Shares of Adani Green Energy were locked in the 5-per cent upper circuit, at Rs 998, on the BSE in Tuesday’s intra-day deal after the Adani group company’s net profit zoomed 142 per cent on year in the March quarter of FY23 (Q4FY23). By comparison, the benchmark S&P BSE Sensex was up 0.42 per cent at 9:20 AM.
The renewable power major, on Monday, reported a 142 per cent rise in net profit to Rs 1,365 crore in Q4FY23 on a YoY basis. Its revenues were up by 89 per cent to Rs 2,130 crore in the same quarter.
The company said its sale of energy has increased by 58 per cent to 14,880 million units in FY23 mainly due to strong capacity addition,
