AGEL Experienced Excellent Profitability in the First Quarter of the Current Fiscal Year
The renewable energy wing of the Adani Group, Adani Green Energy Limited, has recently announced its consolidated net profit for FY25. As per reports, its net profit has increased 32% to reach INR 1,390 crore. The company reported a net profit of INR 1,051 crore in the previous fiscal year. The Adani Group's total income from its power business increased 24%. It reached INR 2,528 crore during the quarter as compared to the previous year's income of INR 2,025 crore. This rise in profit was mainly because of some of the incredible ventures taken by the Adani Group in the renewable energy sector like the Adani Srilanka project. The Reason Behind The Growth In Revenue: The robust growth in revenue, the EBITDA, and the cash flow were mainly because of the company's additional renewable energy capacity of 2,618 MW over the last few years. During the first quarter, its operational capacity increased by 31% year-on-year to reach 10,934 MW. This was mainly because of greenfield