Adani Green Energy Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

Adani Green Energy will hold a meeting of the Board of Directors of the Company on 3 May 2024.

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Adani Green Energy Ltd fell for a fifth straight session today. The stock is quoting at Rs 1814.05, down 0.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 22093.55. The Sensex is at 72723.77, down 0.92%.Adani Green Energy Ltd has eased around 2.99% in last one month.Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has increased around 4.39% in last one month and is currently quoting at 39629.25, down 0.36% on the day. The volume in the stock stood at 2.87 lakh shares today, compared to the daily average of 6.66 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending December 23.

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The increase in sale of solar energy was backed by capacity addition of 2,418 MW.

In Q4 FY24, the solar portfolio's CUF showed consistent high plant availability, with a 10 bps improvement in grid availability and lower solar irradiation.

The sale of energy in wind portfolio surged 43% YoY to 614 million units, on the back of capacity addition of 430 MW. The firm's CUF in this segment improved by 120 bps in Q4 FY24.

The wind portfolio CUF experienced growth due to significant improvements in plant availability of 190 bps and improved in wind speed.

Sale of energy in hybrid portfolio jumped by 32% YoY to 1,777 million units in Q4 FY24, on the back of 110 bps improvement in CUF.

The hybrid portfolio CUF experienced growth due to improvements in plant availability, grid availability, and wind speed.

In FY24, the company's total operational capacity jumped 35% to 10,934 MW with greenfield addition of 2,848 MW and sale of energy increases by 47% to 21,806 million units backed by robust capacity addition.

Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW) including operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.

The company reported consolidated net profit of Rs 256 crore in Q3 FY24, steeply higher than Rs 103 crore posted in Q3 FY23. Total income jumped 18.57% to Rs 2,675 crore in Q3 FY24 as compared with Rs 2,256 crore posted in corresponding quarter last year.

Shares of Adani Green Energy declined 2.69% to Rs 1,833.85 on the BSE.

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Adani Green Energy Ltd is up for a third straight session today. The stock is quoting at Rs 1945.25, up 2.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 22676. The Sensex is at 74771.35, up 0.7%. Adani Green Energy Ltd has gained around 0.77% in last one month.

Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has gained around 0.13% in last one month and is currently quoting at 39451.55, up 1.15% on the day. The volume in the stock stood at 6.51 lakh shares today, compared to the daily average of 9.16 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending December 23.

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