Highlights
- Sales over the Year and quarter: The company’s sales declined by -2.73 % over the year, substantial increase in net sales/revenue by 9.35 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20 %, Marginal decrease of -32.64% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Adani Green Energy Limited. Profit dropped by -38.86 % Year to Year, Adani Green Energy Limited’s profitability increased by 21.09 % in this quarter.
- EPS over the Year and quarter: EPS declined by -74.83 % Year to Year. EPS decreased by -46.48 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2598 Cr | Rs. 2311 Cr | Rs. 2527 Cr | + 9.35 % | -2.73 % |
| Expenses | Rs. 334 Cr | Rs. 645 Cr | Rs. 676 Cr | + 4.81 % | + 102.4 % |
| Operating Profit | Rs. 2264 Cr | Rs. 1666 Cr | Rs. 1851 Cr | + 11.1 % | -18.24 % |
| OPM % | 87.14 % | 72.09 % | 73.25 % | + 1.16 % | -13.89 % |
| Other Income | Rs. 405 Cr | Rs. 481 Cr | Rs. 324 Cr | -32.64 % | -20 % |
| Interest | Rs. 1338 Cr | Rs. 1242 Cr | Rs. 1206 Cr | -2.9 % | -9.87 % |
| Depreciation | Rs. 392 Cr | Rs. 481 Cr | Rs. 497 Cr | + 3.33 % | + 26.79 % |
| Profit before tax | Rs. 939 Cr | Rs. 424 Cr | Rs. 472 Cr | + 11.32 % | -49.73 % |
| Tax % | 38.42 % | 32.85 % | 23.63 % | -9.22 % | -14.79 % |
| Net Profit | Rs. 507 Cr | Rs. 256 Cr | Rs. 310 Cr | + 21.09 % | -38.86 % |
| EPS in Rs | Rs. 3.02 | Rs. 1.42 | Rs. 0.76 | -46.48 % | -74.83 % |
Today, we’re looking at Adani Green Energy Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.73 %. However, it did see a marginal increase of 9.35 % from the previous quarter. Expenses ticked up slightly by 4.81 % quarter-on-quarter, aligning with the annual rise of 102.4 %. Operating profit, while down -18.24 % compared to last year, faced a quarter-on-quarter increase of 11.1 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -13.89 %, but an expansion of 1.16 % sequentially. Other income fell by -32.64 % compared to the last quarter, despite an annual decline of -20 %. Interest expenses dropped significantly by -2.9 % from the previous quarter, yet the year-over-year decrease remains at a moderate -9.87 %. Depreciation costs climbed by 3.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 26.79 %. Profit before tax declined annually by -49.73 % but saw an increase from the preceding quarter by 11.32 %.
Tax expenses as a percentage of profits decreased slightly by -14.79 % compared to last year, with a more notable quarter-on-quarter decrease of -9.22 %. Net profit fell by -38.86 % year-on-year but experienced a 21.09 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -74.83 % but a quarterly fall of -46.48 %. In summary, Adani Green Energy Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2598 Cr | Rs. 2311 Cr | Rs. 2527 Cr | + 9.35 % | -2.73 % |
| Expenses | Rs. 334 Cr | Rs. 645 Cr | Rs. 676 Cr | + 4.81 % | + 102.4 % |
| Operating Profit | Rs. 2264 Cr | Rs. 1666 Cr | Rs. 1851 Cr | + 11.1 % | -18.24 % |
| Net Profit | Rs. 507 Cr | Rs. 256 Cr | Rs. 310 Cr | + 21.09 % | -38.86 % |
| EPS in Rs | Rs. 3.02 | Rs. 1.42 | Rs. 0.76 | -46.48 % | -74.83 % |
In reviewing Adani Green Energy Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.73 % year-on-year, however, there was a minor increase of 9.35 % from the previous quarter. Expenses rose by 102.4 % compared to the previous year, with a 4.81 % increase quarter-on-quarter. Operating Profit dropped by -18.24 % annually, and saw a 11.1 % increase from the last quarter.
Net Profit showed yearly decrease of -38.86 %, and experienced a 21.09 % increase from the previous quarter. Earnings Per Share (EPS) fell by -74.83 % annually, however dipped by -46.48 % compared to the last quarter. In essence, while Adani Green Energy Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
