Adani Green Profit Jumps, Adani Gas Profits Dip

Adani Green Energy reported a 31% year-on-year profit increase to 8.24 billion rupees for the latest quarter, fueled by a 45% rise in operational renewable energy capacity to 15.8 GW and a 42% surge in electricity sales. The company's revenue from power supply also rose 31%, and its ongoing expansion, particularly at Khavda in Gujarat, is aimed at reaching 50 GW of renewable capacity by 2030. Advanced technologies and efficient plant performance contributed to robust EBITDA and cash profit growth, while company shares rose nearly 3% after the results announcement. Meanwhile, Adani Total Gas, another entity within the Adani Group, saw its quarterly profit drop 3.8% due to higher input costs following a reduction in cheap government gas supply, despite increased sales and network growth. These results underscore both the growth opportunities and operational challenges faced by the Adani Group's energy businesses amid India's clean energy transition. The company continues to receive industry recognition for its ESG performance and major renewable projects.