Earnings Review
Adani Green consol net down 26% despite 38% rise in revenue
This story was originally published at 17:47 IST on 22 October 2024
Register to read our real-time news.Informist, Tuesday, Oct. 22, 2024
Please click here to read all liners published on this story
--Adani Green Jul-Sept consol net profit INR 2.76 bln vs INR 3.72 bln yr ago
--Adani Green Jul-Sept consol revenue INR 30.55 bln vs INR 22.20 bln yr ago
--Adani Green Apr-Sept consol net profit INR 7.22 bln vs INR 6.94 bln yr ago
--Adani Green Apr-Sept consol revenue INR 58.89 bln vs INR 43.82 bln yr ago
--Adani Green:Sales from power supply INR 23.1 bln in Jul-Sept, up 16% on yr
--Adani Green: EBITDA from power supply INR 21.4 bln in Jul-Sept, up 17% YoY
MUMBAI – Adani Green Energy Tuesday reported a consolidated net profit of INR 2.76 billion for Jul-Sept, down 25.8% on year from INR 3.72 billion in the year-ago quarter. The company reported a consolidated net revenue of INR 30.55 billion for the September quarter, up 37.6% on year. The company's consolidated revenue growth for the September quarter is the highest in four quarters. The company's other income for the September quarter was INR 3.21 billion, down 13% on year.
For the September quarter, the company reported total expenses of INR 28.37 billion, up 31.3% from INR 21.6 billion in the year-ago quarter. Adani Green Energy reported a finance cost of INR 13.69 billion, up 17.5% from INR 11.65 billion in the year-ago quarter. The company's depreciation and amortisation expense for the September quarter was INR 6.18 billion, up 30.4% on year. The company's finance cost accounted for 48.3% of its total expenses and depreciation and amortisation expense accounted for 21.8% of its total expenses.
In Apr-Sept, the company reported a consolidated net profit of INR 7.22 billion, up 4% on year. The company reported a consolidated revenue of INR 58.89 billion, up 34.4% on year. More
To read more please subscribe
Share this Story:
