar capacity in Rajasthan, and 126 MW of wind capacity in Gujarat. In Khavda Solar Park, 2.4 GW of capacity is now operational, and the company has set a target to reach 30 GW by 2029. AGEL signed a Rs 293.92 billion construction framework agreement to secure fully funded growth. Additionally, it entered into power purchase agreements with Maharashtra state electricity distribution companies to supply 5 GW of solar power over 25 years. AGEL generated a revenue of Rs 23.09 billion from power supply in Q2 FY 2025, marking a 16 per cent Y-o-Y increase from Rs 19.84 billion. In Q1 FY 2025, revenue rose by 24 per cent Y-o-Y to Rs 25.28 billion, driven largely by capacity additions. News source: Mercom India

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