Adani Green Energy (ADANIGREEN) Q4 24/25 earnings summary

Executive summary

• Operational capacity grew 30% YoY to 14.2 GW, with a record 3,309 MW/3.3 GW greenfield addition, contributing 16% of India's utility-scale solar and 14% of wind installations in FY25.

• Energy sales increased 28% YoY to 27,969 million units, with revenue from power supply up 23% to INR 9,495 crore.

• Surpassed $1 billion in EBITDA, up 22% YoY to INR 8,818 crore, with an industry-leading EBITDA margin of 91.7%.

• Achieved water positivity ahead of schedule and maintained top global ESG ratings.

• Generation CAGR of 45% over five years, with a growing share of merchant power and consistent outperformance of PPA commitments.

Financial highlights

• FY25 revenue from power supply increased 23% YoY to INR 9,495 crore; EBITDA up 22% to INR 8,818 crore; cash profit up 22% to INR 4,871 crore.

• Q4 FY25 revenue from power supply grew 37% YoY to INR 2,666 crore; EBITDA up 35% to INR 2,453 crore; cash profit up 18% to INR 1,231 crore.

• Net profit for FY25: INR 2,001 crore, up from INR 1,260 crore in FY24; basic and diluted EPS: INR 8.37.

• Total assets as of March 31, 2025: INR 1,11,398 crore; total equity: INR 22,573 crore.

• Cash flow from operations for FY25: INR 8,364 crore; net cash used in investing: INR 19,827 crore; net cash from financing: INR 12,068 crore.

Outlook and guidance

• Targeting 5 GW of new operational projects in FY26 with a CapEx of INR 31,000 crore, fully funded through debt and equity.

• On track to achieve 50 GW renewable capacity by 2030, with equity funding secured and ongoing debt tie-ups.

• Focus on large-scale project execution, advanced technology deployment, and ESG leadership.