Adani Green’s shares hit upper circuit limit after Q4 profit jumps 4-fold; NDTV stock falls

Adani Green on Monday night announced its March quarter results and said its revenue jumped four-fold on a yearly basis on the back of higher revenues. The company’s net profit in the last financial year nearly doubled to Rs 973 crore, as compared to Rs 489 crore in FY22.

Its total income climbed 88 per cent to Rs 2,988 crore in the fourth quarter from Rs 1,587 crore in the same period a year ago.

On the other hand, NDTV tanked nearly 5 per cent today, to touch a low of Rs 180.60 on BSE, after the media company’s profit in the same quarter plunged nearly 98 per cent. Its consolidated net profit in the March quarter came at Rs 59 lakh, as compared to Rs 24.16 crore in the same period a year ago.

NDTV’s revenue from operations fell 35.5 per cent to Rs 66.96 crore due to a “slowdown in global advertisement spend,” the media company said.

At the time of writing, Sensex was up 319.04 points, or 0.52 per cent to 61,413.31, while Nifty50 was 96.05 points, or 0.53 per cent to 18,161.05.

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