Adani Green Energy on July 25 announced a 95 per cent rise in consolidated net profit to ₹629 crore for the quarter ending June 30, 2024. In comparison, the company had reported a consolidated net profit of ₹323 crore during the same period. Last year’s period.
The Adani group company’s total income rose 22.5 per cent to ₹3,122 crore in Q1FY25, compared to ₹2,550 crore in the year-ago period, according to exchange filings.
“We are continuously working towards the development of the world’s largest single-site renewable energy plant of 30 GW at Khavra, Gujarat. To enable quick implementation, we have deployed advanced robotics technology for installation of solar modules, significantly increasing productivity.
Additionally, we have developed an extensive local supply chain and established continuous mobility of human resources,” said Amit Singh, CEO, Adani Green Energy Limited.
The company said in a press release that the strong growth in revenue, EBITDA and cash profit was primarily driven by capacity addition of 2,618 MW compared to the previous year.
In the first quarter, the company’s operating capacity grew 31 per cent year-on-year to 10,934 MW, including greenfield additions, including 2,000 MW of solar capacity in Khavra, 418 MW of solar capacity in Rajasthan and 200 MW of wind in Gujarat. Capacity included.
Earnings per share (EPS) rose to ₹1.85 in the first quarter, compared to ₹2.63 in the June 2023 quarter.
“This takes the total operating capacity at Khavra to 2.25 GW and the total operating portfolio to 11.2 GW,” Adani Green Energy said.
Adani Green Q1 results: Net profit upgrade 95% to ₹629 crore, revenue at ₹2,528 crore
