Friday, October 29, 2021

Adani Green Energy Net Profit Rises 6 Times in Q2 | Stock Outlook Now?

    


Adani Green Energy Net Profit Rises 6 Times To ₹ 100 Crore In September Quarter


Adani Green Energy announced its July-September quarter results, reporting a net profit of ₹ 100 crore on a consolidated basis, compared to ₹ 17 crore in the corresponding period last year, marking a growth of 488 per cent - nearly six times year-on-year.

The renewable energy major's revenue from power supply in the second quarter of the current fiscal stood at ₹ 834 crore, compared to ₹ 530 crore in the corresponding period last year, registering a growth of 58 per cent year-on-year, according to a regulatory filing by the firm to the stock exchanges.

The company's total income stood at ₹ 1,411 crore in the September quarter, compared to ₹ 718 crore in the corresponding period last year. The sale of energy (solar and wind) increased 61 per cent to ₹ 1,901 crore in the September quarter, compared to ₹ 1,182 crore in the year-ago period.

Stock Outlook

Still stock is weak in short term and remain sideways with negative nature . In long term still strong and can be hold.



Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


No comments:

Post a Comment