Adani Energy Solutions Q4 Results Live : profit falls by 5.77% YOY
Adani Energy Solutions Q4 Results Live : Revenue increased by 40.18% YoY & profit decreased by 5.77% YoY
Adani Energy Solutions Q4 Results Live : Adani Energy Solutions announced their Q4 results on 30 Apr, 2024, revealing a 40.18% increase in revenue but a 5.77% decrease in profit compared to the previous year.
Quarterly comparison shows a 3.16% growth in revenue and an 11.81% rise in profit.
The company managed to reduce Selling, general & administrative expenses by 30.84% sequentially and 41.18% year-on-year.
Operating income saw a 13.88% increase quarter-on-quarter and a marginal 0.06% increase year-on-year.
The Earnings Per Share (EPS) for Q4 stood at ₹3.24, marking a 13.68% decrease from the previous year.
In terms of market performance, Adani Energy Solutions delivered returns of 1.44% in the last week, 38.37% in the last 6 months, and 1.86% year-to-date.
The company currently holds a market cap of ₹118822.3 Cr with a 52-week high/low of ₹1250 & ₹686 respectively.
Analysts covering the company have given a Strong Buy rating, with a consensus recommendation as of 03 May, 2024.
Adani Energy Solutions Financials
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4706.85 | 4562.73 | +3.16% | 3357.66 | +40.18% |
| Selling/ General/ Admin Expenses Total | 179.44 | 259.46 | -30.84% | 305.09 | -41.18% |
| Depreciation/ Amortization | 467.51 | 457.64 | +2.16% | 415.55 | +12.5% |
| Total Operating Expense | 3553.24 | 3549.73 | +0.1% | 2204.73 | +61.16% |
| Operating Income | 1153.61 | 1013 | +13.88% | 1152.93 | +0.06% |
| Net Income Before Taxes | 551.95 | 514.65 | +7.25% | 659.62 | -16.32% |
| Net Income | 363.51 | 325.12 | +11.81% | 385.76 | -5.77% |
| Diluted Normalized EPS | 3.24 | 2.92 | +10.96% | 3.75 | -13.68% |
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