Electric Utilities company Adani Green Energy announced Q2FY25 results Financial Highlights: Operational Capacity Expansion: Grew by 34% YoY to 11.2 GW. Energy Sales increase: Up by 20% YoY to 14,128 million units. Revenue Growth: Increased by 20% YoY to Rs 4,836 crore. Industry-leading EBITDA margin: Achieved EBITDA margin of 92.2%. Cash Profit Surge: Rose by 27% YoY to Rs 2,640 crore Business Highlights: AGEL has received letter of award to supply 5 GW of solar energy under 25-year Power Purchase Agreement with MSEDCL. This significantly bolsters its contracted portfolio and propels it forward to its 50 GW goal by 2030. Entered C&I; space with an aim to decarbonize industries: AGEL has entered the C&I; segment by signing a power consumption agreement to supply 61.4 MW of renewable energy that will power a datacenter. This will help advance Google’s 24/7 carbon-free energy goal by ensuring cloud services and operations in India are supported by clean energy. The renewable energy plant will be located at Khavda, Gujarat. AGEL has fully redeemed its USD 750 million Holdco Notes due September 2024, reinforcing the transparency and stability of its capital management plan. Reinforced the strategic partnership with TotalEnergies: AGEL and TotalEnergies have strengthened partnership with formation of a strategic joint venture, equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located in Khavda, Gujarat. AGEL has contributed its projects to the new JV, while TotalEnergies has injected USD 444 million to accelerate the development of these projects. Consistent deleveraging: Apart from the above recent milestones, we have continued to deleverage with consistent reduction in leverage ratios despite steady growth over the last one year. Last year in Q3FY24, TotalEnergies invested USD 300 million to form the second JV of 1,050 MW consisting of 300 MW operating and 700 MW under development assets in Q3FY24. Last year in Q4FY24, Promoters subscribed to share warrants of Rs 9,350 crore at the share price of Rs 1,480.75 per share, reinforcing their commitment. Of this, 25% of the amount was invested in Q4FY24 and the remaining amount will be infused by Q1FY26. Amit Singh, CEO of Adani Green Energy, said: "Our financial performance continues to be strong, driven by significant greenfield capacity additions and robust operational efficiency. Entering the C&I; space by signing our first contract underscores our commitment to decarbonizing industries, with plans to expand our merchant and C&I; exposure to 15% by 2030. Our growth is driven by a robust capital management plan with utmost credit discipline. Having delivered the intended capacity growth, we completely redeemed the USD 750 mn Holdco bond in line with our commitment, resulting in systematic deleveraging.” “We remain focused on best-in-class sustainability and governance practices, and the reaffirmation of our top rankings by global ESG rating agencies only strengthens our resolve to deliver sustainable and industry-leading growth. Adani Green is well on track to achieve its 2030 RE capacity target of 50 GW, including at least 5 GW of energy storage.” Result PDF