ADANI GREEN
Adani Green Energy Limited (AGEL) is one of the largest regenerative companies in India, with a current project portfolio of 13,990 MW. AGEL is part of Adani Group’s commitment to providing a better, cleaner and bluer future in India. Driven by the Group’s ‘Growth Right’ philosophy, the Company develops, builds, owns, operates and maintains grid-connected farm projects. The electricity generated is supplied by intergovernmental organizations and state-owned companies.
Adani Green is a part of the prestigious Adani Group which provides a strong brand image .The company showed growth in Quarterly Net Profit with increasing Profit Margin (YoY) and decreasing Promoter pledge. Also, the company achieved the highest recovery from 52 Week Low and showed an improvement in the net profits, operating profit margin and revenues in the most recent quarter. The company has taken CSR initiatives in primary health care, primary education, sustainable livelihood development. The company has also formalised regulations in terms of code of conduct, insider trading policy, BRR policy, CSR policy.
In late 2019, AGEL became the first Indian company to offer investment-grade US dollar green Bonds worth US$362.5 million to foreign investors. The bonds got listed on Singapore Exchange Securities Trading Limited (SGX- ST) on October 15, 2019, and they will mature on the same date in 2039. In May 2020, AGEL won the world’s largest solar bid worth $6 billion by the Solar Energy Corporation of India (SECI). The bid entails AGEL building an 8000 MW photovoltaic power plant.
The Board hasn’t declared any dividend for the financial year ending March 2021. Meanwhile, Adani Green showed a growth of 28% in revenue from operations of Rs. 1082 crores in Q4FY21 compared to Q3FY21 which is at Rs. 842.915 crores and net profit raise to Rs. 104 crores for Q4FY21 compared to a Net profit of Rs. 41.361 crores in Q3FY21. The company also reported EPS of Rs.0.48 for the period ended March 31, 2021, as compared to Rs.0.12 for the period ended December 31, 2020.
The Q4 results of Adani Green were to one’s liking.
