Earnings Alerts

Adani Green Energy (ADANIGR) Earnings Surge: 1Q Net Income Climbs 39% Y/Y to 4.46B Rupees

  • Net Income Soars: Adani Green’s net income reached 4.46 billion rupees in the first quarter of 2024, marking a 39% increase compared to the previous year.
  • Strong Revenue Growth: The company’s total income increased by 22% year-over-year, reaching 31.2 billion rupees.
  • Rising Costs: Total costs for Adani Green went up by 17% year-over-year to 24.5 billion rupees.
  • Power Supply EBITDA: EBITDA from power supply grew by 22% to 23.7 billion rupees.
  • Stable EBITDA Margin: The EBITDA margin from power supply was marginally up to 92.6%, compared to 92.5% a year ago.
  • Market Reaction: Shares of Adani Green rose by 4.7%, reaching 1,796 rupees with 841,461 shares traded on the market.
  • Stock Recommendations: There is currently 1 sell recommendation, with no buy or hold ratings.

Adani Green Energy on Smartkarma

Analyst coverage of Adani Green Energy on Smartkarma, an independent investment research network, has been positive according to Leonard Law, CFA. In his Morning Views reports on the company, he offers fundamental credit analysis, opinions, and trade recommendations focused on high yield issuers in the region. Law’s insights provide detailed information on Adani Green Energy‘s key company-specific developments, market commentary, and macroeconomic events, shaping a bullish sentiment towards the company.

On the other hand, a report by Leonard Law, CFA, also highlights a bearish stance on Adani Green Energy along with Greenko Energy Holdings and Tata Motors ADR. Despite the mixed sentiment in the reports, the analysis offers investors valuable insights into the high yield issuers, providing a comprehensive view of the market dynamics and opportunities in the sector.


A look at Adani Green Energy Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum2
OVERALL SMART SCORE2.4

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 Limited, a key player in the renewable energy sector, boasts a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a top-notch Growth score of 5 out of 5, the company shows significant potential for expansion and development in the coming years. This indicates a strong trajectory for Adani Green Energy in increasing its market presence and profitability.

While the company may not stand out in terms of Value, Dividend, Resilience, or Momentum, its stellar Growth score suggests a bright future ahead. As a producer of renewable energy, Adani Green Energy is well-positioned to capitalize on the growing global demand for sustainable energy solutions. With its focus on building and operating solar and wind power plants, Adani Green Energy is poised to make a meaningful impact on the renewable energy landscape both in India and internationally.


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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