Quarter Results

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

Vestas swings to unexpected first-quarter profit – EQ Mag

May 11, 2023 Anand Gupta

Adds detail on profit, context and analyst comment COPENHAGEN : Danish wind turbine maker Vestas VWS.CO on Wednesday reported an unexpected first-quarter profit and maintained its full-year guidance despite a tough backdrop for the industry. Despite booming demand for renewable energy, increased competition and soaring metal prices meant that Vestas did not manage to turn […]

Exide begins production at India’s largest lithium-ion battery plant with partner Leclanche

Quarter Results

Exide Industries misses fourth quarter profit view on high costs – EQ Mag

May 9, 2023 Anand Gupta

BENGALURU : Indian lead-acid battery maker Exide Industries Ltd reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at 2.08 billion rupees ($25.45 million) for the quarter ended March 31, while analysts on average expected a profit of 2.52 billion rupees, according to Refinitiv IBES […]

Quarter Results

Servotech Power Systems’ Q4 profit jumps multi-fold to Rs 6 cr – EQ Mag

May 9, 2023 Anand Gupta

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Clean energy solution provider Servotech Power Systems on Monday posted multi-fold jump in consolidated net profit to Rs 6.05 crore for March quarter 2022-23 on the back of higher revenues. In the year-ago period, it logged a profit of Rs 1.3 crore, a company statement said. Total revenue rose to Rs 120 crore from Rs […]

Quarter Results

Adani Power Q4 profits jump 13% to Rs 5,242 crores – EQ Mag

May 8, 2023 Anand Gupta

Adani Group’s power company, Adani Power, published its results for the fourth quarter of FY23 as the company’s quarterly profit improved 13%. For the fourth quarter of FY23, Adani Power reported revenues of Rs 10,795 crores, down 19% YoY against Rs 13,308 crores reported in the corresponding quarter last year. Net EBITDA for the quarter […]

Quarter Results

Coal India’s Q4 profit falls 17% on higher provisions for wage hike – EQ Mag

May 8, 2023 Anand Gupta

NEW DELHI : Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world’s largest coal miner made higher provisions for wage hikes. Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company […]

Quarter Results

LONGi Posted RMB 3.636 Billion in Net Profit for 1Q23 and Aims to Shipp 85GW of PV Modules for 2023

May 5, 2023 Anand Gupta

LONGi Green Energy Technology released its reports for 2022 and 1Q23. According to these reports, LONGi posted RMB 128.998 billion in operating income for 2022, representing a YoY growth of 60.03%. The company’s net profit attributable to shareholders reached RMB 14.812 billion for 2022, translating to a YoY increase of 63.02%. As for 1Q23, LONGi […]

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

Quarter Results

Tata Power Q4 result preview: PAT to grow by 58.8%, revenue by 10.7% – EQ Mag

May 4, 2023 Anand Gupta

Tata power’s revenue is expected to surge by 10.7 per cent to Rs 13,234 crore compared with the year-ago period. Tata Power, the power company of Tata Group, is likely to report a 58.8 per cent growth in profit after tax (PAT) to Rs 799 crore year-on-year (YoY) for the quarter ended March 31, 2023, […]

Quarter Results

Stellantis Q1 sales up 14% as better chip supply supported shipments – EQ Mag

May 4, 2023 Anand Gupta

MILAN : Stellantis STLAM.MI said on Wednesday its revenue grew 14% in the first quarter of this year on higher shipments, favoured by an improvement in semiconductor supply, and strong net pricing power. Net revenues amounted to 47.2 billion euros ($52 billion) in the January-March period, topping analyst expectations of 45.5 billion euros, according to […]

Quarter Results

Adani Green Energy net profit up 4-fold to Rs 507 cr in March quarter – EQ Mag

May 2, 2023 Anand Gupta

During the quarter that ended on March 31, 2022, the consolidated net profit of the company was Rs 121 crore, according to a filing on the stock exchange. A consolidated net profit of Adani Green Energy increased four-fold to Rs 507 crore in the March quarter compared to the same period a year ago, which […]

Indian Billionaire Gautam Adani Overtakes Mukesh Ambani as Asia’s Richest Person

Quarter Results

Gautam Adani focuses on energy as green unit profit surges – EQ Mag

May 2, 2023 Anand Gupta

MUMBAI : Billionaire Gautam Adani’s clean energy unit reported fourth-quarter profits surged as the conglomerate prioritizes renewable power amid its response to the impact of Hindenburg Research’s explosive report. Adani Green Energy Ltd, India’s top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million), […]