Adani Green Energy Q4 net profit rises over 8% to ₹105 crore

Adani Green Energy Ltd (AGEL) on Wednesday reported a rise of over 8% in its consolidated net profit to ₹105 crore in March quarter against a consolidated net profit of ₹97 crore for the quarter ended on March 31, 2020, a BSE filing said.

Total income of the company rose 50.49% to ₹1082 crore in the quarter from ₹719 crore in same period a year ago.

Revenue from Power Supply gained 15% Year-on-Year(YoY) at ₹690 crore in March quarter over ₹601 crore in the same quarter last year was backed by added capacities and consistent solar and wind capacity utilization factor (CUF).

EBITDA from Power Supply rose 15% YoY at Rs. 626 cr in March 2021 quarter against ₹546 crore for the corresponding quarter of previous fiscal owing to improved revenue performance and optimization of operational and maintenance (O&M) cost.