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Electric Utilities company Adani Greeen Energy announced Q2FY24 & H1FY24 results:
- Operational capacity increased by 24% YoY to 8,316 MW with the addition of 1,150 MW solar wind Hybrid, 212 MW solar, and 230 MW wind power plants over the last year
- Sale of energy increases by 78% YoY to 11,760 million 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
- Revenue up by 66% YoY to Rs 4,029 crore in H1FY24
- EBITDA up by 58% YoY to Rs 3,775 crore in H1FY24
- Net Debt to Run-rate EBITDA at 4.99x v/s 5.9x last year
- Industry-leading EBITDA margin of 92.2% in H1FY24
- Cash profit increases by 63% YoY to Rs 2,082 crore in H1FY24
- Run-rate EBITDA stands at a strong Rs. 7,645 crore
- 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
“The performance improvement across the board is the result of our team’s relentless efforts. In pursuit of our next milestone to create the largest RE cluster in the world in Khavda, Gujarat, we have already deployed workforce of 5,000 . At Khavda, we will be installing the most advanced TOPCon solar modules as well as India’s largest and one of the most efficient 5.2 MW wind turbine. These efforts will drive us towards achieving the lowest levelized cost of energy." said Amit Singh, CEO, Adani Green Energy.
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