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.

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)