Adani Green's first-quarter PAT down 2%, revenue increased 67%

3 Aug 2022 , 08:07 AM

On Tuesday, Adani Green reported a 2.28% YoY decline in its consolidated earnings for the June quarter, which came to Rs214 crore. The bottom line for the same quarter of the previous fiscal year was Rs219 crore.

During the quarter, Adani Green’s operating revenue surged 67% YoY to Rs1,635 crore.

The Adani Group company said that its operating capacity expanded by 65% YoY to 5,800 MW and that its cash profit climbed by 48% to Rs680 crore.

The power delivery division of the renewable energy company saw a 57% YoY increase in sales to Rs1,328 crore, and the segment’s EBITDA saw a 60% increase to Rs1,265 crore.

The company stated in a BSE filing that a “robust increase in revenue and EBITDA from the power supply is driven by capacity addition, enhanced solar and wind CUF, and high hybrid CUF.”

“AGEL’s Solar and Wind portfolio performance has continued to improve with the deployment of the newest technologies and analytics-driven O&M. We are also pleased of the work of our teams, who made it possible to commission the first solar-wind hybrid power plant in India, with a 390 MW capacity, in Jaisalmer, Rajasthan. According to Vneet S. Jaain, MD and CEO of Adani Green Energy, “We will continue to deploy the newest technologies to enable higher and more affordable RE power generation with flexible grid interconnection.”