Quarter Results

IREDA to establish office in Gujarat’s GIFT city to finance Renewable Energy projects in foreign currency

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ

January 22, 2024 Anand Gupta

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In Short : IREDA’s Q3 results reveal a remarkable performance, with a substantial 67% surge in net profit, reaching Rs 335 crore. This significant increase underscores the positive financial trajectory and efficiency of the company during the reported quarter. In Detail : New Delhi, State-owned IREDA on Saturday posted a 67 per cent rise in […]

Quarter Results

Sterling and Wilson Renewable Energy loss narrows to Rs 62.39 cr in Dec quarter – EQ

January 19, 2024 Anand Gupta

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In Short : Sterling and Wilson Renewable Energy report a narrowed loss of Rs 62.39 crore in the December quarter. This improvement suggests potential financial recovery and operational efficiency measures within the renewable energy sector. In Detail : In a separate statement, the company said the quarter witnessed strong order inflow from prestigious domestic and […]

Quarter Results

Siemens net profit down 12.4% to Rs 571 crore in September quarter – EQ

November 29, 2023 Anand Gupta

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In Short : Siemens’ net profit for the September quarter has decreased by 12.4% to Rs 571 crore. This decline in net profit signals a decrease in the company’s earnings compared to the same period in the previous year. In Detail : Siemens in India reported a 12.4 per cent dip in its net profit […]

Quarter Results

ReNew Q2 profit soars to 675.4 crore, upgrades FY24 EBITDA outlook – EQ

November 21, 2023 Anand Gupta

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In Short : The company said its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at ₹2,129.8 crore in Q2 FY24 as compared to ₹1,820.9 crore in Q2 FY23. In Detail : ReNew Energy Global Plc (ReNew) on Monday posted a net profit at ₹377.1 crore during the second quarter ended September 30 […]

Tata Power profit zooms 74% to Rs 465 cr in April-June quarter

Quarter Results

Tata Power Q2 net profit up 9% to 1,017 crore – EQ

November 9, 2023 Anand Gupta

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In Short : Tata Power, one of India’s leading power companies, reported a 9% increase in its net profit for the second quarter, reaching 1,017 crore Indian Rupees (approximately $137 million). The company’s strong financial performance reflects its effective operations and strategic initiatives in the power sector. Tata Power has been actively involved in renewable […]

Monthly meeting in virtual mode with original equipment manufacturers of wind turbine generators availing concessional customs duty benefits

Quarter Results

Vestas Q3 beats forecast on higher turbine prices, easing bottlenecks – EQ

November 9, 2023 Anand Gupta

In Short : Vestas, a leading wind turbine manufacturer, reported better-than-expected results for the third quarter of the year. The company’s performance exceeded forecasts due to higher turbine prices and the easing of production bottlenecks. Vestas experienced increased demand for wind energy solutions, reflecting the growing global emphasis on renewable energy sources. These results indicate […]

Adani Enterprises Q4 profit rises 47 pc to Rs 266 cr

Quarter Results

Adani Enterprise Q2 net profit halves – EQ

November 8, 2023 Anand Gupta

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In Short : Adani Enterprises, a leading conglomerate in India, reported a significant decrease in net profit for the second quarter (Q2) of the fiscal year. The company’s net profit halved during this period, reflecting various economic factors and market dynamics. Adani Enterprises continues to navigate challenges in the business landscape while exploring opportunities for […]

Quarter Results

IndiGrid Q2 net profit falls 69 pc to Rs 39 crore – EQ

November 4, 2023 Anand Gupta

In Short : In the second quarter, IndiGrid, a leading infrastructure investment trust (InvIT) in India’s power sector, reported a net profit of Rs 39 crore, marking a 69% decrease compared to the previous year. This decline is attributed to various factors, including market dynamics, operational costs, and regulatory changes within the energy sector. In […]

Suzlon Bags 201.6 MW Wind Energy Project Order

Quarter Results

Suzlon Energy Q2 profit up 81 pc to Rs 102 cr – EQ

November 3, 2023 Anand Gupta

In Short : Suzlon Energy, a leading renewable energy solutions provider, has announced a substantial increase in its second-quarter profit. The company’s profit rose by 81%, reaching Rs 102 crore, indicating a strong financial performance during this period. This growth highlights Suzlon Energy’s resilience and ability to navigate the renewable energy market effectively. The company’s […]

Quarter Results

Adani Power Q2 FY24 net profit soars 848% on robust power demand, higher sales volume – EQ

November 3, 2023 Anand Gupta

In Short : Adani Power has reported a significant surge in its net profit for the second quarter of fiscal year 2023-24. The company’s profits soared by 848%, driven by robust power demand and higher sales volume. This impressive financial performance indicates Adani Power’s strong position in the market and its ability to capitalize on […]