Q1-FY24 · Phunsav Wangyal
Our run rate EBITDA with this 8,316 megawatt capacity stands at ₹7,645 crore. With net debt of ₹14,800 crores by June end, net debt to run rate EBITDA is at 5.3x.
Adani Green Energy · tone and specificity signals across the available quarters.
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Our run rate EBITDA with this 8,316 megawatt capacity stands at ₹7,645 crore. With net debt of ₹14,800 crores by June end, net debt to run rate EBITDA is at 5.3x.
We are really razor bent on our target of delivering 45 gigawatt in excess of 45 gigawatt by 2030 through the use of Solar, Wind and Solar-Wind Hybrid Solutions as major contributors.
Our relationship is something which gives us something which is better than the market. In times when the market is stressed in terms of very high prices, we do get preference, which is more outsized.
Our EBITDA from power supply increased by 23% to INR 2,374 crore, with an industry-leading EBITDA margin of 92.6%.
We are very confident that, you know, the new generation capacity which is coming through, you know, in Khavda, where all the new lines are being commissioned and all the evacuation established, we are expecting a higher degree of availability around, you know, you could argue 98%-99%.
We do not expect net run rate, net debt to run rate EBITDA to be any way than a level, higher than what we have right now.
Surpassing a historic milestone of 15 gigawatt operational renewable energy capacity, and Adani Energy Green is proud to have held in accelerating the transition to clean energy.
Our revenue from power supply increased by 31% year on year to rupees 3,312 crore, and EBITDA rose by 31% to 3,108 crore, delivering industry best EBITDA margin of 92.8%.
We are not desperate. We pick what where we feel is the best place for us.
Our revenue from power supply has increased by 66% year-on-year to INR 4,029 crore, with corresponding total income standing at INR 4,979 crore.
We are very confident of our team's ability to deliver on those plans.
We don't believe that signing vanilla PPAs will bring us the best returns. So we will be carefully monitoring the market, and we'll participate where we essentially make sure that we high grade our portfolio and get the best returns for our shareholders.
Our revenue and power supply rose by 20% year-on-year to INR 4,836 crore, backed by a robust capacity addition over the year.
We are committed to our 6 GW capacity addition this year, and our teams are working extensively to deliver the same.
This is our first step towards decarbonizing the industry, enabling energy-intensive operations like data centers to fulfill their power requirements with cost-effective and clean energy solutions.
Our EBITDA margin remains best in class at 92%, and cash profit surged by 17% year-on-year to INR 3,904 crores.
We are committed to the 5 GW, and I think we would like to first achieve that before saying anything else on the future capacities.
We do expect another 2.5 GW or more than that coming in this particular H2 of further evacuation.
We have now completely placed in place cash-based funding for $1,050 million GoldCo, redemption of which is due in December 2024.
We are very close to doing one project. And I think that's something which we will be able to come out very soon and give you the details.
We have to match our existing locking portfolio with our execution pace and capacity. So today, as we had earlier guided, our execution capacity is in the near about of 2.5 GW. We are working hard to grow that capacity to north of 5 GW from next year.
We are very well set with our existing capital management program, and the framework we put in place is making sure that we have a very resilient supply of capital to fund our ambition.
We are not interested in taking these kind of funds in the market. We are very much very carefully working with the big suppliers of battery systems in the world, and we are aware of the trends and technology progress and improvement.
We have made sure that our numbers, which we have shared with you, are very well aligned with transmission readiness with you on the ground.
Our energy sales surged by an impressive 37% year-on-year, reaching 27.6 billion units.
We are now on track for deployment of one of the world's largest single-location battery energy storage projects in the coming months.
Our strategy towards investment and expertise in this particular way will be a differentiator between us and others in this industry.
We are developing the world's largest single-location renewable energy plant of 30,000 MW in Khavda. This project will set a blueprint for ultra large-scale renewable energy development globally.
We are in a very unique position to have the ability to build projects without necessarily need of specific contracts, to have the financial capability to build, looking forward to the contracts, not build only after contract sign base.
We are targeting at Adani Green an addition of at least 5 gigawatts of pumped hydro storage capacity by 2030, and have already kicked off construction work for the first 500-megawatt project in Andhra Pradesh.
We have done more than double than anyone else or any other developer in this country.
We are well on track now to complete 30 GW from Khavda by 2029.
From a DOJ standpoint, like I said, it's all quite going forth. The allegations are there. I think we should be seeing the positive results on it too from the individual standpoint.
Our energy sales surged by an impressive 34% year-on-year, reaching 37.6 billion units.
We have lost about INR 500 crores of EBITDA in the past year on account of curtailment.
Our long-term stated goal remains that more than 90% of the capacities that AGEL adds will be tied up in long-term PPAs and long-term contracts.