Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
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Shares of Adani Green dipped 4% to Rs 1,211 on the BSE on Thursday after the company reported a 15% year-on-year (YoY) growth in its consolidated net profit at Rs 673 crore in the second quarter. The same stood at Rs 583 crore in the same quarter of last year. Revenue from operations increased 39% YoY to Rs 4,520 crore.Segment-wise, revenue from power supply, the company's main business, increased 45% YoY to Rs 4,019 crore from Rs 2,776 crore, driven by the commissioning of new solar, wind and …
