30/4/2025, 2:31:03 pm

Buy Adani Green Energy; target of Rs 1500: Emkay Global Financial

Adani Green Energy's Q4FY25 EBITDA rose 31% YoY to Rs24bn, driven by a 30% increase in operational capacity and improved capacity utilization factor (CUF), with Khavda achieving 32%. Power sales grew 44%, while net debt rose 37% YoY to Rs729bn. FY25 capacity addition was 3.3GW, impacted by rains. Emkay retains a BUY rating with a target price of Rs1,500.