Adani Green Energy profit up 149% to Rs 371 cr, revenue up 80%
The Business Guardian|October 31, 2023
Adani Green Energy has reported a 150 percent high year-on-year (YoY) growth in its consolidated net profit to ₹372 crore in Q2FY24, as compared to ₹149 crores in the year-ago period and the total income jumped 53.7 percent to ₹2,589 crores
Adani Green Energy profit up 149% to Rs 371 cr, revenue up 80%

In Q2 FY24, from ₹1,684 crore in the corresponding quarter of FY23, as per the company’s financial results for the quarter and half year ending 30 September 2023 announced on Monday. Operationally, EBITDA rose 58 percent yoy to ₹3,775 crore, while run-rate EBITDA stood at 7,645 crore. For  H1 FY24, the company continued a robust growth in revenue and EBITDA with 66 percent yoy rise in revenue to Rs. 4,029 crore while   EBITDA  was up by 58 percent yoy to Rs. 3,775 crore and cash profit increased by 63 percent yoy to Rs 2,082 crore. The sale of energy also increases by 78 percent yoy to 11,760 mn units. The company statement attributed the robust growth in revenue, EBITDA and cash profit as primarily driven by capacity addition of 1,592 MW over the last one year and improved CUF.

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