Adani Green’s consolidated net profit more than doubled to 256 crore for the quarter ending December 2023. The consolidated net profit last year in the same quarter was at 103 crore. The Q3 results also showed that revenue from operations in the third quarter increased 17% to 2,311 crore. Last year in the corresponding quarter, the revenue from operations was at 1,971 crore.

Adani Green Energy Q3 results: Adani Green Energy logo is seen. (Reuters)

The renewable energy company posted an EBITDA of 1,667 crore which marks an increase of 95% over the previous year period. EBITDA margins for the quarter stood at 72% as per the quarter results.

Revenue from power supply- the mainstay business of the company- jumped 40 per cent year on year to 1,765 crore. EBITDA for the segment also rose 40% to 1,638 crore as per the results.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *