Adani Green Energy Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Green Energy reported FY25 revenue of ₹9,495 Cr (+23% YoY) and EBITDA of ₹8,818 Cr (+22%), with energy sales up 28% to 28 billion units. It added a record 3.3 GW capacity in FY25 and is progressing quickly on its Khavda project, operationalizing 4 GW and targeting 30 GW by 2029. Solar capacity utilization was above 32% in Q4, with wind CUF around 27%, set to improve. The company plans 5 GW additions in FY26, backed by strong capital management and refinancing. Merchant solar realizations stand at ₹3.1-3.2/unit; wind at ~₹5.5/unit. ESG efforts remain strong, with a confident outlook on growth and execution.