Quarter Results

Airtel’s arm infusing Rs 600 cr to build east India’s largest data center in city

Airtel to source 23,000 MWh renewables by Q4 for six Nxtra data centres – EQ

September 5, 2023 Anand Gupta

Airtel has also entered into a similar stake purchase agreement with the project company Vibrant Energy to supply solar power to its Edge data centre in Vijaywada Bharti Airtel announced on Monday that it will purchase 23,000 MWh of renewable energy by Q4FY24 for its data centre company, Nxtra. In line with its commitment to […]

Quarter Results

Siemens Energy Reports Q3-2023 Results, Addresses Quality Issues at Siemens Gamesa – EQ Mag

August 14, 2023 Anand Gupta

Siemens Energy, a prominent player in the global energy sector, has unveiled its financial performance for the third quarter of fiscal year 2023, marked by a series of developments and challenges at Siemens Gamesa. Siemens Energy’s revenue experienced a notable uptick, increasing by 8.0 percent to reach €7.5 billion. However, this positive momentum was accompanied […]

Quarter Results

Orient Green Power Company Q1 net profit rises to Rs 9.29 cr – EQ Mag

August 12, 2023 Anand Gupta

Total income of the company increased to Rs 79.28 crore in the quarter from Rs 78.19 crore in the same period a year ago Orient Green Power Company on Friday posted a 6 per cent rise in its consolidated net profit to Rs 9.29 crore in the June quarter. The company had reported a consolidated […]

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

Quarter Results

On course to develop round-the-clock renewable power: Tata Power CEO & MD – EQ Mag

August 10, 2023 Anand Gupta

The company’s consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent Tata Power reported a 29 per cent increase in its profit for the first quarter of financial year 2023-2024 (Q1FY24), marking the 15th consecutive quarter of profit for the company. The consolidated profit for Q1FY24 stood at […]

Quarter Results

Tata Power to share Q1 results today; profit may drop up to 20% as coal biz weighs – EQ Mag

August 9, 2023 Anand Gupta

Tata Power: Lower profitability from coal business may partially be offset by a sequential improvement in performance of Mundra UMPP given implementation of Section 11 of Electricity Act from April 2023 Tata Power is likely to report a 17-20 per cent year-on-year (YoY) drop in profit on a flattish sales in the June quarter. The […]

Quarter Results

IndiGo reports Rs 3,090.6 crore profit in June quarter – EQ Mag

August 3, 2023 Anand Gupta

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It is the highest ever quarterly profit and “reflects strong operational performance, execution of our strategy and favourable market conditions,” the airline said in a release. InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday reported a profit after tax of Rs 3,090.6 crore in the June quarter. It is the highest […]

Adani expands his green plan, eyes foray into EVs

Quarter Results

Adani Green Energy net profit rises 51 pc to Rs 323 cr in Jun qtr – EQ Mag

August 1, 2023 Anand Gupta

Adani Green Energy said its revenue from operations jumped 55.04 per cent YoY to Rs 2,059 crore from Rs 1,328 crore in the same quarter last year. Adani Green Energy Ltd on Monday said its consolidated profit grew 50.93 per cent year-on-year (YoY) to Rs 323 crore in the June quarter compared with Rs 214 […]

GAIL will invest to build 1GW renewable energy, expand the business beyond natural gas

Quarter Results

GAIL India misses Q1 profit view as natural gas marketing drags – EQ Mag

August 1, 2023 Anand Gupta

GAIL (India) Ltd, the country’s largest gas distributor, reported a lower-than-expected quarterly profit on Monday hurt by weak performance at its core natural gas marketing segment. The company’s standalone profit after tax fell to 14.12 billion rupees ($171.67 million) in the quarter ended June 30, from 29.15 billion rupees a year earlier. Analysts, on average, […]

Quarter Results

Inox Wind Q1 Results: Consolidated revenue rises 65% YoY to ₹352.3 crore, turns EBITDA positive – EQ Mag

July 31, 2023 Anand Gupta

Inox Wind released their April to June quarter results on Saturday and recorded a jump of 65% year-on-year in their net consolidated revenue which jumped to ₹352.3 crore during Q1FY24 from ₹213 crore during the corresponding quarter last fiscal. The company turned EBITDA positive during the quarter and reported consolidated EBITDA of ₹34.8 crore during […]

NTPC Ltd. pays Interim Dividend of Rs. 4,121.08 crore for FY 2022-23

Quarter Results

Power giant NTPC’s first quarter profit rises 23 per cent to Rs 4,907 crore – EQ Mag

July 31, 2023 Anand Gupta

Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago. State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore, […]