Quarter Results

First Solar surpasses expectations, delivering robust Q3 2023 results – EQ

November 2, 2023 Anand Gupta

In Short : First Solar, a leading solar technology company, has surpassed market estimates with its robust financial performance in Q3 2023. The company reported strong earnings and revenue figures, showcasing its resilience and market strength in the renewable energy sector. First Solar’s positive results underscore the growing demand for solar energy solutions and the […]

Quarter Results

Orient Green Power Q2 net profit grows two-fold to Rs 75 cr – EQ

November 2, 2023 Anand Gupta

In Short : Orient Green Power Company Limited (OGPL) has reported a significant growth in its net profit for the second quarter of the fiscal year. The company’s net profit has doubled, reaching Rs 75 crore, indicating a strong performance in the renewable energy sector. Orient Green Power’s positive financial results reflect its efficient operations […]

Quarter Results

Adani Green Q2 profit more than doubles on higher power sales

October 31, 2023 Anand Gupta

Adani Green’s energy sales rose 87% in the quarter, mainly driven by solar-wind hybrid category, the green energy arm of Adani Group said. BENGALURU : Adani Green Energy on Monday reported a more than two-fold growth in second-quarter profit, helped by strong power sales to customers. The country’s power demand is growing rapidly, with strong […]

Quarter Results

Servotech Power Systems net profit grows three-fold to Rs 3.12 crore in Q2

October 31, 2023 Anand Gupta

Servotech Power Systems Ltd (SPSL) has posted over three-fold jump in its net profit at Rs 3.12 crore during the quarter ended September 2023, aided by higher revenues. It had clocked a net profit of Rs 78 lakh during the July-September period of preceding 2022-23 fiscal, the company said in a regulatory filing on Monday. […]

Quarter Results

Waaree Renewable Tech posts 18.29-cr net profit in Q2 – EQ

October 28, 2023 Anand Gupta

In Short : Waaree Renewable Technologies, one of India’s leading solar energy solutions companies, reported a net profit of ₹18.29 crore in the second quarter of the fiscal year. The company’s financial performance demonstrates its strong position in the renewable energy sector. Waaree Renewable Technologies is actively involved in solar power projects, solar module manufacturing, […]

Quarter Results

Sona Comstar logs Q2 PAT of Rs 130 crore, to enter solar power – EQ

October 26, 2023 Anand Gupta

In Short : Sona Comstar, a leading automotive component manufacturer, has reported a Q2 net profit after tax (PAT) of Rs 130 crore. In addition to its automotive endeavors, the company has also announced plans to diversify into the renewable energy sector by entering the solar power industry. This strategic move showcases Sona Comstar’s commitment […]

IREDA to establish office in Gujarat’s GIFT city to finance Renewable Energy projects in foreign currency

Quarter Results

Ireda Q2FY24 result: PAT up 54% YoY at Rs 285 cr; net NPA down 39% – EQ

October 25, 2023 Anand Gupta

In Short : In the second quarter of the financial year 2023-24, the Indian Renewable Energy Development Agency Limited (IREDA) reported positive financial results. The Profit After Tax (PAT) for the quarter increased by 54% Year-over-Year (YoY) to reach Rs 285 crore. Additionally, the net Non-Performing Assets (NPA) decreased by 39%, indicating improved financial health […]

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

Quarter Results

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 […]