Adani Green Energy net zooms 10-fold to Rs 219 cr in June quarter
Adani Green Energy Ltd (AGEL) has posted nearly 10-fold jump in its consolidated net profit at Rs 219 crore for the June quarter, compared to the year-ago period, mainly on the back of higher revenues.
The consolidated net profit of the firm was Rs 22 crore in the quarter ended June 30, 2020, the company said in a regulatory filing.
Total income rose to Rs 1,079 crore in the quarter under review, from Rs 878 crore in the same period a year ago.
“AGEL’s growth continues to accelerate,” said Gautam Adani, Chairman of the Adani Group.
“In just two years, AGEL has marched to the very forefront of the world’s renewable energy brigade, accelerating the transition to green energy faster than any other company in the world.
