Q1 2025 Adani Green Energy Ltd Earnings Call Transcript
Key Points
- Adani Green Energy Ltd (BOM:541450) reported a 24% year-on-year increase in revenue from power supply, reaching INR2,528 crores.
- The company's EBITDA from power supply increased by 23% to INR2,374 crores, with an industry-leading EBITDA margin of 92.6%.
- Adani Green Energy Ltd (BOM:541450) operationalized a 250-megawatt wind power capacity at Khavda, equipped with India's largest onshore wind turbine generator.
- The company has a robust capacity addition of 2.6 gigawatts over the past year, contributing to a 22% increase in energy sales to 7,356 million units.
- India Ratings and Research upgraded Adani Green Energy Ltd (BOM:541450)'s long-term issuer rating to AA- from A+, reflecting strong operational performance and healthy cash flows.
- The company's wind plant availability is around 97%, which is lower than the solar plant availability of upwards of 99%.
- Adani Green Energy Ltd (BOM:541450) faces challenges in achieving higher wind plant availability, although improvements are expected.
- The average borrowing cost for new projects is between 8.6% to 8.9%, which, while lower than previous rates, still represents a significant financial burden.
- The company needs to manage a substantial CapEx of INR240,000 crores (approximately $30 billion) to achieve its 50 gigawatt target by 2030.
- Adani Green Energy Ltd (BOM:541450) has a significant portion of its future capacity tied to merchant and C&I markets, which can be volatile and less predictable compared to long-term PPAs.
Ladies and gentlemen, good day, and welcome to Adani Green Energy Limited Q1 FY25 earnings conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you, and over to you, sir.
Thank you, Neerav. Good afternoon. On behalf of ICICI Securities, we welcome you all to Q1 FY25 earnings call for Adani Green Energy Limited. Today, we have with us the management. I will now hand over the call to Viral to introduce the management, which will be followed by opening remarks, followed by Q&A. Over to you, Viral. Thank you.
Thank you, Mohit, and good afternoon to everyone. Thank you for joining us in the call. We have Mr. Amit Singh with us, CEO of Adani Green. We have Mr. Phuntsok Wangyal. We have Mr. Raj Kumar Jain, Head of Business Development. We have Mr. Anupam Misra
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
