Adani Green Energy Q3 results: Company back in black, reports net profit of Rs 128 crore
MUMBAI: Adani Green Energy Limited (AGEL) saw a net profit of Rs. 41.36 crore in the third quarter of 2020-21, against a loss of Rs. 128.5 crore in Q3 of last year, on the back of increased solar capacity and generation, and the parent group’s partnership with French energy giant Total.
AGEL’s total revenue increased to Rs 843 crore, up 63% from Rs. 523 crore from the corresponding quarter in the previous financial year. Total EBITDA also surged 74% year-on-year to Rs. 638 crore, from Rs. 367 crore.
