Adani Enterprises, Adani Green Energy, Adani Total Gas: Adani Shares Trading In Green Today

The share price of different Adani stocks which remained in focus on Wednesday include Adani Green Energy, Adani Enterprises, and Adani Total Gas. Two Adani group companies including Adani Green Energy and Adani Total Gas have already released their Q2 results.

At 9:37 am IST today, the share price of Adani Total Gas was seen trading 0.59% higher at Rs 568.15 per token, while Adani Enterprises shares gained 0.61% at Rs 2307.80 per share. The share price of Adani Green Energy was spotted trading 1.10% higher at Rs 919.35 per share at 9:39 am IST today.

In its Q2FY24 results announced on Tuesday, Adani Total Gas clocked a 8% Year-on-Year (YoY) increase in its consolidated net profit at Rs 173 crore.

During this period, the company's consolidated revenue from operations declined by 0.92% YoY at Rs 1179 crore.
The Adani group firm's EBITDA rose 22% YoY to Rs 289 crore in the July-to-September quarter, while the company's gross debt stood at Rs 1372 crore.

Meanwhile, Adani group's renewable energy firm Adani Green Energy reported 148.99% growth in Q2FY24 net profit at Rs Rs 371 crore on Monday. During the quarter, Adani Green's solar portfolio CUF grew by 90 basis points at 25.2%, wind portfolio CUF was up by 360 bps at 40.2%, and solar-wind hybrid portfolio CUF at 45.4% (up 880 bps). Adani Green's revenue from operations rose 79.55% to Rs 1,984 crore in the September 2023 quarter on a YoY basis.