Adani Green Energy reports 66% year-on-year growth for H1 FY24, revenue up to Rs. 4,029 Cr

Operational Performance

Operational Capacity increases by 24% YoY to 8,316 MW with addition of 1,150 MW solar-wind Hybrid, 212 MW solar and 230 MW wind power plants over the last one year

Sale of energy increases by 78% YoY to 11,760 mn units Solar portfolio CUF stands at 25.2% up by 90 bps, Wind portfolio CUF at 40.2% up by 360 bps, and Solar-wind Hybrid portfolio CUF at 45.4% up by 880 bps YoY

Financial Performance

Industry-leading EBITDA margin of 92.2%

Cash profit increases by 63% YoY to Rs 2,082 Cr

Run-rate EBITDA stands at a strong Rs. 7,645 Cr

ESG

AGEL’s Corporate Governance Score upgraded to 7.4, which is in the highest scoring range relative to global peers, in MSCI’s latest ESG rating update on 29 Sep 2023

Adani Green Energy Ltd (AGEL), one of South Asia’s largest and fastest growing pure-play renewable energy companies, recently announced their financial results for the quarter, and half year ending on 30th September 2023. revenue has increased by a substantial 66 per cent year-on-year to reach Rs 4,029 Crores, reflecting AGEL’s remarkable growth in the renewable energy sector. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has shown impressive growth, surging by 58 per cent year-on-year to reach Rs 3,775 Crores.

The company’s financial performance has shown remarkable growth over the past year, with a significant 63% year-on-year increase in cash profit by 63 per cent year-on-year, reaching Rs 2,082 Crores.. Additionally, the sale of energy has surged impressively, marking a substantial 78% year-on-year increase.