Earnings Review
New projects help Adani Green Energy post 53% jump in PAT
This story was originally published at 22:37 IST on 28 April 2025
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--Adani Green Jan-Mar consol net profit INR 2.30 bln vs INR 1.50 bln yr ago
--Adani Green Jan-Mar consol revenue INR 30.73 bln vs INR 25.27 bln yr ago
--Adani Green FY25 consol net profit INR 14.44 bln vs INR 11.00 bln year ago
--Adani Green FY25 consol revenue INR 112.12 bln vs INR 92.20 bln year ago
--Adani Green Jan-Mar revenue from power supply INR 26.66 bln, up 37% YoY
--Adani Green Jan-Mar EBITDA from power supply INR 24.53 bln, up 35% YoY
--Adani Green Jan-Mar EBITDA margin from power supply 91.0% vs 91.3% yr ago
By Avishek Rakshit
KOLKATA – Commissioning of new green energy projects leading to higher sales saw Adani Green Energy Ltd. report a 53.3% on-year surge in its consolidated net profit for the March quarter to INR 2.3 billion. The revenue, at INR 30.7 billion, increased by 21.6% on year.
In the year-ago period, the country's largest pure play renewable energy company reported a consolidated net profit of INR 1.5 billion, and revenues of INR 25.3 billion.
The company's revenue from power supply increased 37% on year to INR 26.7 billion in Jan-Mar. The EBITDA from power supply during Jan-Mar increased by INR 24.5 billion, up 35% on year, but the EBITDA margin declined marginally to 91.0% compared to 91.3% in the year-ago period.
In a statement, the company said its revenue, cash profit and earnings interest, tax, depreciation, and amortisation growth was primarily backed by robust greenfield capacity addition of 3.3 gigawatts, deployment of advanced renewable energy technologies, and superior plant performance. The company is focussing on generating electricity exceeding the overall annual commitment under power purchase agreements with its consumers. In 2024-25 (Apr-Mar), its power purchase agreement based electricity generation was 107% of the annual commitment.
On account of greenfield projects totalling 3.3 gigawatts in capacity – the highest addition in the last financial year by any green energy company, Adani Green Energy's operational renewable power capacity grew by 30% to 14.2 gigawatts, and contributed to 16% of nationwide utility-scale solar and 14% of wind installations in FY25. The greenfield additions in FY25 included 1,460 megawatts of solar capacity, 599 megawatts of wind capacity in Khavda, Gujarat, 1,000 megawatts of solar capacity in Rajasthan, and 250 megawatts of solar capacity in Andhra Pradesh.
During FY25, energy sales volume increased by 28% to nearly 28 billion units which is equivalent to half of Singapore's annual power consumption, and this led the EBITDA to increase by 22% to INR 88.2 billion with an EBITDA margin of 91.7%. The cash profit surged as well by 22% to INR 48.7 billion in FY25.
During the year ended March, Adani Green Energy reported a 31.3% jump in its consolidated net profit to INR 14.4 billion, and revenue increased by 21.6% to INR 112.1 billion.
"We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat having operationalized 4.1 GW of solar and wind capacity within two years of commencing construction. We delivered high solar capacity utilisation factor of 32.4% in Q4 FY25," Sagar Adani, executive director of Adani Green Energy, said.
The 30 gigawatt renewable plant in Khavda is spread across 538 square km, which is five times the area of the city of Paris. Currently, the company's plants in this area generate 4,059 megawatts of electricity.
On Monday, shares of Adani Green Energy closed over 3% higher at INR 941 on the National Stock Exchange. The company declared it results after market hours. End
Edited by Ashish Shirke
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