ADANIGREEN / Q2-FY25 / claim-ledger

Audit the questions that mattered.

Adani Green Energy · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY25 · 2024-10-28Back to quarter ↗

Questions audited

12

Answered directly

75%

Numeric claims

3

Consistency

contradicted

Question ledger

What was answered, and how?

Sabri Hazarika · Emkay Global Financial Services

partial

Timing of commissioning 2 GW and remaining 4 GW of 6 GW capacity.

Yeah, I think these capacities are expected to be commissioned towards the end of the quarter. I mean, these are the construction estimates, which we have usually carry, so they have some deviation, plus or minus two weeks.

Sabri Hazarika · Emkay Global Financial Services

evasive

Pricing and tenure of the Google C&I deal.

the pricing is something which is confidential, but it is significantly higher than what you would get in normal long-term discount retailers.

Sabri Hazarika · Emkay Global Financial Services

partial

Guidance on minority interest and share of profits from associates/JVs.

Share of profits increases basically... because of our 26% stake in Mundra Solar Energy Limited... On the NCI, the number is because of the operational capacities that are there in Total, which are doing well.

Sabri Hazarika · Emkay Global Financial Services

direct

Run rate for minority interest going forward.

Yeah, and then accelerate it, correct. Yeah.

Puneet · HSBC India

direct

Attributable EBITDA and debt for 11 GW capacity.

From an attributable EBITDA perspective, it is going to be in the run rate range of about for this year. We are looking at a run rate of about INR 10,800 crores on the run rate side.

Puneet · HSBC India

direct

Reason for low execution in first half.

the monsoon period, you know, extended by a month, which kind of took away the active working period in Kerala. But that was kind of budgeted in our overall plan, but definitely it put a bit of pressure on our execution.

Nikhil Nigania · Bernstein Private Limited

direct

Share of short-term power market revenue in Q2.

The actual, in total, the merchant revenue was INR 1,070 crores.

Nikhil Nigania · Bernstein Private Limited

direct

Clarification on future pipeline composition (PSP and FDRE).

No, absolutely. That's the right way to look at it as well, Nikhil.

Nikhil Nigania · Bernstein Private Limited

direct

Reason for increase in other financial liability to INR 2,060 crores.

This is primarily on account of the CapEx related liability. It's entirely related to the construction.

Ketan Jain · Avendus Spark

direct

Merchant realizations and volume for Q2.

for the solar, I think it has been around, for Q2, it's around 2.59, and Q1 was 3.11. And for the wind, it was a very impressive, 5.81 for Q1 and 5.06 for Q2.

Nikhil Abhyankar · UTI Mutual Fund

direct

Views on battery price trend and impact on BESS vs PSP.

No, I think you should not look at it like this. I think India requires both. ... PSP can be almost half the price of a battery system.

Bharanidhar Vijayakumar · Avendus Spark

evasive

How funding happens for projects without long-term PPAs.

all the banking institutions and, you know, we work with. They are very happy with our track record of delivery. ... they are very much willing and encouraging us to finance.