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Adani Power reports 48% fall in Q4 consolidated net profit
May-02-2024

Adani Power has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 62.25% fall in its net profit at Rs 1,831.29 crore for the quarter under review as compared to Rs 4,850.88 crore for the same quarter in the previous year. However, total income of the company increased by 5.96% at Rs 10,731.87 crore for Q4FY24 as compared Rs 10,128.69 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 47.79% fall in its net profit at Rs 2,737.24 crore for fourth quarter ended March 31, 2024 as compared to Rs 5,242.48 crore for the same quarter in the previous year. However, total income of the company increased by 28.59% at Rs 13,881.52 crore for Q4FY24 as compared Rs 10,795.32 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 82.99% rise in net profit at Rs 18,749.24 crore as compared to Rs 10,246.15 crore for the previous year. Total income of the company increased by 19.89% at Rs 49,396.42 crore for year under review as compared to Rs 41,201.19 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 94.18% rise in its net profit at Rs 20,828.79 crore as compared to Rs 10,726.64 crore for the previous year. Total income of the company increased by 40.06% at Rs 60,281.48 crore for year under review as compared to Rs 43,040.52 crore for year ended March 31, 2023. 

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