Adani Green Energy Ltd (AGEL) has reported a consolidated net profit of INR 515 crore in the second quarter (July-Aug.-Sept.) of FY 2024-25, a 39% increase compared to INR 371 crore in the corresponding period of FY 2023-24. Consolidated revenue from operations increased 16.33% year-on-year to INR 2,308 crore.
H1 FY 2025
Adani Green’s revenue for the six months ending Sept. 30, 2024 (H1 FY 2025) stood at INR 4,836 crore, a 20% increase compared to INR 4,029 crore in H1 FY 2024.
Operational capacity expanded by 34% YoY to 11,184 MW, with greenfield addition of 2,868 MW power plants (2,418 MW solar and 450 MW wind).
Energy sales increased 20% YoY propelled by the robust capacity additions and strong operational performance.
Amit Singh, CEO of Adani Green Energy Ltd, stated “Our financial performance continues to be strong, driven by significant greenfield capacity additions and robust operational efficiency. Entering the C&I space by signing our first contract underscores our commitment to decarbonizing industries, with plans to expand our merchant and C&I exposure to 15% by 2030. Our growth is driven by a robust capital management plan with utmost credit discipline. Having delivered the intended capacity growth, we completely redeemed the $750 million Holdco bond in line with our commitment, resulting in systematic deleveraging.”
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