Adani Green Q4 Result Review: Onto Steeper Trajectory, Says ICICI Securities, Maintains 'Buy', Sees 25% Upside

Adani Green Energy reported strong set of result in Q4 FY25. Revenue was Rs 27 billion (+31% YoY), in line with higher generation (+44% YoY). Ebitda came in at Rs 24 billion (+31% YoY) and profit was Rs 3.9 billion (+25% YoY). Profit was partly impacted by exceptional losses of Rs 1.66 billion booked during the quarter. FY25 revenue/Ebitda was up 23% YoY at Rs 99 billion/90 billion as generation improved by 28%.