Updated May 1st, 2024 at 21:30 IST

Adani Power Q4 net profit falls 48% YoY to Rs 2,737 crore, revenue up 30%

Adani Power Ltd on Wednesday reported a 47.78 per cent decline in its consolidated net profit to Rs 2,737.24 crore.

Reported by: Business Desk
Adani Power reports Q4 earnings | Image:Adani Power
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Decline due to increased expense: Adani Power on Wednesday reported 48 percent decline in consolidated net profit at Rs 2,737 crore for the quarter ended 31 March, 2024. The power company had reported a net profit of Rs 5,243 crore in the year-ago period.

As per a company statement, Adani Power Ltd on Wednesday reported a 47.78 per cent decline in its consolidated net profit to Rs 2,737.24 crore for the March quarter, mainly on account of increased expenses.

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Its net profit was Rs 5,242.48 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing. During the fourth quarter, the company's total income was Rs 13,881.52 crore against Rs 10,795.32 crore a year ago.

(With PTI inputs) 

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Published May 1st, 2024 at 21:30 IST