Adani Power Q2 Results: Adani Power Limited announced their July to September quarter results on Monday, October 28. The company announced a 49 per cent fall in net profit for the second quarter to ₹ 3,332 crore in the financial year 2024-25, compared to ₹ 6,594.17 crore in the same quarter the previous year in the consolidated financial statements, according to the company's BSE filing.
Adani Power Ltd shares closed 1.12 per cent higher at ₹ 599 after Monday's trading session, compared to ₹ 592.35 at the previous market close.
The company released its results at the end of Monday's market operating hours. The company's revenue from core operations increased 2.6 per cent to ₹ 13,338.
88 crore in the second quarter, compared to ₹ 12,990.58 crore in the same period a year ago. Adani Power's other income plummeted 62.
78 per cent to ₹ 723.96 crore in the July to September quarter of the current financial year, compared to ₹ 1,945.10 crore in the same period the previous year.
Total expenses for the company rose 2.23 per cent to ₹ 9,928 crore in the second quarter of the financial year 2024-25, compared to ₹ 9,712.11 crore in the same quarter the previous year.
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Business
Adani Power Q2 Results: Net profit falls 49% to ₹3,332 crore, revenue up 2.6%
Adani Power's net profits fell 49 per cent to ₹3,332 crore as income from non-core operations fell and expenses rose year-on-year. The company's revenue from operations increased 2.6 per cent in the second quarter.