- Adani Green’s net income for the second quarter is 5.15 billion rupees, marking a 38% increase compared to the previous year.
- Total income has risen to 33.8 billion rupees, showing a 31% year-on-year growth.
- Total costs are reported at 28.4 billion rupees, an increase of 31% from the previous year.
- EBITDA from power supply stands at 21.4 billion rupees, up 17% year-on-year.
- EBITDA margin from power supply slightly improved to 91.7% compared to 91.3% last year.
- The company attributes its strong revenue, EBITDA, and cash profit growth to the addition of 2,868 MW in greenfield capacity and consistent plant performance.
- CEO Amit Singh states that Adani Green is on track to reach its 2030 renewable energy capacity target of 50 GW, including at least 5 GW in energy storage.
- Investment consensus reflects 3 buy recommendations, 0 holds, and 1 sell recommendation.
A look at Adani Green Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
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, appears to have a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a strong emphasis on Growth and Momentum, the company is positioned to capitalize on the increasing demand for clean energy solutions. Adani Green Energy‘s strategic focus on expanding its renewable energy portfolio indicates a positive trajectory for future growth opportunities.
Although the company’s scores in Value, Dividend, and Resilience are not as high as Growth and Momentum, Adani Green Energy‘s proactive approach towards enhancing its operational efficiency and market presence aligns well with the sustainability trends in the energy sector. Overall, the combination of these factors suggests a favorable outlook for Adani Green Energy, reinforcing its position as a leading global provider of renewable energy solutions.
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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