ADANI GREEN ENERGY Q3 NET PROFIT SWELLS 148% AT RS 256 CRORE
- NEWS Desk Global
- Jan 29, 2024
- 1 min read
Adani Green Energy Limited, the renewable energy arm of ports to power conglomerate, Adani Group, on Monday posted a 148% rise in its consolidated net profit for the third quarter of FY 2024. Backed by improved capacity utilisation factor (CUF) and capacity additions, the company posted a robust growth in revenue, EBITDA and cash profit.
The company’s consolidated net profit stood at Rs 256 crore during the quarter as compared to Rs 103 crore in the corresponding quarter of FY 2023. AGEL revenue from operations in the third quarter increased 17% to Rs 2,311 crore, compared with Rs 1,971 crore in the corresponding quarter of last year.
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