Earnings Alerts

Adani Green Energy 4Q Earnings Report: Net Income Down by 70% Y/Y Amidst SEBI Notice

• Adani Green’s 4Q net income dropped drastically to 1.5 billion rupees, a 70% decrease compared to last year’s 5.08 billion rupees.

• The total income for the quarter also declined by 5.7% y/y to 28.1 billion rupees.

• In the same time frame, total costs increased by 16% y/y, amounting to 23.8 billion rupees.

• Ebitda from power supply was down 8.1% y/y to 18.1 billion rupees.

• The Ebitda margin from power supply remained almost unchanged at 91.3%, compared to 91.4% y/y.

• The company received a Show Cause Notice from SEBI during the 4th quarter.

• The SEBI notice relates to the validity of a Peer Review Certificate from one of the company’s joint auditors in previous financial years.

• During the quarter, 2 GW of a total 30 GW under construction project was deployed at Khavda, Gujarat.

• The company’s CEO, Amit Singh, revealed plans to commission at least 5 GW of hydro pumped storage projects by 2030.

• The company has raised their renewable energy target for 2030 to 50GW, up from the previous goal of 45GW.

• The shares of the company are currently rated as 0 buys, 0 holds, and 1 sell.


Adani Green Energy on Smartkarma

Analyst coverage of Adani Green Energy on Smartkarma, an independent investment research network, has been positive overall. Leonard Law, CFA, has provided several Morning Views reports on Adani Green Energy with a bullish sentiment. These reports include fundamental credit analysis, opinions, and trade recommendations based on recent company-specific developments. The insights cover key market indicators, macroeconomic factors, and corporate event calendars related to Adani Green Energy.

While the coverage from Leonard Law, CFA, has been largely bullish, there was one report with a bearish sentiment on Adani Green Energy, Greenko Energy Holdings, and Tata Motors ADR. Despite this, the majority of the analyst reports on Smartkarma have shown a positive lean towards Adani Green Energy, indicating confidence in the company’s prospects and performance in the high yield issuers’ market.


A look at Adani Green Energy Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Adani Green Energy, a producer of renewable energy, has been given a high Smartkarma Smart Score for Growth, indicating a positive long-term outlook in this aspect. This suggests that the company is well-positioned for future expansion and development within the renewable energy sector. Despite lower scores in Value and Dividend, the strong momentum score further supports the company’s growth prospects.

With a focus on building, owning, and operating solar and wind power plants, Adani Green Energy is set to continue serving customers globally with its sustainable energy solutions. While facing some challenges in terms of value and resilience, the company’s overall outlook remains promising based on its high Growth and Momentum scores, aligning well with its core business of renewable energy production.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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