HomeBusiness ›Adani Green Profit Surpasses Over 4 times to INR 507 Crores in Q4 FY23

Adani Green Profit Surpasses Over 4 times to INR 507 Crores in Q4 FY23

The sale of energy increased 58% YoY to 14,880 million units in FY23, majorly assisted by strong capacity addition, analytics navigate O&M handling high plant accessibility and utilisation of recent renewable technologies.

May 02, 2023. By Nivedita Ojha

The cumulative gain of the Adani Group company surpassed by 319 percent YoY to INR 507 crore, while revenue increase 88 percent to INR 2,988 crore.

For Q4FY23, Adani Green posted a 319 percent increase in its cumulative net profit at INR 507 crore in contrast with INR 121 crore in the previous year period, steered by higher revenues.

The sale of energy increased 58% YoY to 14,880 million units in FY23, majorly assisted by strong capacity addition, analytics navigate O&M handling high plant accessibility and utilisation of recent renewable technologies.

The cumulative overall profit of the company also surged to INR 973 crore in 2022-23 from INR 489 crore in the last fiscal year.

The overall income of the organisation increase to INR 8,633 crore in the 2022-23 financial from INR 5,548 crore the year back.

AGEL has expanded an enormous renewable capacity of 2,676 MW to its portfolio in FY23, which comprises 2,140 MW solar-wind hybrid plants in Rajasthan, 325 MW wind power plant in Madhya Pradesh and 212 MW solar power plants in Rajasthan.

AGEL has inked PPAs for 450 MW wind projects and 650 MW solar projects with SECI in FY23 further boosting the entity’s project pipeline.

The recently functionalised solar-wind hybrid operational fleet of 2,140 MW uses latest technologies such as bifacial PV modules and horizontal single-axis tracking (HSAT) technology to tap optimum energy from the sun along with technologically progressed wind turbine generators leading to a high hybrid Capacity Utilisation Factor of 35.5 percent.
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