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Adani Green Energy Q2 Results: Cash Profit increases 50% to Rs 401 crore


Mumbai: Adani Green Energy posted a 50% improve in money revenue at Rs 401 crore in the course of the July-September quarter, up from Rs 401 crore within the corresponding earlier interval, the corporate mentioned in a regulatory submitting.

Income from energy provide was up 33% at Rs 1107 crore towards Rs 834 crore within the July-September quarter of final fiscal.

“The expansion in revenues is pushed by greenfield commissioning of 1,315 MW and integration of SB Power’s working portfolio of 1,700 MW,” the corporate mentioned in a press assertion.

“With our give attention to delivering the most cost effective inexperienced electron, we now have continued to deploy the newest and most modern applied sciences to maximise electrical energy technology at a decrease price” mentioned Vneet S. Jaain, MD & CEO,

.

The corporate added that photo voltaic CUF (capability utilisation issue) and sale of vitality has improved with integration of high-quality SB Power portfolio having a CUF of 26.3% in H1 FY23.

It added that the discount in general wind portfolio CUF and sale of vitality is primarily as a result of one-off disruption in transmission line (pressure majeure) for 150 MW plant in Gujarat.

“The affect of this occasion in Q2 FY23 is predicted to be 0.4% of the anticipated annual technology of the general operational capability. Excluding the aforesaid 150 MW plant, the Wind portfolio CUF stands at a robust 41.0% in H1 FY23,” the corporate mentioned.

Adani Inexperienced Power’s scrip ended at Rs 2172.85, up 1.90% on the BSE Thursday.



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