Adani Green Energy Limited (AGEL) shares witnessed an early rally on Tuesday after the company received two significant positive developments, driving renewed investor interest.
At market opening, AGEL shares jumped over 2%, touching ₹960.90, compared to the previous close of ₹940.20. However, some cooling off was observed later, and around 9:30 AM, the stock was trading at ₹943.85 with a modest 0.39% gain.
The twin triggers for this bullish sentiment were a significant legal relief in the United States and a strong financial performance in the fourth quarter of FY25.
Clean Chit in US Bribery Case
In a major relief, Adani Green Energy announced that it has received a clean chit in a bribery investigation in the United States. Allegations had surfaced last November, implicating Gautam Adani, his nephew Sagar Adani, and Managing Director Vineet S. Jain in purported bribery worth $265 million to secure power contracts. However, a third-party investigation commissioned by Adani Green Energy concluded that no wrongdoing was found, and the company asserted compliance with all applicable laws.
The management further stated that they foresee no adverse impact on the company from the US inquiry.
Strong Q4 Financial Performance
Adani Green Energy’s financial results for the January–March quarter reinforced positive market sentiment. The company’s consolidated net profit grew by 24% year-on-year to ₹383 crore, up from ₹310 crore in the same quarter last year. Revenue also saw a healthy increase, rising 22% year-on-year to ₹3,073 crore.
On a sequential basis, while net profit declined 19% compared to ₹474 crore in the preceding quarter, revenue rose significantly by 31% from ₹2,340 crore.
Including income from other sources, AGEL’s total consolidated income stood at ₹3,278 crore, higher than ₹2,636 crore recorded in the previous quarter and ₹2,841 crore in the corresponding quarter last year.
Company Overview
Founded in 2015, Adani Green Energy has rapidly scaled operations to become one of India’s largest renewable energy companies, with a market capitalization exceeding ₹1.5 lakh crore. The company currently manages projects totaling 21,953 megawatts across India.
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