Adani Green Energy, on July 25, announced a 95 percent increase in consolidated net profit, amounting to ₹629 crore for the quarter ending June 30, 2024. In comparison, the company had reported a consolidated net profit of ₹323 crore during the same period the previous year.
The Adani Group firm’s total income rose 22.5 percent to ₹3,122 crore in Q1FY25 as against ₹2,550 crore in the year-ago period.
The robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition of 2,618 MW over the last year, the company said in a press release.
In the first quarter, the company’s operational capacity expanded by 31 percent year-on-year to 10,934 MW, with greenfield additions, including 2,000 MW of solar capacity in Khavda, 418 MW of solar capacity in Rajasthan and 200 MW of wind capacity in Gujarat.
Earnings per share increased to ₹1.85 in Q1, compared to ₹2.63 in the June 2023 quarter.
“This takes total operational capacity at Khavda to 2.25 GW and total operational portfolio to 11.2 GW,” said Adani Green Energy.
