New Delhi: Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in Q3 consolidated net profit to Rs 474 crore on back of higher revenues from power supply.
AGEL had logged a net profit of Rs 256 crore in the year-ago period, according to a BSE filing. Revenue from power supply rose to Rs 1,993 crore in the quarter from Rs 1,765 crore in the same period year ago.
Operational capacity of the company increased by 37 per cent YoY to 11,609 MW with new addition of 3,131 MW power plants.
“Our updated strategy now includes largescale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters,” CEO Amit Singh said.