Adani Shares Today: Adani Green Energy Shares Trade Higher Ahead Of Q2FY24 Results

The share price of Adani group's renewable energy firm Adani Green Energy remained on investors' watchlist on Monday as the company will release its Q2FY24 earnings update today. Today, at 10:13 am IST, Adani Green Energy shares were up 1.13% at Rs 881.35 per share.

In its Q1 results for the quarter ending June, Adani Green Energy posted a 51% year-on-year (YoY) growth in its April to June quarter consolidated profit at Rs 323 crore. The bottomline saw a profit of Rs 214 crore in the prior corresponding period.

During the quarter, Adani Green's revenue from operations increased 33% YoY to Rs 2,176 crore against Rs 1,635 crore in the year-ago quarter.

In the last one year, Adani Green Energy shares have fallen almost 58%, while the stock's year-to-date performance is down 53.38%.

Meanwhile, the shares of other Adani group companies traded in the green today.

Adani Enterprises shares were up 1.60% at Rs 2296.90 per share. The share price of Adani Ports and Special Economic Zone (APSEZ) was up 1.41% at Rs 793.15 per share at 10:43 am IST.