Adani Green Energy's capacity rises 27 pc in Q1, posts record quarterly EBITDA of Rs 4,122 crore
Ahmedabad, July 22
Adani Green Energy Limited on Wednesday reported a 27 per cent year-on-year increase in its operational renewable energy capacity to 20.1 GW in the June quarter, helping the company deliver its highest-ever quarterly EBITDA of Rs 4,122 crore as robust capacity additions and higher energy sales boosted financial performance.
The company's operational renewable energy capacity increased to 20,142 MW, reflecting a 27 per cent year-on-year growth, according to its stock exchange filing.
Commenting on the results, AGEL Chief Executive Officer Ashish Khanna said the company began FY27 with strong momentum as disciplined execution enabled it to cross the 20 GW operational capacity milestone while benefiting from improving power demand in India.
"As power demand in India rebounded during the quarter, our expanding renewable energy portfolio enabled us to reliably meet the nation's growing clean energy requirements while continuing to deliver industry-leading operational performance," he said.
"Together with our renewable generation portfolio and storage capacities including pumped hydro storage initiatives, we are building a resilient, flexible and future-ready round-the-clock renewable ecosystem that will help accelerate India's energy transition while strengthening long-term energy security," Khanna mentioned.
During the quarter, AGEL added 848 MW of renewable energy capacity, while its greenfield capacity additions over the past year stood at 4,327 MW.
The capacity expansion translated into record quarterly earnings, with EBITDA from power supply rising 33 per cent year-on-year to Rs 4,122 crore, the highest in the company's history.
The EBITDA margin also improved to an industry-leading 94 per cent from 93 per cent in the corresponding quarter last year.
Revenue from power supply increased 29 per cent year-on-year to Rs 4,280 crore, while cash profit climbed 28 per cent to Rs 2,225 crore during the April-June period.
The company said energy sales rose 30 per cent year-on-year to 13,657 million units, supported by higher operational capacity and improved demand for electricity.
— IANS
Reader Comments
94% EBITDA margin is insane! 🤑 That's industry-leading indeed. But is this sustainable? India's power demand is growing, yes, but we need to ensure that the benefits of this growth reach the common man. Higher margins shouldn't mean higher tariffs for us consumers.
Record quarterly EBITDA of Rs 4,122 crore — that's quite a feat! 👏 I'm glad they're also focusing on pumped hydro storage for round-the-clock renewable energy. India needs reliable green power, not just intermittent solar. Hope other companies follow this model.
Good numbers, but let's not ignore the elephant in the room — Adani Group's history with regulatory compliance and environmental clearances. Yes, renewable energy is crucial for India's climate goals, but we must hold corporations accountable. Green energy shouldn't come at the cost of greenwashing.
As someone working in the power sector, I can say this is a big deal. India's renewable capacity is growing, and AGEL is leading the charge. The 30% rise in energy sales shows demand is real. My only concern: are we investing enough in grid infrastructure to handle this variable generation? 🤔
Fantastic growth numbers! 27% capacity increase and 33% EBITDA jump — this is what 'Make in India' in clean energy looks like. But I hope they are also creating enough local jobs, especially in rural areas where these solar and wind farms are set up. Development should be holistic. 🇮🇳
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