Adani Green Energy (AGEL) announced its financial report for the first half of financial year 2025.
Here are the key highlights
Revenue Surge: Revenue increased by 20 percent YoY to ₹4,836 crore in H1 FY25, compared to ₹4,029 crore in H1 FY24.
EBITDA Growth: AGEL reported a 20 percent growth in EBITDA, reaching ₹4,518 crore for H1 FY25, with cash profit rising by 27 percent year-on-year (YoY) to ₹2,640 crore.
Quarterly Performance: In Q2 FY25, EBITDA from power supply increased by 17 percent, reaching ₹2,143 crore from ₹1,835 crore in Q1 FY25.
Capacity Expansion: Operational capacity expanded by 34 percent YoY to 11,184 MW, driven by greenfield additions of 2,868 MW, including major solar and wind projects across several states.
Energy Sales Growth: Energy sales grew by 20 percent YoY due to increased capacity and operational efficiency. The company’s power generation for FY24 exceeded commitments, and it has already generated 57 percent of its FY25 targets.
New Contracts: AGEL signed its first contract in the commercial and industrial (C&I) space, aiming to expand its C&I exposure to 15 percent by 2030. The company also secured a 5 GW solar energy contract under a 25-year power purchase agreement with MSEDCL.
Deleveraging and Bond Redemption: AGEL fully redeemed its $750 million Holdco bond, marking systematic deleveraging as part of its robust capital management plan.
2030 Renewable Energy Target: AGEL remains on track to achieve its 50 GW renewable energy (RE) capacity target by 2030, including at least 5 GW of energy storage.
CEO Amit Singh emphasized the company’s commitment to decarbonizing industries and maintaining operational efficiency while growing its greenfield capacity.