Adani Green Energy on Tuesday hit the upper limit circuit in the early trade, after the company reported a four-fold rise in its consolidated net profit to Rs 507 crore. The Adani group stock touched Rs 998.10 on BSE, up 5 per cent soon after opening.
By 12.45 pm, the stock was off its peak but was still trading 3.30 per cent higher at Rs 982 on the BSE.
Adani Green on Monday night announced its March quarter results and said its revenue jumped four-fold on a yearly basis on the back of higher revenues. The company’s net profit in the last financial year nearly doubled to Rs 973 crore, as compared to Rs 489 crore in FY22.
