Adani Green Energy Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Adani Green Energy Ltd reported a 22.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.7%.
- Its expenses for the quarter were down by 18.1% QoQ and 1.9% YoY.
- The net profit decreased 8.0% QoQ and increased 85.2% YoY.
- The earnings per share (EPS) of Adani Green Energy Ltd stood at 2.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2630.00 | 3376.00 | 2675.00 | -22.1% | -1.7% |
Total Expenses | 2323.00 | 2837.00 | 2368.00 | -18.1% | -1.9% |
Profit Before Tax | 291.00 | 442.00 | 207.00 | -34.2% | 40.6% |
Tax | -109.00 | 26.00 | 68.00 | -519.2% | -260.3% |
Profit After Tax | 474.00 | 515.00 | 256.00 | -8.0% | 85.2% |
Earnings Per Share | 2.90 | 1.50 | 1.40 | 93.3% | 107.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Adani Green Energy Ltd is a prominent player in the renewable energy sector in India. The company primarily focuses on developing, building, owning, operating, and maintaining utility-scale grid-connected solar and wind farm projects. As part of the Adani Group, one of India's largest business conglomerates, Adani Green Energy has been expanding its renewable energy capacity to meet the growing demand for sustainable energy solutions. The company aims to contribute significantly to India's target of achieving a substantial portion of its energy production from renewable sources. Recent major developments in the renewable energy sector, including government policies favoring clean energy, have been pivotal to companies like Adani Green Energy.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Adani Green Energy Ltd reported a total income of ₹2630 crores. This represents a decline of 22.1% compared to the previous quarter (Q2FY25), where the total income was ₹3376 crores. Year-over-year, the total income recorded a decrease of 1.7% from ₹2675 crores in Q3FY24. This information highlights the fluctuations in the company's revenue over these periods. The revenue decline on both a quarterly and annual basis in this quarter reflects the company's current income position relative to these reference periods.
Profitability
Adani Green Energy Ltd reported a profit before tax of ₹291 crores for Q3FY25, down 34.2% from ₹442 crores in the previous quarter (Q2FY25). However, there is a notable year-over-year increase of 40.6% from ₹207 crores in Q3FY24. This quarter saw a significant tax benefit, with a tax credit of ₹109 crores compared to tax expenses of ₹26 crores in Q2FY25 and ₹68 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹474 crores, marking a decline of 8.0% from ₹515 crores in Q2FY25, but an increase of 85.2% over ₹256 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹2.90, reflecting a substantial increase of 93.3% QoQ and 107.1% YoY.
Operating Metrics
In the analysis of operating metrics, total expenses for Q3FY25 were ₹2323 crores, which is an 18.1% decrease from ₹2837 crores in Q2FY25 and slightly lower by 1.9% compared to ₹2368 crores in Q3FY24. The decrease in expenses QoQ and YoY may indicate operational adjustments or changes in cost structures. The company's ability to manage its expenses, even as total income has declined, is a crucial aspect of its operating performance. The significant changes in tax liabilities also affect the company's net profit figures, as observed in the substantial tax credit in the current quarter. These dynamics within the financial data are essential for understanding the operational efficiency and financial health of Adani Green Energy Ltd during the reported period.
