India's Adani Green quarterly profit slumps on higher finance costs
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India's Adani Green Energy reported a 99% drop in Q3 profit due to rising finance costs, despite strong power sales. Consolidated profit fell to 50 million rupees from 4.74 billion a year earlier, with expenses up 27.14% to 29.61 billion rupees. Shares dropped 13.8% amid broader declines in Adani Group stocks following SEC actions against Gautam and Sagar Adani. The company anticipates increased power consumption in India, aiming for net-zero emissions by 2070 and plans to double renewable capacity to 500 gigawatts.
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