Adani New Industries Ltd Reports Record Sales and Profit Growth in FY 2024-25
Key Ideas
- Adani New Industries Ltd (ANIL) recorded a total income of INR 7,634 crore in the first half of FY 2024-25, a remarkable 99% increase from the previous fiscal year.
- The company's profit before tax also surged by 192% year-on-year to reach INR 2,341 crore, showcasing a strong financial performance.
- ANIL is actively expanding its renewable energy manufacturing ecosystem in Mundra, Gujarat, focusing on wind, solar, electrolyzer, and allied equipment, with an emphasis on generating low-cost green hydrogen.
- The successful sales growth was highlighted by a significant increase in solar module sales, reaching 2,380 MW in H1 FY 2025, with a substantial rise in both domestic and export markets.
Adani New Industries Ltd (ANIL), a subsidiary of Adani Enterprises, has reported impressive financial results for the first six months of the fiscal year 2024-25. The company achieved a total income of INR 7,634 crore, indicating a substantial 99% growth compared to the same period in the previous fiscal year. Additionally, ANIL's profit before tax soared by 192%, reaching INR 2,341 crore. ANIL is strategically developing a cutting-edge renewable energy manufacturing hub in Mundra, Gujarat, which will encompass various technologies such as wind, solar, electrolyzer, and associated equipment to facilitate the production of cost-effective green hydrogen. The company's solar module manufacturing capabilities have expanded significantly, with 4 GW of solar cell-module capacity and 2 GW of ingot-wafer capacity currently operational. Notably, ANIL's solar module sales in the first half of FY 2025 reached 2,380 MW, showcasing a remarkable 91% year-on-year increase. The company's success extended to receiving a Letter of Award for an electrolyzer manufacturing facility and achieving a production milestone of 300 wind turbine generator blades. Overall, ANIL's robust financial performance and strategic advancements position it as a key player in India's renewable energy sector.