Adani Green Q1 results show revenue fell from 2988 crores to 2404 crores, a -19.54% decrease in growth. EPS down from ₹3.02 to ₹1.85, down by -38.74%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Adani Green shared its Q1 results on Monday. They earned 2404 crores in revenue this quarter, but that’s less than the 2988 crores they made last quarter. Unfortunately, the company’s growth decreased by -19.54 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 322 crores, down from 508 crores in the previous quarter. Their quarter-to-quarter growth decreased by -36.61 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹1.85, which is a decrease of -38.74% from the ₹3.02 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 2404 crores this year (2023), which is 41.33 percent higher than last year’s total revenue of 1701 crores.
This year’s PAT (Profit After Tax) is 322 crores, which is also 41.33% higher than last year’s PAT of 214 crores.
The EPS (Earnings Per Share) for this year is ₹1.85, which is 56.78% more than the EPS of ₹1.18 earned last year.
Adani Green Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Adani Green:
Adani Green Energy Limited, headquartered in Ahmedabad, Gujarat, is an Indian renewable energy firm that belongs to the Adani Group, a prominent Indian conglomerate. The company is renowned for managing the Kamuthi Solar Power Project, one of the most extensive solar photovoltaic plants globally.
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