Adani Green Profit Falls By 70% on Lower Forex Gains - Bloomberg

Adani Green Energy Ltd. said its fourth-quarter profit dropped by 70% from a year earlier, when a foreign exchange gain helped boost the earnings.

Billionaire Gautam Adani’s green energy unit posted net income of 1.5 billion rupees ($18 million) in the three months through March, it said in a stock exchange filing Friday. Total income dropped 5.7% due to one-time adjustments in the year-earlier revenue.

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2024-05-03 09:55:19Z
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