Adani Green Energy Ltd posts consolidated Q3FY24 PAT of Rs. 256 crores

Adani Green Energy Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2675 crores during the period ended December 31, 2023 as compared to Rs. 2589 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 256 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 372 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 1.42 for the period ended December 31, 2023 as compared to Rs. 2.17 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 2675 crs	₹2589 crs	3.32%
Net Profit	₹256 crs	₹372 crs	-31.18%
EPS	₹1.42	₹2.17	-34.56%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 2675 crores during the period ended December 31, 2023 as compared to Rs.2256 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.256 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.103 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.1.42 for the period ended December 31, 2023 as compared to Rs.0.47 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 2675 crs	₹2256 crs	18.57%
Net Profit	₹256 crs	₹103 crs	148.54%
EPS	₹1.42	₹0.47	202.13%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.7654 crores during the 9 Months period ended December 31, 2023 as compared to Rs.5640 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.950 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.466 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.5.44 for the 9 Months period ended December 31, 2023 as compared to Rs.2.39 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹7654 crs	₹5640 crs	35.71%
Net Profit	₹950 crs	₹466 crs	103.86%
EPS	₹5.44	₹2.39	127.62%

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1664.50 as compared to the previous close of Rs. 1640.15. The total number of shares traded during the day was 45306 in over 4136 trades.

The stock hit an intraday high of Rs. 1677.00 and intraday low of 1637.10. The net turnover during the day was Rs. 75133846.00.

Source : Equity Bulls

Keywords

AdaniGreenEnergy Q3FY24 9MFY24 ResultUpdate