Thu Jan 23 21:34:29 IST 2025: ## Adani Green Energy Reports 85% Surge in Q3 Net Profit

**Mumbai, India** – Adani Green Energy Ltd (AGEL) announced a significant jump in its net profit for the third quarter of fiscal year 2025, marking an 85 percent year-on-year increase. The company reported a consolidated net profit of Rs 474 crore (approximately $57 million USD) for the December quarter, compared to Rs 256 crore in the same period last year. This growth was driven by increased revenue from power supply.

While consolidated revenue saw a more modest 2.3 percent rise to Rs 2,365 crore from Rs 2,311 crore year-on-year, AGEL’s overall performance for the first nine months of fiscal 2025 was strong. The company reported an 18 percent increase in revenue to Rs 6,829 crore, an 18 percent rise in EBITDA to Rs 6,366 crore, and a 23 percent increase in cash profit to Rs 3,630 crore.

AGEL also highlighted its commitment to sustainability, announcing a 99.7 percent reduction in emission intensity per unit of generation and a 98.7 percent reduction in freshwater consumption per unit of generation over the first nine months of the fiscal year. The company further reported adding 7,233 direct and indirect jobs during the April-December period.

AGEL’s significant contribution to India’s renewable energy sector was also emphasized, with the company accounting for 15 percent of nationwide utility-scale solar installations and 12 percent of wind installations in calendar year 2024. The strong financial results and commitment to sustainability solidify AGEL’s position as a major player in India’s renewable energy landscape.

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