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“Adani Green Energy Ltd’s Q4 Performance: A Closer Look at Profit Decline and Expense Surge”

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“Adani Green Energy Ltd’s Q4 Performance: A Closer Look at Profit Decline and Expense Surge”

Adani Green Energy Ltd recorded a 38.85% decrease in its consolidated net profit for the March quarter, amounting to Rs 310 crore. The decline was primarily due to…

Adani Green Energy Ltd recorded a 38.85% decrease in its consolidated net profit for the March quarter, amounting to Rs 310 crore. The decline was primarily due to increased expenses. In the same period of the previous year (2022-23), the net profit was Rs 507 crore, according to an exchange filing by the company. During the fourth quarter of FY24, the total income of the company fell to Rs 2,806 crore from Rs 2,977 crore a year ago. The company’s expenses also increased to Rs 2,379 crore during the period under review, as compared to Rs 2,053 crore in the year-ago period.

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