Adani Green Energy Q1 Results: Company’s EBITDA Rises To Rs 2,374 Crore, Up 23%

Adani Green Energy's robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition of 2,618 MW over the last year

Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy company, has announced financial results for the quarter ended June 30, 2024, showcasing significant growth and operational excellence. The robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition of 2,618 MW over the last year.

FINANCIAL PERFORMANCE – Q1 FY25

(Rs in crore)

Particulars		Quarterly Performance
		Q1 FY24		Q1 FY25		% change
Revenue from Power Supply		2,045		2,528		24%
EBITDA from Power Supply 1		1,938		2,374		23%
EBITDA from Power Supply (%)		92.5%		92.6%
Cash Profit 2		1,051		1,390		32%

Amit Singh, CEO of Adani Green Energy Ltd, said, "We are working relentlessly towards the development of world’s largest single-location renewable energy plant of 30 GW at Khavda in Gujarat. To enable accelerated implementation, we have deployed advanced robotics technology for installation of solar modules, significantly enhancing productivity. Additionally, we have developed an extensive local supply chain and established a sustained mobilisation of human resources."

He further said, "Adani Green is well on track to achieve its 2030 capacity target of 50 GW including at least 5 GW energy storage in the form of pumped hydro, with sites already secured and clear visibility on evacuation. The global recognition of our ESG efforts further strengthens our resolve to deliver sustainable, industry-leading growth."

Adani Green Energy has said it has operationalised a 250MW wind power generation at the world's largest 30,000 MW renewable energy plant at Khavda, Gujarat. With this milestone, 2,250 MW of cumulative capacity has been made operational at the Khavda plant, Adani Green Energy Ltd (AGEL) said in a statement.

The operationalisation of 250 MW wind capacity at Khavda further strengthens AGEL's leadership in India with the largest operational portfolio of 11,184 MW, the statement added. Khavda has one of the best wind resources in India, with speeds of 8 meters per second making it an ideal location to harness wind energy.