Adani Green Q1 Profit Rises 20% with 20 GW Capacity

Adani Green Energy Ltd reported a 20% increase in profit for the June quarter, driven by its operational clean energy capacity crossing 20 GW.

The company signed a pact with Adani Energy Solutions Ltd to supply 4 GW power, reducing earnings volatility.

Revenue from power sales increased by nearly 30% year-on-year, and Ebitda grew by a third.

However, the company faces constraints due to inadequate power evacuation capacity, which caused a 5-7% reduction in Ebitda due to curtailment.

Adani Green plans to expand its capacity to 50 GW by 2030.

Shares of Adani Green settled 4.5% lower on the NSE.