
As India accelerates its shift toward sustainable energy and gas-based infrastructure, two major players from the Adani Group, Adani Green Energy and Adani Total Gas, have released their Q4 FY25 results. Both stocks reacted positively in early trading, reflecting investor optimism.Â
But the numbers also reveal deeper stories of growth, challenges, and evolving strategies in the renewables and city gas distribution markets. Here’s a breakdown of how these energy giants fared and what it means for their future.
Also read: Reliance Industries’ Q4 results analysis
Adani Green Financial Highlights
- Net Profit: ₹383 crore, up 25.5% YoY from ₹310 crore.
- Revenue: ₹3,278 crore, a 24% increase from ₹2,641 crore.
- EBITDA: ₹8,818 crore for FY25, rising 22% YoY.
- EBITDA Margin: 91.7% in Q4 FY25.
Operational Achievements
- Capacity Addition: 3.3 GW added in FY25, marking the highest-ever greenfield addition by any renewable energy firm.
- Total Operational Capacity: 14.2 GW as of March 31, 2025.
- Energy Sales: 27,969 million units in FY25, a 28% YoY increase.
- Solar CUF: 32.4% in Q4 FY25, indicating high efficiency.
Sustainability Metrics
- GHG Emission Reduction: 99.8% lower than the Indian grid average.
- Water Usage: 99.6% less freshwater per unit of generation in FY25.
Market Presence and Index Inclusions
- Adani Green Energy continues to hold weightage in key indices such as NIFTY Next 50, NIFTY Energy, and Nifty 500 Multicap.
- The company’s long-term market trajectory remains bullish, despite recent volatility due to global renewable energy sector headwinds.
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Adani Total Gas: Q4 FY25
Financial overview
- Net Profit: ₹154.59 crore, a 7.9% decline YoY.
- Revenue: ₹1,453.37 crore, up 15.5% from ₹1,258.37 crore.
- EBITDA: ₹266 crore, a marginal increase from ₹265 crore.
- EBITDA Margin: 19.9%, slightly down from 20.4%.
Operational highlights
- CNG Stations: 647 operational stations, with 42 added in the quarter.
- CNG Volume: 18% YoY growth.
- PNG Connections: Over 9.6 lakh households, with a 5% YoY volume growth.
- Total Volume: 13% YoY increase in Q4 FY25.
Dividend announcement
- Dividend: ₹0.25 per equity share for FY25, subject to shareholder approval.
Macro trends impacting performance
- Despite strong operational metrics, Adani Total Gas has faced market pressure due to a weak start to the year and broader macroeconomic factors affecting oil and gas.
- The company’s transition towards expanding infrastructure and adding city gas distribution coverage continues to offer long-term value potential.
Stock Market Response
- Adani Green Energy: Opened at ₹960.90, over 2% higher than the previous close of ₹940.20.
- Adani Total Gas: Opened at ₹624.95, reaching a high of ₹625.35, translating to gains of more than 1%.
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Conclusion
Adani Green Energy has delivered a consistent growth story, with clear strength in revenue, profitability, and operational scale. Its bullish sentiment is backed by sustainability leadership and market positioning.
Adani Total Gas, while facing some earnings pressure, continues to strengthen its infrastructure footprint and remains focused on long-term value creation.
Both companies signal the Adani Group’s ongoing push in India’s green and clean energy future. For investors, the Q4 FY25 results offer a snapshot of momentum and stability, backed by volume growth and strategic expansion.