With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was an 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.
Adani Green Energy Q4 standalone net up 108% at ₹135 crore
May 05, 2021
Total standalone revenues down at ₹2,229 crore Adani Green Energy Limited (AGEL) on Wednesday posted standalone net profit of ₹135 crore for the quarter ended March 31, 2021 108 per cent up from ₹65 crore in the corresponding quarter a year ago.
Total standalone revenues stood at ₹2,229 crore for the quarter down from ₹2,992 crore in same quarter last year.
For the financial year ended March 31, 2021, AGEL’s net profit stood at ₹364 crore, up 172 per cent from ₹134 crore in the previous year. The company reported total revenues at ₹2,992 crore (₹1,580 crore).
In a media analyst call, AGEL management informed that total EBITDA was up by 33 per cent to ₹715 crore in fourth quarter of the fiscal, while it jumped by 41 per cent to ₹2,632 crore for the fiscal 2020-21.