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Adani Power Q2 results: Revenue rises 36%, net profit at Rs 696 crore

on Friday reported a consolidated web revenue of Rs 696 crore for the quarter ended September 30, 2022 (Q2). Within the year-ago interval, the corporate had incurred a web lack of Rs 231 crore.

Within the June quarter, reported a web revenue of Rs 4,780 crore, on excessive power demand. The June quarter was amongst Adani Energy’s best-ever performances each by way of top-line and bottom-line.

Consolidated income in Q2 rose 36 per cent year-on-year (YoY) to Rs 7,044 crore on account of improved tariff realisation and better one-time revenue of Rs 771 crore, the corporate stated. Within the June quarter, it reported a income of Rs 13,723 crore.

Consolidated earnings earlier than curiosity tax depreciation and amortisation (Ebitda) for Q2 was 51 per cent larger YoY to Rs 2,350 crore, its confirmed.

The corporate has an put in thermal energy capability of 13,610 Mw unfold throughout seven energy crops in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, and Madhya Pradesh. It additionally has a 40 Mw solar energy plant in Gujarat.

shares closed commerce on Friday down 2.74 per cent at Rs 360 apiece on the BSE. Primarily based on Friday’s shut, Adani Energy’s market capitalisation stood at Rs 1.38 trillion.

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