XTRAS: Adani Group gives about 3% of the group’s earnings to the Adani Foundation for philanthropic activities. The foundation’s Adani Vidya Mandir School in Ahmedabad imparts free education to children belonging to low-income families. It also runs rural clinics and mobile healthcare units.
Adani Green Energy Limited (AGEL) is a renewable energy company having its headquarters in Ahmedabad, Gujarat. It is owned by the Adani group. The company came into existence on January 23, 2015. The company currently manages and operates 5290 MW of wind & solar power plants, with 46 operational projects spread across 11 states in India.
Financial Highlights:
• Total Revenue of the company has shown upward trend with a three year high in FY-2021.
• Operating expenses of Adani Green increased significantly in the FY 2020 and remain constant for the FY2021.
• Profit after tax which took a deep dive for FY 2019 and 2020 but has come back in FY21.
• Total asset of the company shows an upward trend from last 3 financial years.
Cash Flow Analysis:
• The cash flow from operating activities during the last 4 financial years remains positive which is a good sign and it has increased significantly since 2017 year on year with a slight slump in 2021.
• The cash flow from investing activities has been negative throughout the last 4 financial years as the company is investing in the purchase of fixed assets and long-term investment but the amount of investment in FY 2021 is more compared to the previous year.
• Overall net cash flow of the company in the FY2021 is negative.
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