Q3 2025 Adani Green Energy Ltd Earnings Call Transcript
Key Points
- Adani Green Energy Ltd (BOM:541450) contributed to 15% of nationwide new solar capacity and 12% of new wind installations in 2024, highlighting its leadership in the renewable energy sector.
- Energy sales increased by 23% year-on-year to 20 billion units, with revenue from power supply rising 18% year-on-year to INR 6,829 crores.
- EBITDA from power supply grew by 18% year-on-year to INR 6,366 crores, and cash profit surged by 23% year-on-year to INR 3,630 crores.
- The company added 3.1 gigawatts of greenfield capacity, marking a 37% growth and bringing the total operational portfolio to 11.6 gigawatts, the largest in the country.
- Adani Green Energy Ltd is making significant progress in expanding its PPA pipelines and is committed to delivering above-market return expectations with a strategic objective of 50 gigawatts by 2030.
- Extended monsoon and regulatory changes have caused a shift in the construction timeline, affecting the capacity addition targets for the year.
- There are challenges with transmission delays, which have shifted many projects to the right, impacting project timelines.
- The company faces potential cost increases due to ALMM and ALCM compliance, although it expects these to stabilize as domestic manufacturing capacity grows.
- DISCOMs are showing reluctance to sign PPAs due to a backlog, posing a challenge for securing long-term agreements.
- The company is cautious about aggressive competitive behavior in battery storage tenders, which could impact the attractiveness of storage costs.
Ladies and gentlemen, good day, and welcome to Adani Green Energy Limited 9 Months FY '25 results conference call hosted by Emkay Global Financial Services. (Operator Instructions).
I now hand the conference over to Mr. Harsh Maru from Emkay Global Financial Services. Thank you, and over to you, sir.
Thank you, Manav. On behalf of Emkay Global Financial Services, I welcome you all to the 9 months FY '25 earnings conference call of Adani Green Limited.
I would now like to hand the conference over to Mr. Viral Raval, who heads the Investor Relations at Adani Green. Over to you, sir. Thank you.
Thank you, Harsh. Good afternoon, all, and thank you very much for joining the conference call today. I hope you would have had the chance to go through our earnings presentation. With me, I have Mr. Amit Singh, CEO of the company; Mr. Saurabh Shah, CFO; Mr. Raj Kumar Jain, Head of Business
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