Adani Green Energy Ltd has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.1082 crores during the period ended March 31, 2021 as compared to Rs.843 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.105 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.44 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.0.48 for the period ended March 31, 2021 as compared to Rs.0.12 for the period ended December 31, 2020.
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Total Income | ₹ 1082 crs | ₹ 843 crs | 28.35% |
Net Profit | ₹ 105 crs | ₹ 44 crs | 138.64% |
EPS | ₹ 0.48 | ₹ 0.12 | 300% |
Financial Results (Q4 FY20-21) - YoY ComparisonThe company has reported total income of Rs.1082 crores during the period ended March 31, 2021 as compared to Rs.719 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.105 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.97 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.0.48 for the period ended March 31, 2021 as compared to Rs.0.45 for the period ended March 31, 2020.
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Total Income | ₹ 1082 crs | ₹ 719 crs | 50.49% |
Net Profit | ₹ 105 crs | ₹ 97 crs | 8.25% |
EPS | ₹ 0.48 | ₹ 0.45 | 6.67% |
Financial Results (Year ended FY 20-21) - YoY ComparisonThe company has reported total income of Rs.3520 crores during the 12 months period ended March 31, 2021 as compared to Rs.2629 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.210 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.(23) crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.0.68 for the 12 months period ended March 31, 2021 as compared to Rs.(0.147) for the 12 months period ended March 31, 2020.
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Total Income | ₹ 3520 crs | ₹ 2629 crs | 33.89% |
Net Profit | ₹ 210 crs | ₹ (23) crs | 1013.04% |
EPS | ₹ 0.68 | ₹(0.147) | 562.59% |
Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Green Energy Limited said, "I am gratified to see Adani Green Energy's results. About three years back we made a commitment to our shareholders that we would showcase India's ability to lead the renewable power revolution. Our ranking this year as the world's largest developer of solar power is testimony to this commitment, as is the investment that global majors are making in the AGEL portfolio. Despite all the challenges resulting from the pandemic, we have been resolute in our execution and stay confident of emerging as the world's largest renewable player before the end of the decade. We are also on track to contribute meaningfully to India's COP21 goals as well as to the wider UNFCCC goals of sustainability."
Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, "FY21 has been an eventful year for Adani Green Energy witnessing robust operational performance and rapid capacity build-up despite the pandemic, new strategic alliances and tie up of a revolving project finance facility.
On ESG front, we had Zero Loss time and recordable injury in FY21. The 648 MW Solar Plant at Kamuthi, Tamilnadu becoming the First Water Positive Plant of its kind in the World and the First Single Use Plastic (SUP) free plant of its kind in India. The plant has also been conferred EHS Excellence Award from CII in FY21.
AGEL's data analytics driven O&M, advance de-risking based development approach and disciplined yet transformational capital management will continue to ensure a steady progress towards target of having 25 GW operational capacity by 2025."
Shares of Adani Green Energy Ltd was last trading in BSE at Rs.1065.85 as compared to the previous close of Rs. 1046.45. The total number of shares traded during the day was 84869 in over 6574 trades.
The stock hit an intraday high of Rs. 1080.4 and intraday low of 1030. The net turnover during the day was Rs. 90249373.
Source : Equity Bulls
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