Adani Green Q3 Results: Profit more than doubles to Rs 103 crore YoY

Adani Green Energy Ltd. reported Q3 Results on February 07, 2023. The company reported a Net Profit jumped to 103 crores, soaring 110% YoY.

Adani Green Energy Ltd. reported a Consolidated Revenue from Operations of Rs.1,973 crores in Q3 of FY23 up 40.92% YoY. It was Rs.1,400 crores in the same quarter of the FY22.

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Adani Green Energy reported a Revenue from power supply increased 29% to Rs 1,260 crore against Rs 973 crore in the same quarter last year.

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Adani Green Energy reported a Revenue from sales of goods and related services rose 47% YoY to Rs 699 crore.

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Adani Green Energy Ltd. reported a consolidated Net Profit that more than doubled to Rs 103 crore for the December quarter, rising 110%, compared with Rs 49 crore in the last year period.

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Adani Green has signed PPAs for 450 MW wind and 50 MW solar projects with SECI in the third quarter of the current fiscal and Jan 2023 respectively, further strengthening the pipeline.

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The company has commissioned 1,915 MW renewable projects in the April-December period of FY23, which includes 1,440 MW solar-wind Hybrid plants in Rajasthan.

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Adani Green Energy Ltd. has commissioned 325 MW wind power plant, the largest in Madhya Pradesh.

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