Adani Green Energy Q4 PAT spurts 13% YoY to Rs 133 cr

4 May 2022 , 03:08 PM

Revenue from Power Supply jumped 63% to Rs 1,128 crore in Q4 March 2022 as compared to Rs 690 crore in Q4 March 2021.

The EBITDA from Power Supply grew 69% to Rs 1,059 crore in Q4 FY22 from Rs 626 crore in Q4 FY21. EBITDA margin of Power Supply improved to 90.6% during the quarter over 90.1% in the corresponding quarter, last year. Cash profit soared 51% to Rs 563 crore in Q4 March 2022 from Rs 373 crore in Q4 March 2021.

The sale of energy increased by 84% YoY at 2,971 million units in Q4 FY22 as against 1,614 million units in Q4 FY21 (where solar segment rose 83% YoY and wind segment grew 92% YoY). Solar portfolio CUF (Capacity Utilization Factor) stood at 26.4% in Q4 FY22 as against 24.3% in Q4 FY21. Wind Portfolio CUF stood at 23.6% in Q4 FY22 over 22.2% in Q4 FY21.

On full year baisis, the company reported a 49.8% increase in net profit to Rs 432.88 crore on a 67.6% rise in net sales to Rs 5,071 crore in FY22 over FY21.

Gautam Adani, the chairman of Adani Group, said, ?AGELs strong results are a validation of the Adani Groups rapidly expanding focus on renewables, not only is our investment roadmap in the green energy value chain unmatched by any other portfolio of energy and utility businesses but we have also been consistently setting new industry benchmarks in efficiency, performance and capacity development. Through our domain expertise and our ability to execute projects rapidly, we are accelerating the pace of energy transition to honour Indias commitments to a sustainable future.?

AGEL is one of the largest renewable companies in India. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations.

Shares of Adani Green Energy slipped 5.97% to Rs 2,661 on BSE.

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