Adani Green Energy's Q4 2024 Financial Report Shows Negative Performance and 'Strong Sell' Rating

Adani Green Energy, a largecap company in the power industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Adani Green has seen a negative performance in the quarter, with a score of -10 compared to 7 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the decrease in Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT has fallen by 23.5% to Rs 148.00 crore, while the PAT has fallen by 48.7% to Rs 211.10 crore, compared to the average of the previous four quarters. This trend is expected to continue in the near term.

Another concerning aspect is the high proportion of non-operating income, which accounts for 65.34% of the PBT. This indicates that the company's income from non-business activities is significant, which may not be a sustainable business model.

Furthermore, the company's earnings per share (EPS) for the quarter are at its lowest in the last five quarters, at Rs 0.95. This shows a decline in profitability and lower earnings for shareholders.

In conclusion, Adani Green Energy's financial performance for the quarter ending March 2024 has been negative, with a 'Strong Sell' rating from MarketsMOJO. The company's declining profitability and reliance on non-operating income raise concerns about its sustainability in the long run.