Adani Green Energy Surges with 31% Profit Boost
Adani Green Energy Ltd shares increased over 3% following a 31% rise in consolidated net profit for the June quarter. The company reported a net profit of Rs 824 crore and a total income of Rs 4,006 crore, with significant revenue contributions from power supply and sale of goods.
- Country:
- India
On Monday, shares of Adani Green Energy Ltd experienced a notable rise, climbing over 3%, as the company reported a 31% increase in consolidated net profit for the June quarter.
The stock closed at Rs 1,004.55 on the BSE after hitting a high of Rs 1,013.65, while the NSE saw a similar upward trend.
This profit surge, reaching Rs 824 crore, was predominantly driven by growth in the company's core businesses, marking a substantial improvement from last year's Rs 629 crore. Total income also climbed to Rs 4,006 crore, fueled by significant revenue from power supply and equipment sales.
(With inputs from agencies.)
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