Adani Green Energy reports earnings miss, shares drop 9.5%
pre-market1 source ↓written by the desknot a recommendation
- Despite revenues
- ₹28 billion
- beat estimates
- 3.5%
- to ₹799
- 9.5%
Adani Green Energy Limited reported a loss of ₹0.38 per share, missing analyst expectations of profit. Despite revenues of ₹28 billion, which beat estimates by 3.5%, shares fell 9.5% to ₹799 in the past week. Analysts are now revising their forecasts, reflecting uncertainty about the company's future prospects.
Not investment advice. For informational purposes only.