Adani Green Q4 results: Net profit down 39% at Rs 310 crore

Adani Green Energy's net profit in Q4FY24 fell 70.47% YoY to Rs. 150 crore from Rs. 508 crore in Q4FY23.

Adani Green Q4 results: Net profit down 39% at Rs 310 crore

Adani Green has reported its Q4 results, revealing a decline in net profit by 70% to Rs 150 crore from Rs 508 crore in the same period last year. Revenue also experienced a marginal decline of 2%, amounting to Rs 2,527 crore compared to Rs 2,587 crore year-on-year.

The company's EBITDA witnessed a notable decrease of 18% to Rs 1,851 crore from Rs 2,264 crore in the corresponding period last year. Additionally, the company saw a reduction in its margin, standing at 73.2% compared to 87.5% in the previous year.

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Net profit of Adani Green Energy declined 70.47% to Rs150.00 crore in the quarter ended March 2024 as against Rs 508.00 crore during the previous quarter ended March 2023.

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In the fiscal year ending in March 2024, the net profit increased by 12.94% to Rs. 1100.00 crore as compared to Rs. 974.00 crore in the previous fiscal year ending in March 2023. Additionally, sales increased by 19.63% to Rs. 9063.00 crore in the fiscal year ending in March 2024 as compared to Rs. 7576.00 crore in the previous fiscal year ending in March 2023.

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