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

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:

Financial Performance – Q1 FY22:

• 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.

Operational Performance – Q1 FY22:

• 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%