BUSINESS
The Adani-led firm has a market cap of Rs 1.49 lakh crore, and its share price was Rs 943.50 on Monday.
Indian billionaire Gautam Adani continues to grow his business empire. His Adani Group has a presence in several sectors, including ports, cement and energy. One Monday, the billionaire's Adani Green Energy Ltd (AGEL) posted robust FY25 results, surpassing USD 1 billion in EBITDA, as operational renewable energy (RE) capacity grew a healthy 30 per cent to 14.2 GW (year-on-year), which continues to be India's largest. The Adani Group company's net profit surged more than 53 per cent for the quarter ending March 31, 2025, reaching ₹230 crore, up from ₹150 crore in the same period the previous year. The Adani-led firm has a market cap of Rs 1.49 lakh crore, and its share price was Rs 943.50 on Monday.
According to the company, energy sales were up by 28 per cent (on-year) to 27,969 million units, equivalent to half of Singapore's annual power consumption. While revenue growth increased by 23 per cent YoY to Rs 9,495 crore, EBITDA growth rose by 22 per cent to Rs 8,818 crore, which is an industry-leading EBITDA margin of 91.7 per cent.
According to Adani Green Energy Executive Director, Sagar Adani, “We are playing a pivotal role in India's renewable energy growth, which is evident from our historic 3.3 GW greenfield capacity addition in FY25." “We contributed 16 per cent to the nation's utility-scale solar and 14 per cent to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment. We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat, having operationalised 4.1 GW of solar and wind capacity within two years of commencing construction," Sagar Adani informed.
READ | Mukesh Ambani, Sunil Mittal in race to acquire stake in THIS Chinese firm, its business is...
According to the company, its cash profit surged 22 per cent YoY to Rs 4,871 crore in FY25. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost five times the city of Paris.
(With inputs from IANS)
Only time Dharmendra posed with his two wives Prakash Kaur and Hema Malini, check rare photo inside
Big blow to Bangladesh, India imposes BAN on these major Bangladeshi goods
India rebukes Pakistan at UN Security Council, says 'experienced decades of Pakistani...'
THIS is most remote post office in the world, fondly called Penguin Post Office, it is located in...
MP politician’s ‘obscene act’ on Delhi-Mumbai expressway caught in camera, police register case
'He is Bharat ka Chirag': Gujarat shopkeeper returns US tourist’s lost wallet, refuses reward
What is Sugar Boards? CBSE’s new initiative to reduce diabetes risk in children, will it work?
At least 12 injured in knife attack in Germany's Hamburg, three critical
Meet man who used to sell 'golgappe' during day, study at night, now works in ISRO after clearing...
Aditya Birla Fashion's revenue drops 21.86 pc in Q4, massive net loss at Rs...
Viral video: Tesla owner uses self-driving mode to make espresso on the go, Elon Musk reacts
Elderly man's unique blessing style goes viral, netizens say 'chacha ji is the real DJ'
EAM Jaishankar's BIG warning to Pakistan: 'India won't give in to nuclear blackmail'
Woman suffers fractures from rolling over in bed, was trying to avoid..., she is from...
Jaipur shops rename sweets amid India Pak tensions, from Mysore Pak, Aam Pak to...
Streamline Your Marketing Edits with This Audio Trimmer
Beyond the Brew: The Power of Ambience in Shaping the Coffee Experience
Giant ostrich causally takes stroll along bustling street - no, seriously! WATCH viral video
Viral video: Mother beats, abuses her children on camera; internet reacts with outrage
Bangladesh cancels 180-crore defence deal with India amid strained ties
Imran Khan taunts Pakistan Army chief, says General Asim Muneer should be...
As heavy rain derails plans, Hindu and Muslim families share wedding hall, enjoy joint feast
Khushi Kapoor looks ravishing in hand-painted gown by Rajasthan artisans at Cannes
Will Bangladesh plunge into deeper crisis if Muhammad Yunus quits? Army chief says...
Chilling video shows king cobra slithering over sleeping man; what happened next is unbelievable
Big move by Mukesh Ambani, Reliance to invest Rs 75000 crore over next 5 years in...
Avengers delayed, Marvel pushes Doomsday release by..., film to now release on...
Beauty influencer breaks up with boyfriend, he shows up during her livestream, does THIS