AHMEDABAD: The renewable energy arm of diversified conglomerate Adani Group – Adani Green Energy Limited (AGEL) on Thursday announced its consolidated net profit for the first quarter of FY 2025 has increased 32% to Rs 1,390 crore. The company posted a net profit of Rs 1,051 crore in the year-ago period.
The Adani Group firm’s total income from power supply increased 24% to Rs 2,528 crore during the quarter as compared to Rs 2,025 crore in the year-ago period.
The robust growth in revenue, EBITDA and cash profit was primarily driven by a capacity addition of 2,618 MW over the last year, the company said in a statement.
“In the first quarter, the company’s operational capacity expanded by 31% year-on-year to 10,934 MW, with greenfield additions, including 2,000 MW of solar capacity in Khavda, 418 MW of solar capacity in Rajasthan and 200 MW of wind capacity in Gujarat,” AGEL said.
“We are working relentlessly towards the development of the 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,” said AGEL CEO, Amit Singh.
AGEL’s shares were priced at Rs 1,820.7 apiece on BSE India as the market closed on Thursday.
The Adani Group firm’s total income from power supply increased 24% to Rs 2,528 crore during the quarter as compared to Rs 2,025 crore in the year-ago period.
The robust growth in revenue, EBITDA and cash profit was primarily driven by a capacity addition of 2,618 MW over the last year, the company said in a statement.
“In the first quarter, the company’s operational capacity expanded by 31% year-on-year to 10,934 MW, with greenfield additions, including 2,000 MW of solar capacity in Khavda, 418 MW of solar capacity in Rajasthan and 200 MW of wind capacity in Gujarat,” AGEL said.
“We are working relentlessly towards the development of the 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,” said AGEL CEO, Amit Singh.
AGEL’s shares were priced at Rs 1,820.7 apiece on BSE India as the market closed on Thursday.