Adani Power, an ancillary of the Adani Group has reported results for the second quarter ended September 30, 2011.
The company’s net profit for the quarter has surged 41.04% at Rs 177.48 crore as compared to Rs 125.84 crore for the corresponding quarter of the previous year. The company’s total income has increased by 171.55% at Rs 1073.08 crore for the second quarter of the current fiscal from Rs 395.17 crore for the corresponding quarter of the previous year.
The result of the quarter include a non time charge of Rs 55.83 crore, under exceptional items, towards mark-to-market (MTM) loss on derivative instruments.
