Archive · 22 Jul 2026
Adani Green Energy Q1 Earnings: Profit Rises 19%
Adani Green Energy, a company in the Adani Group, recently announced its earnings for the first quarter of 2024.
The company made a lot more money compared to the same time last year.
Their net profit went up by 19%, and their revenue from operations increased by 11.9%.
This means they sold more of their services and made more money from them.
However, even though the company did well financially, the stock price went down by 4.48%.
This might be because some investors were worried about other things.
The company's market value is now Rs 2.42 lakh crore.
Adani Green Energy reported a 19% rise in net profit to Rs 983 crore in Q1 2024.
Revenue from operations increased by 11.9% to Rs 4,280 crore in Q1 2024.
EBITDA rose by 31% to Rs 3,985 crore, with a margin of 90%.
Earnings per share (EPS) increased to Rs 5.05 in Q1 2024.
The stock price dropped by 4.48% to close at Rs 1472.85.
- Who
- Adani Green Energy
- What
- Reported Q1 earnings with a 19% rise in net profit
- When
- Q1 2024
- Where
- India
- Why
- To inform investors and stakeholders about the company's financial performance
Investor Concerns
Company Performance
Stock Performance
Investor Concerns
Investors are concerned about the stock's 4.48% drop despite strong earnings.
Company Performance
The company reported a 19% rise in net profit and significant growth in revenue and EBITDA.
- Net Profit
- Rs 983 crore (Q1 2024)
- Revenue from Operations
- Rs 4,280 crore (Q1 2024)
- EBITDA
- Rs 3,985 crore (Q1 2024)
- EBITDA Margin
- 90% (Q1 2024)
- Earnings per Share (EPS)
- Rs 5.05 (Q1 2024)
- Stock Price
- Rs 1472.85 (Closing Price)
- Market Capitalization
- Rs 2.42 lakh crore