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Adani Green Energy Ltd. reported its December quarter results on Friday, January 23, that were higher on a year-on-year basis.
Revenue for the quarter grew by 30% to ₹2,201 crore from ₹1,697 crore earlier.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹1,824 crore, a growth of 47.5% from last year's figure of ₹1,237 crore.
EBITDA margin expanded by 10 percentage points to 82.9% from 72.9% last year.
Shares of Adani Green Energy are trading 12.1% lower on Friday at ₹791.7. The stock is down 33% from its 52-week high of ₹1,177.
Adani Group stocks have declined up to 12% in today's session, following a Bloomberg report of the US Securities and Exchange Commission asking a district judge to let it use alternative measures to ensure that both Gautam and Sagar Adani are made aware of the legal action against them.
Revenue for the quarter grew by 30% to ₹2,201 crore from ₹1,697 crore earlier.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹1,824 crore, a growth of 47.5% from last year's figure of ₹1,237 crore.
EBITDA margin expanded by 10 percentage points to 82.9% from 72.9% last year.
Shares of Adani Green Energy are trading 12.1% lower on Friday at ₹791.7. The stock is down 33% from its 52-week high of ₹1,177.
Adani Group stocks have declined up to 12% in today's session, following a Bloomberg report of the US Securities and Exchange Commission asking a district judge to let it use alternative measures to ensure that both Gautam and Sagar Adani are made aware of the legal action against them.
