Adani Green-Energy’s fourth-quarter profit declined by 39% to ₹ 310 crore: Revenue also declined by 5.74% to ₹ 2,806 crore, company’s profit increased by 29% in the entire financial year.

Adani Green Energy Limited, an Adani Group company, on Friday (May 3) released the results of Q4FY24 i.e. the fourth quarter of the financial year 2024. In the January-March quarter, the company’s consolidated net profit declined by 39% year-on-year (YoY) to ₹ 310 crore. The company’s consolidated net profit in the same quarter last year was ₹507 crore. Whereas in the last quarter (Q3FY24) it was ₹256 crore. That means the company’s consolidated net profit has increased by 21.09% on quarterly basis (QoQ). The company’s revenue declined by 5.74% to ₹ 2,806 crore. In the fourth quarter, the company’s consolidated revenue (income) declined by 5.74% to ₹ 2,806 crore on an annual basis. It was Rs 2,977 crore in the same period of the last financial year. The company’s consolidated revenue in the last quarter (Q3FY24) stood at ₹2,675 crore. That means the company’s revenue has increased by 4.89% on quarterly basis (QoQ). 29% increase in company’s profits in the entire financial year. An increase of 29.49% has been recorded in the consolidated profits of the company in the entire financial year. The consolidated profit of the company in FY24 was Rs 1,260 crore. In the last financial year i.e. FY23, the profit of Adani Green Energy was Rs 973 crore. Green Energy shares gave 93% return in six months. After the results, Adani Green Energy shares closed 0.57% higher at Rs 1,797 today. With this, the market cap of the company has also increased to Rs 2.85 lakh crore. The company’s shares have declined 4.96% in the last one month. Its share has increased by 93.96% in the last six months. In the last one year it gave 90.05% returns to investors.

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