Following the release of earnings, shares of Adani Green Energy increase by almost 3%


Tuesday saw a roughly 3% increase in Adani Green Energy stock as the business reported a four-fold increase in its consolidated net profit for the three months ending in March.

On the BSE, the stock finished 2.47 percent higher at Rs 974.10. It increased by 4.99 percent during the day to Rs 998.10.

It increased 2.73 percent to Rs 977 on the NSE.

The market value of the firm increased by Rs 3,722.48 crore to Rs 1,54,300.60 crore.

3.10 lakh shares of the firm were traded on the BSE and approximately 33.23 lakh shares were exchanged on the NSE during the transaction, both in terms of traded volume.

In comparison to the same period last year, Adani Green Energy reported a four-fold increase in its consolidated net profit to Rs 507 crore on Monday. This was primarily due to higher revenues.

According to a BSE report, the company's combined net profit for the three months ending March 31, 2022, was Rs 121 crore.

From Rs 1,587 crore in the same time a year before, the company's total revenue increased to Rs 2,988 crore in the quarter.

Due to Maharashtra Day, equity markets were closed on Monday.


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