In the midst of the Hindenburg saga, Adani Green Energy and NTDV, two Adani group companies, will announce their Q4 results.

On Monday, Adani Green Energy and NDTV, which are both part of the Adani Group, will report their quarterly earnings for the March quarter. This is the first earnings report from an Adani Group company since an explosive Hindenburg Research report in January sent Adani Group shares falling. The financial year numbers for the two companies will also be released today.

In the case of Adani Green Energy, Investec will set up an Earnings Call for the company with equity investors and experts. The stock is down 50% so far this year. Standard Chartered Bank would also set up an Earnings Call for Adani Green Energy with buyers in its debt.

Even though brokerages don’t have earnings forecasts for the two Adani companies, Adani Green has been in the news lately because it was said that the group planned to raise about $800 million for new green energy projects. Bloomberg said that Adani Group is in talks with international banks like Sumitomo Mitsui Banking Corp., DBS Bank, Mitsubishi UFJ Financial Group, and Standard Chartered Plc.

In a recent business report, Adani Green said that its sales of solar energy went up by 6% in the March quarter. This was due to 212 MW being put into service in Rajasthan during FY23 and a 40-bps improvement in CUF.

It said that a 10-bps improvement in plant availability, a 40-bps improvement in grid availability, and a 10 bps improvement in solar energy all led to a better CUF performance.

In its wind business, sales of wind energy went up by 69% because capacity went up from 497 mw to 971 mw. However, CUF went down because wind speed went down. It said that the main reason plant availability was lower was because the plants were shut down ahead of time as part of preventive maintenance so that they could keep running during the high wind season YoY.

Adani Green said that a 700 MW solar-wind hybrid project would be up and running in the fourth quarter of FY23. This would bring the overall hybrid capacity to 2,140 MW.

Hindenburg Research, which is based in the US, charged the Adani group of accounting frauds, stock manipulations, and laundering money, but the group denied doing anything wrong. Later, the Supreme Court asked Sebi, the market watchdog, to look into the group’s deals outside of India. There are new claims that Sebi has asked for more time to finish the investigation.