Adani Energy shares slip despite Q4 net profit rising 6% to Rs 684 crore

Strong profits, yet investors pushed the stock down

Adani Energy Solutions shares fell more than 3% even as the company reported a 6% year-on-year rise in Q4 net profit to Rs 684 crore. Revenue increased 17% to Rs 7,443 crore, supported by progress on major transmission projects. Market reaction, however, turned negative despite the solid topline and bottomline.