Adani Green Energy reports 66% yoy growth for 1H, revenue up to Rs. 4,029 Cr

Adani Green Energy Ltd (AGEL), one of South Asia’s largest and fastest growing pure-play renewable energy companies, and with investment pledges to Sri Lanka in solar and maritime sectors recently announced their financial results for the quarter, and half year ending on September 30, 2023 displaying an increase of. revenue by a substantial 66 % year-on-year to reach Rs 4,029 Crores.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has shown impressive growth, surging by 58% year-on-year to reach Rs 3,775 Crores.

The company’s financial performance has shown remarkable growth over the past year, with a significant 63% year-on-year increase in cash profit by 63 per cent year-on-year, reaching Rs 2,082 Crores.

“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 a 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 Ltd.

“Looking ahead, we aim to augment automation in our operations and make every decision even more intelligent, driven through extensive digitalization and AI/ ML integration. Our commitment to sustainability and the highest level of governance will remain the foundation of our future growth.”

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