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Apollo Green Energy Reports Robust FY25 Performance; Eyes Expansion in PPA, Green Hydrogen & Storage

Apollo Green Energy has posted a consolidated revenue of Rs726.16 crore for FY 2024–25, with a Profit After Tax (PAT) of Rs44.36 crore, marking a steady year-on-year growth. The company’s board has recommended a 15% dividend, reflecting its commitment to value creation and financial discipline.

Operating an asset-light model across eight states, Apollo Green has built over 400 MW of solar capacity and is targeting a 1 GW EPC order book by 2026. It is currently executing 290 MW (AC) of solar EPC projects for NHPC in Odisha, Kerala, and Gujarat, and recently completed a Rs700 crore flue gas desulphurization (FGD) project in Anuppur. Its solar streetlight initiative in Bihar, featuring 1.5 lakh installations, further reinforces its grassroots impact.

Apollo Green is now foraying into the solar PPA segment, having secured two 4 MW projects from Jodhpur Vidyut Vitran Nigam in Rajasthan, and plans to develop this line of business through a 100% subsidiary. The company is also laying the groundwork for future participation in green hydrogen, battery energy storage systems (BESS), and EV infrastructure.

Chairman and MD Raaja Kanwar emphasized the company’s commitment to India’s clean energy targets, highlighting the role of scalable infrastructure, technology, and partnerships in supporting the country’s energy transition.