Adani Green Energy Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,


Highlights of the Result

· Revenue from Operations was at ₹ 1,984 Cr · Net profit for Q1 FY’24 stood at ₹ 371 Cr · The company’s total income increased by 53.7% YoY to ₹2,589

Performance Highlights

· Revenue from Operations grew 79.55% YoY · Profit after tax (PAT) saw an increment of 148.99% YoY · In terms of energy sales, the company reported an 87% increase YoY

Key Announcements

The company is aiming to create the largest renewable energy cluster globally in Khavda, Gujarat. AGEL announced it would install the most advanced tunnel and the country’s largest and most efficient 5.2 MW wind turbines at Khavda.

H1 FY24 Performance Highlights

· Adani Green Energy’s revenue from operations surged 66% YoY to ₹4,029 Cr from ₹2,432 during Q2 FY23 · The company’s EBITDA rose 58% YoY to ₹3,775 Cr · Company clocked an industry-leading EBITDA margin of 92.2% during H1 FY’24