You are here: Home » Companies » Results
Voltas net profit falls 10.5% to Rs 109 cr; revenue up 55% to Rs 2,768 cr
BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit
Business Standard

Adani Green Energy net profit falls 2% to Rs 214 crore in June quarter

Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses

Topics
Adani Green Energy | Q1 results

Press Trust of India  |  New Delhi 



Adani Green Energy

Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses.

The consolidated net profit of the company in the year-ago period was at Rs 219 crore, according to a regulatory filing.

The company's total income rose to Rs 1,701 crore in the first quarter of the current fiscal. It was at Rs 1,079 crore in the same period last year.

The expenses stood at Rs 1,425 crore during the quarter under review compared to Rs 898 crore in the preceding fiscal.

In a separate statement, Vneet S Jaain, MD & CEO, AGEL, said: "With deployment of latest technologies and analytics driven O&M, AGEL's solar and wind portfolio performance has continued to improve. We are further proud of our teams that have enabled commissioning of India's first solar-wind hybrid capacity of 390 MW at Jaisalmer, Rajasthan with more such projects in pipeline."

During the April-June quarter, the company said its operational solar capacity increased 58 per cent to 4,763 megawatt (MW) from 3,023 58 MW in same quarter of FY22.

Operational wind energy capacity grew by 30 per cent to 647 MW as compared to 497 MW a year ago.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, August 02 2022. 21:32 IST

RECOMMENDED FOR YOU

.