Adani Green Energy, a prominent player in India's renewable energy sector, recently illuminated the stock market with its impressive second-quarter results. Following the announcement, the company's shares surged by a significant 14% to hit ₹1,145, marking a four-week high. This robust performance has not only brought a much-needed boost to investor confidence but also highlighted the company's growing strength in the green energy space.
Despite largely flat revenue, Adani Green Energy reported a remarkable 25% year-on-year jump in consolidated net profit, reaching ₹644 crore. This significant boost was primarily driven by a substantial 39% increase in energy sales, soaring to 19,569 million units. The company's focus on operational efficiency also played a crucial role, contributing to a 9% rise in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) to ₹2,844 crore and an impressive 11 percentage point improvement in its EBITDA margin to 87.5%. These figures underscore Adani Green's effective strategy in leveraging its expanding infrastructure.
The strong quarterly performance comes alongside significant capacity expansion, with Adani Green adding 2.4 GW in the first half of FY25-26, bringing its operational capacity to 16.7 GW as of September 30. This puts the company firmly on track to achieve its ambitious target of 50 GW of installed capacity by FY2030. While the stock has seen a commendable recovery in recent months, its consistent operational growth and strategic capacity additions could be key indicators of its future trajectory in India's rapidly expanding renewable energy landscape.
