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Adani Green Energy reports 49% rise in Q2 consolidated net profit

11 Nov 2022 Evaluate

Adani Green Energy reported results for second quarter ended September 30, 2022.

The company has reported net loss of Rs 93 crore for Q2FY23 as compared to net profit of Rs 101 crore for the corresponding quarter previous year. Total income of the company decreased by 38.68% to Rs 3,042 crore for the quarter under review as compared to Rs 4,961 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 49% in its net profit of Rs 149 crore for the quarter under review as compared to Rs 100 crore for the same quarter in the previous year. Total income of the company increased by 19.49% to Rs 1,686 crore for the quarter under review as compared to Rs 1,411 crore for the same quarter in the previous year.

Peers
Company Name CMP
NTPC 328.10
Tata Power 362.00
Adani Power 203.35
Power Grid Corpn. 264.55
Adani Energy Solut. 1353.00
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