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Adani Green Profit Jumps as Power Demand Boosts Solar Output

  • Second-quarter profit rises 49% on higher energy sales
  • Solar power sales for the period rose 63% from a year earlier


Photographer: Dhiraj Singh/Bloomberg
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Adani Green Energy Ltd. reported a 49% jump in its second-quarter profit on higher electricity generation, with the clean energy arm of billionaire Gautam Adani benefiting from India’s strong demand for power.

Profit for the three months ended September climbed to 1.49 billion rupees ($18.2 million) from 1 billion rupees a year earlier, the company said in a stock exchange filing Thursday. Total income gained 19.5% to 16.9 billion rupees.