Adani Energy Solutions shines on reporting 46% rise in Q2 consolidated net profit
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Adani Energy Solutions is currently trading at Rs. 780.20, up by 8.95 points or 1.16% from its previous closing of Rs. 771.25 on the BSE.
The scrip opened at Rs. 785.80 and has touched a high and low of Rs. 785.80 and Rs. 776.35 respectively. So far 5353 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3385.00 on 07-Nov-2022 and a 52 week low of Rs. 630.00 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 785.80 and Rs. 741.95 respectively. The current market cap of the company is Rs. 86032.37 crore.
The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 21.60% and 5.17% respectively.
Adani Energy Solutions has reported over 3- fold jump in its net profit at Rs 105.38 crore for Q2FY24 as compared to Rs 32.12 crore for the same quarter in the previous year. Total income of the company increased by 12.12% at Rs 395.30 crore for Q2FY24 as compared Rs 352.56 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 46.08% rise in its net profit at Rs 284.09 crore for the quarter under review as compared to Rs 194.47 crore for the same quarter in the previous year. Total income of the company increased by 11.55% at Rs 3766.46 crore for Q2FY24 as compared Rs 3376.57 crore for the corresponding quarter previous year.
