OIL & GAS

Adani Green Energy Q2 Results: Profit plunges over 82 per cent to Rs 17.57 crore

Adani Green Energy on Wednesday reported over 82 per cent decline in its consolidated net profit to Rs 17.57 crore in September quarter mainly due to higher expenses. The consolidated net profit of the company was Rs 102.29 crore in the quarter ended on September 30, 2019, a BSE filing said.

Total income of the company rose to Rs 718.14 crore in the quarter from Rs 711.96 crore in same period a year ago.

It said that the impact of COVID-10 outbreak on the business and financial position of the group is not significant and the management will continue to closely monitor the performance of the group.

The group’s activities revolve around renewable power generation and other ancillary activities.

Source
ET energy World
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