RE: Decent results20 Dec 2024 07:40
Key Points
H1 FY25 revenue increased by 24.4 per cent to £86.9 million due to increased operations (H1 FY24: £69.9 million).
Electricity generation (including deemed) at the Chennai plant in H1 FY25 was 1.39 billion units, an increase of 20 per cent, as compared to 1.16 billion units in H1 FY24.
Plant Load Factor ("PLF") for H1 FY25 was 81.5 per cent as compared to 63.96 per cent for H1 FY24.
H1 FY25 adjusted EBITDA increased by 13 per cent to £8.8 million (H1 FY24: £7.8 million).
Net cash as at 30 September 2024 was £22.3 million against net cash of £3.6 million as at 31 March 2024, owing to prompt payment from customers.
Revenue for FY25 expected to be higher than that of FY24 and the Company expects to deliver strong operational and financial performance.