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Adani Green Energy Limited — Q1 FY24
Adani Green reported strong operational performance in Q1 FY24, with operational capacity up 43% YoY to 8,316 MW and sale of energy rising 70% to 6,023 million units.
bullish
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Adani Green reported strong operational performance in Q1 FY24, with operational capacity up 43% YoY to 8,316 MW and sale of energy rising 70% to 6,023 million units. Revenue from power supply grew 55% to ₹2,099 crore, while EBITDA from power supply increased 53% to ₹1,938 crore, maintaining an industry-leading margin of 92.5%. Cash profit rose 55% to ₹1,051 crore. The company's locked-in portfolio exceeds 20 GW, providing clear visibility toward the 45 GW target by 2030. Management emphasized execution focus, with 2.8-3 GW capacity addition planned for FY24. Key risks include wind CUF volatility (Q1 wind CUF fell to 38.7% due to lower wind speeds and Cyclone Biparjoy) and potential module price fluctuations, though the company benefits from supplier relationships and cost pass-through mechanisms.
अडानी ग्रीन ने पहली तिमाही में शानदार काम किया। बिजली बनाने की क्षमता 43% बढ़कर 8,316 मेगावाट हो गई और बिजली की बिक्री 70% बढ़कर 6,023 मिलियन यूनिट हो गई। बिजली बेचने से आय 55% बढ़कर ₹2,099 करोड़ और मुनाफा (EBITDA) 53% बढ़कर ₹1,938 करोड़ हो गया, जो 92.5% का बेहतरीन मार्जिन है। नकद मुनाफा 55% बढ़कर ₹1,051 करोड़ रहा। कंपनी के पास 20 गीगावाट से ज्यादा के प्रोजेक्ट तय हैं, जिससे 2030 तक 45 गीगावाट के लक्ष्य की राह साफ है। इस साल 2.8-3 गीगावाट क्षमता जोड़ने की योजना है। जोखिमों में हवा की कमी (पहली तिमाही में 38.7% तक गिर गई) और सोलर पैनल के दाम में उतार-चढ़ाव शामिल हैं, लेकिन कंपनी के पास अच्छे आपूर्तिकर्ता और लागत पास करने का तरीका है।
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Operational Capacity
8,316 MW
+43% YoY
Largest operational renewable capacity in India, added 2,516 MW during the quarter.
Sale of Energy
6,023 million units
+70% YoY
Driven by capacity addition and high plant availability.
Solar CUF
26.9%
N/A
Consistent with prior periods; new technology plants expected to achieve 33-34% CUF.
Net Debt to Run-Rate EBITDA
5.3x
-1.2x YoY
Improved from 6.5x last year, reflecting deleveraging and EBITDA growth.
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Target to achieve 45 GW operational capacity by 2030 through solar, wind, and hybrid solutions.
Wind CUF declined to 38.7% from 47% YoY due to lower wind speeds and Cyclone Biparjoy, impacting generation.
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