Hey there, exciting news ahead for Adani Green Energy and all the investors out there! In the first quarter of the financial year 2023-24, the company has shown an outstanding performance. Hold your breath because their net profit has skyrocketed by a whopping 51%, reaching a jaw-dropping ₹323 crore! And that's not all - their revenue from operations has also taken a big leap, surging by an impressive 33% to ₹2,176 crore, compared to ₹1,635 crore in the same period last year.
But wait, there's more good stuff coming your way! Adani Green Energy's operational capacity has made a huge leap as well, growing by an amazing 43% YoY to 8,316 MW. Wow! This remarkable growth happened thanks to the addition of 1,750 MW solar-wind Hybrid, 212 MW solar, and 554 MW wind power plants over the last year.
Guess what? The company's other income is also on fire! It shot up to ₹228 crore during the June quarter, compared to ₹66 crore in the year-ago period. That's some impressive growth right there!
Now, let's talk about EBITDA - it's also doing the happy dance! It jumped to ₹2,081 crore from ₹948 crore in the previous year's quarter. And the EBITDA margin? It expanded impressively, reaching 95.6% YoY. Way to go, Adani Green Energy!
Hold on, there's even more good news to share! The sale of energy has seen an amazing boost, going up by a jaw-dropping 70% YoY to a whopping 6,023 million units in Q1FY24. Can you believe it? That's some serious growth, and it's all thanks to their strong capacity addition.
Amit Singh, the CEO of Adani Green Energy Ltd., is brimming with positivity about the future. The company has set a remarkable goal of growing their renewable power capacity to an impressive 45 GW by 2030. And they have big plans to make it happen - focusing on Solar, Wind, and Solar-Wind hybrid solutions as major contributors. Plus, they're all about creating a greener future and fighting climate change challenges with long-term clean storage structures like pumped hydro. Now that's dedication!
Adani Green Energy's portfolio is shining bright too! They've achieved impressive highlights, with a Solar portfolio CUF (Capacity Utilization Factor) of 26.9%, Wind portfolio CUF at 38.7%, and Solar-wind Hybrid portfolio CUF at 47.2%. Impressive, right?
And the good news keeps coming! The company's share price on the BSE is also seeing some positive action, trading 0.37% higher at ₹1,095.80 apiece at 2:35 pm.
With such incredible growth and a strong commitment to sustainability, Adani Green Energy is making waves in the renewable energy sector. Investors are all eyes and ears, and it's no surprise - the future looks bright for this green energy champion!