Adani Energy Solutions’ stock surged after announcing robust Q4 FY24 results. The company posted a consolidated profit of ₹381.29 crore, more than doubling from ₹177.80 crore in Q4 FY23. Revenue rose sharply to ₹3,784.94 crore, up from ₹3,037.47 crore last year.
Click here to explore: Adani Energy Share Price
Higher transmission volumes and commissioning of new projects powered growth. EBITDA also increased, reflecting better cost control and efficiency.
Analysts raised target prices, and institutional investors showed strong interest, signaling long-term confidence in the stock.
The company is expanding its transmission network and growing its renewable energy footprint. A healthy order book ensures future revenue visibility.
Adani’s focus on sustainability and advanced technology continues to attract ESG-conscious investors. The management remains optimistic about the sector outlook.
Also Read: Indian Equities Surge Amidst Positive Global Cues and Strong Macro Data
IndiGo Crisis Intensifies as Govt Steps In; DGCA Suspends FDTL Rules, Full Restoration Expected in…
Markets Cheer RBI’s Growth-Driven Rate Cut as Sensex Rises 447 Points and Nifty Ends Near…
RBI Cuts Repo Rate and Lifts Growth Forecast, Boosting Sentiment in Rate-Sensitive Stocks In a…
CAMS Shares Appear to Plunge 80% as 1:5 Stock Split Kicks In, but Investors Are…
Major Cloudflare Outage Ripples Across India’s Trading Platforms, Disrupting Market Activity A sudden Cloudflare outage…
IndiGo Shares Bounce Back as DGCA Offers Partial Relief on Pilot Duty Rules Amid Nationwide…
This website uses cookies.