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Adani Green Q2: profit ₹747 crore, down 24% from last quarter; shares fall for 5th day
Profit rose 16% from a year ago, but lower grid availability and slower capacity additions hurt the quarter.
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Adani Green Energy reported a consolidated net profit of ₹747 crore for July–September, down 24% from ₹983 crore in the previous quarter but up 16% from a year earlier, Business Standard reported. Revenue from operations was ₹4,019 crore, 6% lower than last quarter and 45% higher than a year ago.
QoQ means 'quarter on quarter', compared with the three months just before; YoY means 'year on year', compared with the same quarter last year. Both matter: YoY shows the long-term trend, QoQ shows recent momentum. The company added 621 MW of capacity in the quarter, less than in recent quarters, and lower grid availability was linked to delayed transmission lines. Net debt stood at about ₹1.03 lakh crore.
The shares fell as much as 3.7% to ₹1,210.70 and were down 1.22% at ₹1,243.10 at 12:11 pm, a fifth straight fall and about 8% over five sessions.
Key takeaway: strong yearly growth but a weaker quarter; transmission delays and debt are the things to watch for Adani Green.
Adani Green is one of India's largest renewable-energy companies, so delays in grid connections matter for the country's clean-energy targets and for other power stocks.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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