Q4 2024 Adani Green Energy Ltd Earnings Call Transcript
Key Points
- Adani Green Energy Ltd (BOM:541450) achieved a 33% increase in revenue from power supply, reaching INR 7,735 crores.
- The company reported a 30% increase in EBITDA, amounting to INR 7,222 crores, with an industry-leading EBITDA margin of 92%.
- Adani Green Energy Ltd (BOM:541450) added 2,848 megawatts of greenfield capacity in FY '24, marking a 35% year-on-year increase.
- The company has strengthened ties with strategic partners and investors, including TotalEnergies, GQG Partners, and Qatar Investment Authority.
- Adani Green Energy Ltd (BOM:541450) is developing the world's largest single-location renewable energy plant of 30,000 megawatts in Khavda, set to be completed by 2029.
- The company's net debt to run rate EBITDA is at 4x, although improved from 5.4x a year ago, it still indicates significant leverage.
- Adani Green Energy Ltd (BOM:541450) faces challenges in securing land and transmission connectivity for its ambitious capacity expansion plans.
- The company has not participated in recent SECI bids, potentially missing out on lucrative opportunities.
- There are concerns about the availability of equipment, such as panels and transformers, which could impact project timelines.
- The reliance on merchant power sales, which currently constitute about 5% of the portfolio, exposes the company to market price volatility.
Ladies and gentlemen, good day, and welcome to Adani Green Energy Q4 FY '24, FY '24 Earnings Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Hinal Choudhary. Thank you, and over to you, ma'am.
Thank you. Thank you, Sagar. Good evening. On behalf of Investec, we welcome you all to Q4 FY '24 and FY '24 Earnings Call from Adani Green Energy. Today, we have with us from the management, Mr. Sagar Adani, Executive Director; Mr. Amit Singh, CEO; Mr. Phuntsok Wangyal, CFO; Mr. Raj Kumar Jain, Head, Business Development; and Mr. Viral Raval, Head, IR. I now hand over to management for opening remarks followed by Q&A. Thank you.
Thank you very much, Hinal, for organizing the call. Good afternoon, morning to everyone from all across. It's a pleasure to connect with all of you and walk you through. We'll just give
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