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NSEI:ADANIGREEN
Adani Green Energy (NSE:ADANIGREEN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
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May 12, 2021
Adani Green Energy Limited s (NSE:ADANIGREEN) robust earnings report didn t manage to move the market for its stock. We did some digging, and we found some concerning factors in the details. A Closer Look At Adani Green Energy s Earnings Many investors haven t heard of the
accrual ratio from cashflow, but it is actually a useful measure of how well a company s profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company s profit is not backed by free cashflow.
Adani Green Energy March-qtr net up 86% to Rs 104 crore freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
AGEL s total income for FY21 up by 34 pc to Rs 3,520 crore ANI | Updated: May 05, 2021 22:26 IST
Ahmedabad (Gujarat) [India], May 5 (ANI): Adani Green Energy Ltd (AGEL) total income rose to Rs 1082 crore in the March quarter from Rs 719 crore in the corresponding period a year ago.
A company release said it added 925 MW operational capacity in FY21 despite COVID-19 pandemic. AGEL has been declared L1 bidder for 13,550 MW new renewable projects in FY21.
It s total income for FY21 rose by 34 per cent YoY at Rs 3,520 crore from Rs 2629 crore earlier. Sale of energy for FY21 was up by 25 per cent YoY at 5,482 million units.
Adani Green Energy on Wednesday posted a nearly 86 per cent rise in consolidated net profit to Rs 104 crore for the quarter ended March 2021, mainly due to higher revenues. The consolidated net profit of the company stood at Rs 56 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Total income of the company rose to Rs 1,082 crore in the quarter from Rs 719 crore in the year-ago period. For 2020-21, the company posted a consolidated net profit of Rs 182 crore, as against a loss of Rs 68 crore in 2019-20. Total income of the firm in 2020-21 also rose to Rs 3,520 crore from Rs 2,629 crore earlier.
Adani Green Energy Ltd Q4FY21 consolidated net profit at Rs 105 crore equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.