Adani Green Energy Q4 net profit declines 39% to Rs310 crore

Total income fell to Rs2,806 crore from Rs2,977 crore a year ago

New Delhi: Adani Green Energy Ltd on Friday posted a 38.85 per cent decline in consolidated net profit to Rs310 crore for the March quarter, mainly on account of increased expenses.

Its net profit was Rs507 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing.

During the fourth quarter of FY24, the company’s total income fell to Rs2,806 crore from Rs2,977 crore a year ago.

The company’s expenses surged to Rs2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period.