Adani Green Energy Limited (AGEL) announced its Q4 and FY25 results on April 28, 2025, reporting a strong performance led by a significant jump in power supply and operational expansion.
In the fourth quarter of FY25, revenue from power supply rose 37% year-on-year to ₹2,666 crore from ₹1,941 crore in the same quarter last year. For the full financial year FY25, revenue from power supply grew 23% to ₹9,495 crore compared to ₹7,735 crore in FY24.
The company’s EBITDA from power supply increased 22% to ₹8,818 crore in FY25, with an industry-leading EBITDA margin of 91.7%. Cash profit surged 22% year-on-year to ₹4,871 crore in FY25.
Operational Highlights:
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Energy sales for FY25 grew by 28% YoY to 27,969 million units.
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Operational renewable energy capacity rose 30% YoY to 14.2 GW, maintaining AGEL’s position as India’s largest pure-play renewable energy company.
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The company achieved water positivity across its entire operational portfolio ahead of the FY26 target.
During FY25, AGEL added a record 3.3 GW of greenfield capacity, contributing 16% of nationwide utility-scale solar and 14% of wind installations.
The company is also progressing on developing the world’s largest renewable energy plant at Khavda, Gujarat, targeting 30 GW by 2029. As of March 2025, 4.1 GW of solar and wind capacity has already been operationalized at the site.
Project Execution and Efficiency:
AGEL maintained a strong solar capacity utilization factor (CUF) of 32.4% in Q4 FY25. The company consistently exceeded its annual generation commitments under power purchase agreements (PPA), achieving 107% of the PPA requirement during the year.
On the technology front, AGEL deployed advanced bifacial solar modules, robotic module cleaning systems, and one of the world’s largest onshore wind turbines (5.2 MW) to drive efficiency and enhance generation.
Financial Strength and ESG Focus:
AGEL refinanced USD 1.06 billion maiden construction facility with long-term financing having a 19-year amortization structure and received an AA+ domestic credit rating. The company also retained its top rankings in ESG assessments, securing 1st position in Asia and amongst the top 5 globally in renewable energy sector evaluations.
