Adani Green Energy announced on Thursday that its net profit (consolidated) for the December quarter increased by 85% year over year to Rs 474 crore from Rs 256 crore in the same time last year. Let’s learn about the profit graph of this business with an overview of the company.
Overview of Adani Green Energy
Among India’s biggest renewable energy firms, AGEL (Adani Green Energy Limited) has 20,434 MW of ongoing projects. As part of its commitment to give India a better, cleaner, and greener future, the Adani Group owns AGEL. Motivated by the Group’s “Growth with Goodness” philosophy, the company designs, constructs, owns, runs, and sustains USG-connected wind and solar farm projects. State and federal governments, as well as businesses supported by the government, receive the electricity produced.
Adani Green Energy Q3 Results
The quarter’s operating revenue of Rs 2,365 crore represented a 2.3% increase over the Rs 2,311 recorded in the same quarter of the prior fiscal year. Compared to the Rs 1,638 crore reported in the previous year, Adani Green’s profits before interest, taxes, depreciation, and amortization (EBITDA) from electricity supply increased by 13% to Rs 1,848 crore. In comparison, it was 91.5% in Q3FY24 and 91.4% in Q3FY25.
Furthermore, Compared to the 515 ₹ crore reported in Q2FY25, the profit after tax (PAT) decreased by 8% on a sequential basis. On a sequential basis, the topline decreased by 23% from the Rs 3,055 crore recorded during the July–September quarter of FY25.
Future Prospects
According to a statement released by the firm, the pipeline of under-construction projects has increased from Rs 17,000 crore at the beginning of the year to Rs 54,761 crore in Q3FY25, thanks to 5 latest wins (projects) so far this year.
In 2024, AGEL’s share of utility-scale solar installations countrywide was 15%, while its share of wind installations was 12%. Due to a strong capacity addition, energy sales rose 23% year over year to 20,108 million units between April and December 2024, according to AGEL. Moreover, the company’s operational capacity grew by 37% year over year to 11,609 MW with the construction of 3,131 MW of new power plants. With such future prospects, the stocks of this company are a treat for investors.
Conclusion
With an amazing year-on-year profit, Adani Green Energy Ltd. is among the most promising shares to invest in. It is one of the power stocks that holds prospects of long-term growth. Though it is always advised to consider your risk tolerance levels and seek expert advice before making any investmen, as the market is uncertain and ever-changing.
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