Adani Green Energy Q2 PAT Rises On “Greenfield Capacity Additions”

Adani Green Energy has reported a 39% rise in consolidated net profit for the September 2024 quarter. Net profit climbed to ₹515 crore in Q2 of this fiscal against ₹371 crore in the September 2023 quarter. Revenue from operations in Q2 climbed 16.3% to ₹2,308 crore against ₹1984 crore in the corresponding period of the previous fiscal. However, earnings per share in Q2 fell to ₹1.56 against ₹2.17 in the September 2023 quarter. "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. Adani Green is well on track to achieve its 2030 RE capacity target of 50 GW, including at least 5 GW of energy storage,” said Amit Singh, CEO of Adani Green Energy.