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Adani Green Energy Limited Consolidated Results for Q2 and H1 FY20

Posted On: 2019-11-13 21:04:53

Adani Green Energy Limited (AGEL), a part of the Adani Group, today announced its financial results for Q2 FY20 and H1 FY20.

FINANCIAL HIGHLIGHTS

H1 FY20

- Total Revenue of Rs. 1,349 crore, up 46% y-o-y.
- Revenue from Power generation2 of Rs. 1,016 crore, up 10% y-o-y.
- EBITDA1 of Rs. 918 crore, up 9 % y-o-y.
- EBITDA2 margin of 89%.
- Profit for the period of Rs. 5 crore vs. loss of Rs. 262 crore y-o-y.
- Cash Profit3 Rs. 464 crore, up 9% y-o-y.

Q2 FY20

- Total Revenue of Rs. 688 crore, up 53% y-o-y.
- Revenue from Power generation2 of Rs. 462 crore, up 3% y-o-y.
- EBITDA1 of Rs. 422 crore, up 5% y-o-y.
- EBITDA2 margin of 89%.
- Profit for the period of Rs. 102 crore vs. loss of Rs. 188 crore y-o-y.
- Cash Profit3 Rs. 207 crore, up 20% y-o-y.

Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Green Energy Limited said, "Adani Green Energy continues to expand and invest in the renewables spectrum following the government's mission to be world's largest renewable energy expansion programme of 175GW till 2022. AGEL will continue to provide reliable, sustainable, round the clock green power for India's growing power demands and needs."

Mr. Jayant Parimal, CEO, Adani Green Energy Ltd said, "Adani Green Energy commissioned 450 MW of new renewable capacity in H1 FY20, taking our total operational portfolio to 2.4 GW. With a further 2.9 GW currently under construction, we will reach 5.3 GW capacity progressively over the next 2 years, contributing to the renewable energy targets of the country. We had strong operational and financial performance, with an EBITDA of Rs. 918 crore in H1 FY20 and EBITDA margin of 89%. We successfully issued an amortizing 20 year bond for $362.5 mn at a coupon of 4.625%. This was the first investment grade rated USD bond by an Indian renewable Company, and serves as a good framework for funding for new projects."

Shares of Adani Green Energy Ltd was last trading in BSE at Rs.95.95 as compared to the previous close of Rs. 93.6. The total number of shares traded during the day was 838398 in over 6832 trades.

The stock hit an intraday high of Rs. 99.8 and intraday low of 94. The net turnover during the day was Rs. 81432655.


Source: Equity Bulls

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