Adani Green Energy announced Q3FY23 results: Q3FY23: Revenue from power supply increases by 39% YoY to Rs 3,695 crore Realized 3.8 million carbon credits, generating revenue of Rs 153 crore Cash profit increases by 41% YoY to Rs 1,827 crore Run-rate EBITDA stands at a strong Rs 7,380 crore with net debt to run-rate EBITDA of 5.6x as of Dec 2022, well within the stipulated covenant of 7.5x for Holdco bond EBITDA from power supply increases by 44% YoY to Rs 3,570 crore with high EBITDA margin of 91.7% Operational capacity increases by 35% YoY to 7,324 MW; on track to complete ~ 8,300 MW, the largest in India, by end of FY23 “We are making steady progress in our endeavor to lead the way towards large-scale adoption of affordable clean energy in India and we are on track to achieve our long-term renewable capacity addition target. The relentless efforts of our people have enabled the development of large-scale hybrid capacities, which are not only the first in India but also the largest in the world. These capacities deploy cutting-edge technologies to harness the power of the sun and enable cost-effective power extraction from the wind resources as also they make India future-ready with better stability and integration into the national grid.” said Vneet S Jaain, MD & CEO, Adani Green Energy Ltd. “The continued strong performance demonstrates the resilience of AGEL’s business model supported by a robust capital management program with leverage well aligned with the business model. We appreciate that, in the last few days, this has further been reaffirmed by the rating agencies, equity and credit research analysts and various banks, financial institutions, long-term investors and other key stakeholders have also reassured their confidence in AGEL’s strong business model,” said Vneet S Jaain, MD & CEO, Adani Green Energy Ltd. He further said, “I am also proud of the continued progress towards our ESG commitment and we are determined to continue our journey forward in this direction.” Result PDF