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AGEL Q1 Results: Reports Highest Revenue; Cash Profit at Rs.460 Cr

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Adani Green Energy Ltd. a part of the Adani Group, announced the financial results for the quarter ended June 30, 2021. The Operational Performance Snapshot for the period is as follows:

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Financial Performance – Q1 FY22:

ParticularsQuarterly performance
Q1 FY22Q1 FY22% Change
Total Income1,07987823%
Revenue from Power Supply84860939%
Total EBITDA 389268031%
EBITDA from Power Supply 478956041%
EBITDA from Power Supply (%)92.5%91.2% 
Cash Profit 546034235%
  • Robust growth in Revenue from Power Supply is backed by robust growth in capacities and improved Solar and Wind CUF.
  • Significant improvement in EBITDA from Power Supply and Cash Profit is supported by increase in revenues and cost-efficient O&M driven by thrust on data analytics.

“AGEL’s growth continues to accelerate,” said Mr. Gautam Adani, Chairman of the Adani Group.

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Operational Performance – Q1 FY22:

ParticularsQuarterly performance
Q1 FY22Q1 FY21% change
Sale of Energy (Mn units)2,0541,38548%
Solar portfolio CUF (%)25.0%24.8% 
Wind portfolio CUF (%)38.5%36.9% 
  • Sale of Energy increased by 48% YoY on the back of capacity addition of 1,075 MW and improved Solar and Wind CUF.
  • Solar CUF improved with 20 bps improvement in grid availability, consistently high plant availability of 99.6% and consistent solar irradiation.
  • Overall Wind portfolio CUF improved backed by higher efficiency of new wind plants with technologically advanced Wind Turbine Generators.

Updates – Q1 FY22:

  • Renewable projects of 200 MW commissioned in Q1 FY22 under existing portfolio
  • AGEL in the process of acquiring SB Energy’s 5 GW India renewable portfolio for a fully completed EV of USD 3.5 billion – India’s largest renewables M&A transaction
  • Post SB Energy’s acquisition, Operational Capacity to increase from 3.5 GW to 5.4GW 1 and total Locked-in Growth2 to increase from current 19.2 GW to 24.3 GW1
  • Solar portfolio CUF up by 20 bps YoY at 25% with 99.6% plant availability
  • Wind portfolio CUF up by 160 bps YoY at 38.5% with 94.6% plant availability
  • Total Income up by 23% YoY at Rs. 1,079 cr
  • Total EBITDA3 up by 31% YoY at Rs. 892 cr
  • EBITDA from Power Supply4 up by 41% YoY at Rs. 789 cr
  • EBITDA margin from Power Supply improves by 120 bps YoY at 92.5%
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