Adani Green Energy Limited (BOM: 541450)

Adani Green Energy Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	106,980	92,200	77,760	51,330	31,240	25,490
Other Revenue	530	240	150	100	50	10
Revenue	107,510	92,440	77,910	51,430	31,290	25,500
Revenue Growth (YoY)	19.84%	18.65%	51.49%	64.37%	22.71%	22.77%
Operations & Maintenance	2,730	2,730	2,010	1,390	890	830
Selling, General & Admin	170	170	50	70	30	80
Depreciation & Amortization	21,890	19,030	13,000	8,490	4,860	3,940
Other Operating Expenses	21,430	15,860	20,400	14,720	7,840	6,750
Total Operating Expenses	46,220	37,790	35,460	24,670	13,620	11,600
Operating Income	61,290	54,650	42,450	26,760	17,670	13,900
Interest Expense	-46,350	-43,840	-32,940	-23,750	-15,320	-12,840
Interest Income	9,170	9,170	6,070	3,670	3,730	650
Net Interest Expense	-37,180	-34,670	-26,870	-20,080	-11,590	-12,190
Income (Loss) on Equity Investments	4,410	2,890	590	10	60	-70
Currency Exchange Gain (Loss)	-1,040	-210	-5,590	290	2,340	-3,320
Other Non-Operating Income (Expenses)	-5,220	-5,120	5,150	-2,360	-5,750	2,890
EBT Excluding Unusual Items	22,260	17,540	15,730	4,620	2,730	1,210
Total Merger & Restructuring Charges	-	-	-	-420	-	-
Gain (Loss) on Sale of Investments	870	870	350	120	50	110
Gain (Loss) on Sale of Assets	-210	-210	-390	-20	-60	-
Asset Writedown	-	-	-	-	-60	-
Other Unusual Items	-2,270	-1,490	-1,430	1,230	-730	-1,890
Pretax Income	20,650	16,710	14,260	5,530	1,930	-570
Income Tax Expense	3,550	4,110	4,530	640	110	110
Earnings From Continuing Ops.	17,100	12,600	9,730	4,890	1,820	-680
Minority Interest in Earnings	-5,820	-1,600	10	-	280	450
Net Income	11,280	11,000	9,740	4,890	2,100	-230
Preferred Dividends & Other Adjustments	1,170	1,170	1,170	1,100	1,030	920
Net Income to Common	10,110	9,830	8,570	3,790	1,070	-1,150
Net Income Growth	-13.56%	12.94%	99.18%	132.86%	-	-
Shares Outstanding (Basic)	1,582	1,584	1,582	1,564	1,564	1,564
Shares Outstanding (Diluted)	1,588	1,586	1,582	1,564	1,564	1,564
Shares Change (YoY)	5.91%	0.25%	1.14%	-	-	-
EPS (Basic)	6.39	6.21	5.42	2.42	0.68	-0.74
EPS (Diluted)	6.37	6.20	5.41	2.42	0.68	-0.74
EPS Growth	-19.63%	14.60%	123.25%	254.21%	-	-
Free Cash Flow	-142,310	-80,600	38,890	-117,320	-45,420	-14,340
Free Cash Flow Per Share	-89.60	-50.83	24.59	-75.01	-29.04	-9.17
Profit Margin	9.40%	10.63%	11.00%	7.37%	3.42%	-4.51%
Free Cash Flow Margin	-132.37%	-87.19%	49.92%	-228.12%	-145.16%	-56.24%
EBITDA	82,250	72,750	54,360	34,940	22,440	17,750
EBITDA Margin	76.50%	78.70%	69.77%	67.94%	71.72%	69.61%
D&A For EBITDA	20,960	18,100	11,910	8,180	4,770	3,850
EBIT	61,290	54,650	42,450	26,760	17,670	13,900
EBIT Margin	57.01%	59.12%	54.49%	52.03%	56.47%	54.51%
Effective Tax Rate	17.19%	24.60%	31.77%	11.57%	5.70%	-
Revenue as Reported	119,570	104,600	86,170	55,770	35,990	26,290

Source: S&P Capital IQ. Utility template. Financial Sources.