On a consolidated basis, Adani Green Energy's net profit soared 488.23% to Rs 100 crore on a 96.51% surge in total income to Rs 1,411 crore in Q2 FY22 over Q2 FY21.
Revenue from Power Supply jumped 58% to Rs 834 crore in Q2 September 2021 as compared to Rs 530 crore in Q2 September 2020. Robust growth in revenue from Power Supply was backed by strong growth in capacities and improved Solar and Wind CUF. EBITDA from Power Supply grew 61% to Rs 787 crore in Q2 FY22 from Rs 490 crore in Q2 FY21. EBITDA margin of Power Supply improved to 93.6% during the quarter over 92.1% in the corresponding quarter, last year. Continued growth in EBITDA from Power Supply and Cash Profit was supported by increase in revenues and cost efficiencies brought in through analytics driven O&M. Cash profit surged 61% to Rs 401 crore in Q2 September 2021 from Rs 250 crore in Q2 September 2020.
Gautam Adani, the chairman of the Adani Group, said, "It is gratifying to see that the focus on climate change has continued to accelerate at a pace that has taken everybody by surprise. I believe this is a good indication of the progress the world can make when it combines forces to solve a global problem. Our journey towards becoming the world's largest renewables player and further increasing the gap as the world's largest solar player is manifested in the very significant investments that we continue to make in this business."
Sale of Energy (Solar + Wind) soared 61% to Rs 1,901 crore in Q2 FY22 as compared to Rs 1,182 crore in Q2 FY21. Sale of Energy increase was backed by capacity addition of 2,610 MW (mega-watt) and improved Solar and Wind CUF. Solar portfolio CUF stood at 21.7% in Q2 FY22 as against 20.7% in Q2 FY21. Wind Portfolio CUF stood at 42.9% in Q2 FY22 over 30.3% in Q2 FY21. Solar CUF improvement was backed by significant improvement in grid availability and consistently high plant availability of 100%. Wind CUF improvement backed by technologically advanced and more efficient newly added Wind Turbine Generators, improved plant availability of 96% and improved wind speed.
Shares of Adani Green Energy lost 4.84% to Rs 1,147.15 on BSE. Adani Green Energy has one of the largest global renewable portfolios with 19.8 GW (giga-watts) of operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.
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