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Adani Green Energy surges after its Q2 consolidated net profit rises 39% to Rs 515 crore
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Adani Green Energy is currently trading at Rs. 1699.75, up by 15.55 points or 0.92% from its previous closing of Rs. 1684.20 on the BSE.
The scrip opened at Rs. 1690.00 and has touched a high and low of Rs. 1700.00 and Rs. 1627.25 respectively. So far 43282 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2173.65 on 03-Jun-2024 and a 52 week low of Rs. 816.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1766.00 and Rs. 1627.25 respectively. The current market cap of the company is Rs. 262450.42 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 16.60% and 22.46% respectively.
Adani Green Energy has reported net profit at Rs 99 crore for the quarter ended September 30, 2024 as compared to net loss of Rs 259 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 4170 crore for Q2FY25 as compared to Rs 2058 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 38.81% rise in net profit at Rs 515 crore for Q2FY25 as compared to Rs 371 crore for the same quarter in the previous year. Total income of the company increased by 30.40% at Rs 3376 crore for Q2FY25 as compared to Rs 2589 crore for the corresponding quarter previous year.
