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Adani Energy Solutions reports 46% rise in Q2 consolidated net profit

06 Nov 2023 Evaluate

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

The company has reported over 3- fold jump in its net profit at Rs 105.38 crore for Q2FY24 as compared to Rs 32.12 crore for the same quarter in the previous year. Total income of the company increased by 12.12% at Rs 395.30 crore for Q2FY24 as compared Rs 352.56 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 46.08% rise in its net profit at Rs 284.09 crore for the quarter under review as compared to Rs 194.47 crore for the same quarter in the previous year. Total income of the company increased by 11.55% at Rs 3766.46 crore for Q2FY24 as compared Rs 3376.57 crore for the corresponding quarter previous year.

Peers
Company Name CMP
NTPC 326.35
Tata Power 363.85
Adani Power 199.60
Power Grid Corpn. 268.00
Adani Energy Solut. 1337.20
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