Adani Green Energy Reports 18% YoY EBITDA Growth For 9 Months Of FY25

This financial performance was driven by significant greenfield capacity additions of 3.1 GW and consistent plant performance, the company noted

Adani Green Energy reported an 18 per cent year-on-year (YoY) increase in its EBITDA for the first nine months of the fiscal year, reaching Rs 6,366 crore on Thursday. The company’s operational renewable energy capacity grew by 37 per cent YoY, reaching 11.6 GW. In the calendar year 2024 (CY24), Adani Green Energy contributed 15 per cent of India's utility-scale solar capacity and 12 per cent of wind installations, according to its release.

Energy sales saw 23 per cent YoY growth at 20,108 million units, while revenue increased by 18 per cent YoY to Rs 6,829 crore. The company also reported an industry-leading EBITDA margin of 92.0 per cent, with cash profit soaring 23 per cent YoY to Rs 3,630 crore.

This financial performance was driven by significant greenfield capacity additions of 3.1 GW and consistent plant performance, the company noted.

Amit Singh, CEO of Adani Green Energy, said, "We are steadily developing the world’s largest RE plant in Khavda, Gujarat as well as large-scale plants in Rajasthan and other sites, supported by well aligned transmission planning. We have upgraded our supply chain to meet current and future regulatory compliances. Recently, we made significant progress in building the PPA pipeline by participating in various tenders. Our updated strategy now includes large-scale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters.”

“BESS can be deployed relatively quickly and will be crucial in grid integration, supporting rapid renewable growth and complementing our existing solar, wind and hydro pumped storage projects. We continue to ensure that the financing tie up is completed well in advance for all our projects backed by a robust capital management program with a diversified pool of capital,” he added.

Meanwhile,  the firm also recorded its third-quarter financial results for the fiscal year 2024-25 as well, the company’s consolidated net profit for Q3 surged over 85 per cent, reaching Rs 474 crore, up from Rs 256 crore in the same period last year.

The pure-play renewable energy firm also saw a 2.3 per cent increase in revenue from operations of Rs 2,365 crore in Q3FY25, compared to Rs 2,311 crore in the same quarter of the previous year.

However, EBITDA fell 4 per cent at Rs 1,601 crore compared to Rs 1,666 crore in Q3FY24. As a result, the EBITDA margin declined to 67.7 per cent, down from 72.1 per cent in the same period last year.