Adani Green:Q1 results Profit increases 51% at Rs 323 Crore; Revenue increase 33%
In comparison to the same quarter last year, Adani Green’s revenue from operations increased 33 percent YoY to Rs 2,176 crore during the quarter. The other revenue for the renewable energy company totaled Rs 228 crore, up from Rs 66 crore in the same period last year. Adani Green Energy, a subsidiary of the Adani Group, announced a consolidated profit for the April to June quarter of Rs 323 crore, up 51% year over year (YoY). In the same quarter of the prior fiscal year, the bottom line reported a profit of Rs 214 crore. In comparison to the same quarter last year, Adani Green’s revenue from operations increased 33 percent YoY to Rs 2,176 crore during the quarter. The other revenue for the renewable energy company totaled Rs 228 crore, up from Rs 66 crore in the same period last year. Operating profit for the company, or Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), was Rs 2,081 crore, up from Rs 948 crore year over year, with margins of 95.6 percent as opposed to 58 percent. The cash profit for Adani Green increased by 55% year over year to Rs 1,051 crore. The 2,516 MW increase in capacity over the past year is principally responsible for the significant improvement in revenue, EBITDA, and cash profit. According to AGEL, its best-in-class O&M procedures enable it to deliver increased electricity output at lower O&M costs, which is what drives the company’s continual industry-leading EBITDA margin. देखिये शरद पवार और प्रधानमंत्री मोदी मंच साझा करते…