Adani Green Energy Ltd consolidated Q1FY24 net profit drops QoQ to Rs. 322 crores

Adani Green Energy Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2404 crores during the period ended June 30, 2023 as compared to Rs. 2988 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 322 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 508 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.85 for the period ended June 30, 2023 as compared to Rs. 3.02 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 2404 crs	₹2988 crs	-19.54%
Net Profit	₹322 crs	₹508 crs	-36.61%
EPS	₹1.85	₹3.02	-38.74%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 2404 crores during the period ended June 30, 2023 as compared to Rs.1701 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.322 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.214 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.85 for the period ended June 30, 2023 as compared to Rs.1.18 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 2404 crs	₹1701 crs	41.33%
Net Profit	₹322 crs	₹214 crs	50.47%
EPS	₹1.85	₹1.18	56.78%

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1093.10 as compared to the previous close of Rs. 1091.75. The total number of shares traded during the day was 163940 in over 10915 trades.

The stock hit an intraday high of Rs. 1137.85 and intraday low of 1082.40. The net turnover during the day was Rs. 181085679.00.

Source : Equity Bulls

Keywords

AdaniGreenEnergy Q1FY24 ResultUpdate