This story is from February 08, 2023
Adani Green Energy Q3 profit more than doubles to Rs 103 crore on strong demand
AHMEDABAD: The consolidated net profit of Adani Green Energy Limited (AGEL) more than doubled to Rs 103 crore in the third quarter of the current fiscal year 2023, backed by higher revenues. The company’s net profit stood at Rs 49 crore in the year-ago period according to AGEL’s stock exchange filing.
AGEL’s total income during the third quarter rose to Rs 2,258 crore from Rs 1,471 crore in the corresponding period. The solar capacity utilisation factor (CUF) and sale of energy improved with the integration of high-quality SB energy portfolio with a CUF of 26% in April to December period.
The company’s Revenue from power supply increased nearly 30% to Rs 1,260 crore during the quarter, the green energy arm of the conglomerate said in an exchange filing.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
The company’s Revenue from power supply increased nearly 30% to Rs 1,260 crore during the quarter, the green energy arm of the conglomerate said in an exchange filing.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Top Comment
mmmm
688 days ago
I was mentioning many times that ADANI & Co will bounce back better than before. Now the HamburgerHR and internal enemies/traitors will eat their ownshits. Jai Hind.Read allPost comment
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