Adani Green Energy shares rise 4% after Q1 profit zooms 51% YoY

Adani Green Energy shares rose nearly 4% to Rs 1,132 in Tuesday’s trade on BSE after the firm’s consolidated net profit rose 51% year-on-year (YoY) to Rs 323 crore for the quarter ended June 2023. It was Rs 214 crore in the last year quarter.

Its revenue from operations jumped 33% to Rs 2,176 crore for the April-June period, compared with Rs 1,635 crore in the corresponding period of last year.