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Adani Green Energy Q4 earnings: Net profit falls 39%, revenue at Rs 2,806 crore

Adani Green Energy Q4 earnings: Net profit falls 39%, revenue at Rs 2,806 crore

Adani Green Energy Q4 earnings: Net profit slipped to Rs 310 crore in the last quarter against Rs 507 crore in the March 2023 quarter.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated May 3, 2024 4:09 PM IST
Adani Green Energy Q4 earnings: Net profit falls 39%, revenue at Rs 2,806 crore Adani Green Energy’s revenue fell 6% to Rs 2,806 crore in Q4FY24 as against Rs 2,977 crore in Q4FY23.

Adani Green Energy reported a 39% fall in net profit for the quarter ended March 2024. Net profit slipped to Rs 310 crore in the last quarter against Rs 507 crore in the March 2023 quarter. Adani Green Energy’s revenue fell 6% to Rs 2,806 crore in Q4FY24 as against Rs 2,977 crore in Q4FY23.

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Earnings per share of the Adani Group firm slipped to Rs 0.76 in Q4 against Rs 3.02 in Q4 of FY23.

Stock of Adani Green Energy ended 0.61% higher at Rs 1798.15 on BSE. Market cap of the Adani Group firm rose to Rs 2.84 lakh crore. Total 1.13 lakh shares of the firm changed hands amounting to a turnover of Rs 20.21 crore on BSE.

On an annual basis, revenue from operations rose 21.38% to Rs 10,460 crore in FY24 against Rs 8617 crore in FY23. 

Net profit rose 29.5% to Rs 1260 crore in the last fiscal against Rs 973 crore in FY23. 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: May 3, 2024 4:09 PM IST
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