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

Adani Green Q4 results: EBITDA witnessed a notable decrease of 18% to ₹1,851 crore from ₹2,264 crore in the corresponding period last year.

Updated on: May 03, 2024 03:11 PM IST
By HT News Desk
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Adani Green Q4 results: Adani Green reported decline in net profit by 70% to ₹150 crore compared to ₹508 crore in the same period last year. In the same period, revenue experienced a marginal decline of 2%, amounting to ₹2,527 crore compared to ₹2,587 crore year-on-year, the company said.

Read more: MRF Q4 results: Net profit drops 7.6% YoY to ₹379.6 crore; dividend declared

Adani Green Q4 results: The company also saw a reduction in its margin- standing at 73.2% compared to 87.5% in the previous year. (Reuters)
Adani Green Q4 results: The company also saw a reduction in its margin- standing at 73.2% compared to 87.5% in the previous year. (Reuters)

EBITDA witnessed a notable decrease of 18% to ₹1,851 crore from ₹2,264 crore in the corresponding period last year while the company also saw a reduction in its margin- standing at 73.2% compared to 87.5% in the previous year.

Adani Green Q4 results: Main points

  1. Sales decline 3.29% to ₹2498.00 crore Read more: Ajanta Pharma share price soars over 13.5% to new all-time high
  2. Net profit of Adani Green Energy declined 70.47% to ₹150.00 crore in the quarter ended March 2024 as against ₹508.00 crore during the previous quarter ended March 2023
  3. Sales declined 3.29% to ₹2498.00 crore in the quarter ended March 2024 as against ₹2583.00 crore during the previous quarter ended March 2023. Read more: Nifty drops nearly 1%, India VIX jumps 12%: Why is Indian stock market volatile today
  4. For the full year, net profit rose 12.94% to ₹1100.00 crore in the year ended March 2024 as against ₹974.00 crore during the previous year ended March 2023
  5. Sales rose 19.63% to ₹9063.00 crore in the year ended March 2024 as against ₹7576.00 crore during the previous year ended March 2023.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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