Adani Green Energy Announces Q4 Results, Reports Rs. 507 Cr Net Profit

Adani Group's Adani Green Energy on Monday, May 01, 2023, reported 319 per cent rise in consolidated net profit at Rs. 507 crore for the quarter ending March 31, 2023. It reported consolidated net profit of Rs 121 crore in the corresponding quarter last financial year.

The Adani firm's total income rose 88 per cent to Rs 2,988 crore in Q4FY23 as compared to Rs. 1,587 crore in Q4FY22.

The revenue of operations from power supply stood at Rs. 2,130 crore for the quarter under review from Rs. 1,128 crore in the year ago period. While, for FY23, revenue from power supply increases by 54% YoY to Rs. 5,825 crore.

In FY23, the firm reported an EBITDA of Rs. 5,538 crore, up by 57 per cent YoY, due to robust growth in revenues, EBITDA and cash profit.

Meanwhile, on Friday, the shares of Adani Green Energy closed 3.70% higher at Rs. 951 apiece.

The stock has performed well over the years, giving a positive return. It surged 3.8% in 1 week. However, it has fallen 67.34% in 1 year. It has given a 366.98% strong return in the past 3 years.