Adani Green Energy Ltd Q1FY22 consolidated PAT jumps to Rs. 219 crores

Adani Green Energy Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1079 crores during the period ended June 30, 2021 as compared to Rs.1082 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.219 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.104 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.23 for the period ended June 30, 2021 as compared to Rs.0.48 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1079 crs	₹ 1082 crs	-0.28%
Net Profit	₹ 219 crs	₹ 104 crs	110.58%
EPS	₹ 1.23	₹ 0.48	156.25%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1079 crores during the period ended June 30, 2021 as compared to Rs.878 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.219 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.22 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.23 for the period ended June 30, 2021 as compared to Rs.0.13 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1079 crs	₹ 878 crs	22.89%
Net Profit	₹ 219 crs	₹ 22 crs	895.45%
EPS	₹ 1.23	₹ 0.13	846.15%

"With the data analytics driven O&M, deployment of latest technologies and continued capacity additions despite the pandemic, AGEL has been able to consistently report strong operational performance for both solar and wind portfolios." said Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd. He further said "The visibility of our growth path has steadily improved over the years and we now have a locked-in growth of 24.3 GW. On the ESG front, we are working on initiatives like single use plastic free certification, zero waste to landfill and net water neutrality for all our operating renewable plants. While we are already ranked as the 3 rd best in DJSI-S&P Global ESG Benchmarking in Electric Utility sector in India, we endeavor to further improve on our ESG commitment."

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 894.2 as compared to the previous close of Rs. 883.45. The total number of shares traded during the day was 19076 in over 2335 trades.

The stock hit an intraday high of Rs. 910 and intraday low of 877. The net turnover during the day was Rs. 17015225.

Source : Equity Bulls

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