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Adani Power reports over 9-fold jump in Q2 consolidated net profit

02 Nov 2023 Evaluate

Adani Power has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported over 7-fold jump in its net profit at Rs 6,625.39 crore for Q2FY24 as compared to Rs 928.28 crore for the same quarter in the previous year. Total income of the company increased by 46.91% at Rs 12,370.07 crore for Q2FY24 as compared Rs 8,420.22 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 9-fold jump in its net profit at Rs 6,594.17 crore for the quarter under review as compared to Rs 695.53 crore for the same quarter in the previous year. Total income of the company increased by 76.84% at Rs 14,935.68 crore for Q2FY24 as compared Rs 8,445.99 crore for the corresponding quarter previous year.


Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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