Adani Green Energy, one of the leading renewable energy companies in India, has reported emotional Q4 results with a consolidated profit after duty( PAT) of Rs 507 crore. This is a significant enhancement compared to the same period last time, when the company reported a PAT of Rs 55 crore.
The company’s total income for the quarter was Rs 1,160 crore, over from Rs 878 crore in the same period last time. Adani Green Energy’s earnings before interest, levies, deprecation and amortization( EBITDA) for the quarter were Rs 923 crore, compared to Rs 590 crore in the same period last time. The company’s renewable energy portfolio comprises of solar and wind power systems, with a total capacity of15.2 GW. The company has set a target to achieve a total capacity of 25 GW by 2025.
Adani Green Energy has been expanding its portfolio fleetly in recent times, through a combination of organic growth and accessions. In January 2021, the company acquired 1,200 MW of operating renewable means from Essel Group, which included solar and wind power systems. The company also won the rights to develop a 2 GW solar power design in Rajasthan in December 2020.
opining on the results, Gautam Adani, Chairman of the Adani Group, said,” Our renewable energy business continues to report strong growth, reflecting the tremendous eventuality of the sector. We remain married to our thing of achieving 25 GW of renewable energy capacity by 2025, and we will continue to invest in this sector to achieve our target.”
Adani Green Energy’s emotional Q4 results have been ate by investors, with the company’s share price rising by further than 2 on the day of the advertisement. The company’s request capitalization presently stands at over Rs1.3 lakh crore, making it one of the most precious renewable energy companies in India.
Overall, Adani Green Energy’s Q4 results are a testament to the company’s strong business fundamentals and its capability to execute on its growth strategy. With the renewable energy sector set to play an decreasingly important part in India’s energy blend in the coming times, Adani Green Energy is well- deposited to subsidize on the openings that lie ahead.