Adani Green Q2 profit jumps 25% as it adds 2.4GW capacity in six months
Adani Green Energy Ltd, India’s largest renewable energy company by capacity, said on Wednesday that it has added 2.4 gigawatts (GW) of additional capacity in the first half of 2025-26, of which around 900 megawatts (MW) will come in the September quarter.
Of course, the company aims to add 5 GW of new capacity in the current financial year. With the latest additions, its operational capacity stands at 16.7 GW as of September 30 and is on track to achieve its 50 GW installed capacity target by 2029-30. This puts it ahead of ReNew Energy, which has 11.1 GW of operational renewable capacity.
“The company added around 1GW in the second quarter, when monsoon rains made construction difficult. So achieving 5GW of guided capacity for the year is largely on target,” said an analyst following the firm on condition of anonymity.
In Khavda, where Adani Group established the world’s largest single-location renewable energy complex, the capacity reached 7.1 GW against the target of 30 GW by 2029. 6.4 GW of this was installed within Adani Green, and the rest was installed for power plants. other Adani Group companies.
2nd quarter performance
The company’s second-quarter profit was 25% higher than a year ago. ₹644 crore. Consolidated revenues down 4% year-on-year ₹3,249 crore.
It reported a 20% annual increase in revenue from energy supply. ₹2,776 crore.
“We have produced 19.6 billion units of clean energy, which is enough to power a country like Croatia for a year,” Ashish Khanna, managing director of Adani Green Energy, said in a press release.
Revenues from “sales of goods”, which include money earned through the development of renewable energy plants for third parties on a contractual basis, fell by over 90% only ₹48 crore.
The analyst said lower contribution from engineering, procurement and construction (EPC) businesses, which tend to be lower-margin, helped boost its margins.
Earnings before interest, tax, depreciation and amortization (EBIT) increased by 9% annually ₹2,844 crore. EBITDA margin increased by approximately 11 points to 87.5%.
Adani Green Energy’s shares closed down 1.21 percent ₹Even though the benchmark Sensex closed with a decline of 0.18%, BSE was at 1,004.55. The stock is down more than 4% so far this year, compared to a 7.8% rise in the benchmark index.
The shares are trading on BSE with a rich price/earnings ratio (P/E) of 75.35 on a consolidated basis. This compares with Tata Power’s P/E ratio of 26.27, which houses conventional energy, renewable energy and solar cell manufacturing under one company.
