27 Jul 2024

Adani Green Energy Sees 95% Surge in Q1 Net Profit

Adani Green Energy's stock is trading at Rs. 1836.45, marking an increase of 15.75 points or 0.87% from its previous close of Rs. 1820.70 on the BSE.

The stock opened at Rs. 1870.05 and fluctuated between a high of Rs. 1900.00 and a low of Rs. 1820.05. So far, 334,429 shares have been exchanged.

With a face value of Rs. 10, this BSE group 'A' stock reached its 52-week high of Rs. 2173.65 on June 3, 2024, and a 52-week low of Rs. 816.00 on October 26, 2023.

In the past week, the stock's high and low were Rs. 1900.00 and Rs. 1679.00, respectively. The company currently boasts a market cap of Rs. 289,909.62 crore.

Promoters hold a 57.52% stake in the company, while institutions and non-institutions hold 18.38% and 24.11%, respectively.

Adani Green Energy reported a net loss of Rs. 89 crore for the first quarter ending June 30, 2024 (Q1FY25), compared to a net loss of Rs. 205 crore in the same quarter the previous year. The company’s total income soared by 341.38% to Rs. 3,637 crore for Q1FY25, up from Rs. 824 crore in the same quarter last year.

On a consolidated basis, the company recorded a 94.74% increase in net profit, reaching Rs. 629 crore for the quarter ending June 30, 2024, compared to Rs. 323 crore in the previous year. Total income rose by 22.43% to Rs. 3,122 crore for Q1FY25, up from Rs. 2,550 crore in the corresponding quarter last year.