Adani Green Energy surges on reporting 4-fold jump in Q4 consolidated net profit
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Adani Green Energy is currently trading at Rs. 982.35, up by 31.75 points or 3.34% from its previous closing of Rs. 950.60 on the BSE.
The scrip opened at Rs. 998.10 and has touched a high and low of Rs. 998.10 and Rs. 953.00 respectively. So far 222325 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2998.00 on 29-Apr-2022 and a 52 week low of Rs. 439.35 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 998.10 and Rs. 854.80 respectively. The current market cap of the company is Rs. 155670.79 crore.
The promoters holding in the company stood at 57.26%, while Institutions and Non-Institutions held 18.57% and 24.16% respectively.
Adani Green Energy reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss at Rs 240 crore for the quarter under review as compared to net loss of Rs 116 crore for the same quarter in the previous year. Total income of the company decreased by 20.38% at Rs 1766 crore for Q4FY23 as compared to Rs 2218 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 4- fold jump in its net profit at Rs 507 crore for fourth quarter ended March 31, 2023 as compared to Rs 121 crore for the same quarter in the previous year. Total income of the company increased by 88.28% at Rs 2988? crore for Q4FY23 as compared to Rs 1587 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported net loss at Rs 328 crore as compared to net loss of Rs 57 crore for the previous year. Total income of the company decreased by 24.31% at Rs 8409 crore for year under review as compared to Rs 11110 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 98.98% rise in its net profit at Rs 973 crore as compared to Rs 489 crore for the previous year. Total income of the company increased by 55.61% at Rs 8633 crore for year under review as compared to Rs 5548? crore for year ended March 31, 2022.
