Adani Green’s consolidated net profit more than doubled to ₹256 crore for the quarter ending December 2023. The consolidated net profit last year in the same quarter was at ₹103 crore. The Q3 results also showed that revenue from operations in the third quarter increased 17% to ₹2,311 crore. Last year in the corresponding quarter, the revenue from operations was at ₹1,971 crore.
The renewable energy company posted an EBITDA of ₹1,667 crore which marks an increase of 95% over the previous year period. EBITDA margins for the quarter stood at 72% as per the quarter results.
Revenue from power supply- the mainstay business of the company- jumped 40 per cent year on year to ₹1,765 crore. EBITDA for the segment also rose 40% to ₹1,638 crore as per the results.