Adani Green Energy Ltd
Adani Green Energy Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
AGEL contributed to 15% of nationwide new solar capacity and 12% of new wind installations in 2024, indicating strong growth momentum. AGEL targets adding approximately 5 GW of new capacity in FY25, aiming for strong ramp-up beyond current year.
From Adani Green Energy Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- AGEL contributed to 15% of nationwide new solar capacity and 12% of new wind installations in 2024, indicating strong growth momentum.
- Energy sales increased by 23% year-on-year to 20 billion units in the first nine months ending December 31, 2024.
- Revenue from power supply grew 18% year-on-year to INR 6,829 crores, showcasing robust financial performance.
- EBITDA from power supply rose 18% year-on-year to INR 6,366 crores.
- Cash profit surged 23% year-on-year to INR 3,630 crores.
- The company added 3.1 GW of greenfield capacity, a 37% growth, increasing the operational portfolio to 11.6 GW.
- Target to add approximately 5 GW of new capacity in FY25, with 85% solar and 15% wind.
- Aiming for 50 GW capacity by 2030.
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Profitability & Margins
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Capital Expenditure Plans
- Targeting to add approximately 5 GW of new renewable capacity in the current fiscal year, with 4.3 GW expected by Q4 and the balance shortly after fiscal year-end.
- Continuing strong ramp-up in capacity addition for next year, with early planning, material ordering, and engineering design already underway.
- Capex for solar projects (with bifacial modules and trackers) is around INR 4.5 crores per MW; wind projects cost about INR 6.5 crores per MW (5.2 MW turbines).
- Battery Energy Storage Systems (BESS) capex expected between INR 1.3 to INR 1.4 crores per MWh, focusing on LFP battery technology for utility-scale projects.
- Emphasis on large-scale deployment of BESS to complement solar, wind, and pumped storage hydro projects for grid integration.
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The call transcript does not explicitly state the exact value or MW capacity of the current orderbook or pending orders for Adani Green Energy Limited (AGEL).
- However, the company is targeting to add approximately 5 GW of new capacity in the current fiscal year, with 4.3 GW expected in the last quarter and some capacity commissioning expected shortly after year-end.
- The company is actively working on large projects like the Khavda project, progressing rapidly with over 12,000 people onsite.
- AGEL's business development includes expanding its PPA pipeline, with recent successes in tenders with NHPC, UP, and NTPC.
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Adani Green Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.5K Cr, net profit ₹514 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Adani Green Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Adani Green Energy Ltd Q3 FY25 results?
AGEL contributed to 15% of nationwide new solar capacity and 12% of new wind installations in 2024, indicating strong growth momentum. AGEL targets adding approximately 5 GW of new capacity in FY25, aiming for strong ramp-up beyond current year.
What is Adani Green Energy Ltd share price analysis?
Adani Green Energy Ltd currently shows a neutral. The stock trades at a P/E of 114.5 with a market cap of ₹222,039 Cr. Investors should review the full earnings analysis for detailed insights.
Is Adani Green Energy Ltd planning capital expenditure?
Targeting to add approximately 5 GW of new renewable capacity in the current fiscal year, with 4.3 GW expected by Q4 and the balance shortly after fiscal year-end.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.