Within the quarter ended on March 31, web revenue got here in at Rs 507 crore, in opposition to Rs 121 crore a yr earlier, it mentioned in a regulatory submitting. For FY23, the corporate’s web revenue nearly doubled to Rs 973 crore from Rs 489 crore.
Complete earnings rose 88% to Rs 2,988 crore in opposition to Rs 1,587 crore within the March quarter of final fiscal yr. For FY23, complete earnings rose 55.6% to Rs 8,633 crore.
Income from energy provide was up 89% for the quarter at Rs 2,130 crore and 54% larger for FY23 at Rs 5,825 crore, the corporate mentioned in a information launch.
“Our enterprise mannequin has demonstrated exceptional resilience as evidenced by our robust monetary efficiency,” Adani Group chairman Gautam Adani mentioned. “We’re leaders within the inexperienced power house and have persistently set new trade requirements in effectivity, efficiency and capability improvement. We’re expediting the transition to sustainable power and taking part in a pivotal position in fulfilling India’s obligations to a greener future.”
Quarterly earnings earlier than curiosity, tax, depreciation and amortisation from energy provide got here in at Rs 1,968 crore, up 86%. For FY23, this rose 57% to Rs 5,538 crore. Money revenue rose to Rs 1,365 crore for the quarter, in contrast with Rs 563 crore a yr earlier. For the fiscal yr, money revenue elevated 72% to Rs 3,192 crore.”The sturdy development in revenues, Ebitda and money revenue is primarily pushed by capability addition of two,676 MW,” the corporate mentioned in its assertion.The sale of power elevated by 58% year-on-year to 14,880 million models in FY23, primarily backed by robust capability addition and deployment of newest renewable applied sciences.
The corporate mentioned it added 2,676 MW of renewable capability to its operational fleet in FY23. It has signed energy buy agreements for 450 MW wind initiatives and 650 MW photo voltaic initiatives with SECI in FY23.
Its photo voltaic portfolio capability utilisation issue (CUF) improved by 90 bps from the earlier yr to 24.7% in FY23.
For the wind portfolio, the sale of power elevated considerably, backed by robust capability addition, although the wind CUF lowered primarily on account of a one-off disruption within the transmission line (drive majeure) for a 150 MW plant at Gujarat. This has now been totally restored, it mentioned.
“We have now added large greenfield capability of two,676 MW renewable belongings this yr,” mentioned managing director Vneet S Jaain. “AGEL’s operational capability has grown at a CAGR of 33% during the last 5 years, outpacing general renewable capability development at 15% CAGR in India in the identical interval.”
On Friday, the corporate’s shares had gained 3.67% to shut at Rs 950.60 on the BSE. Markets had been closed on Monday.
