Adani Power, the Adani Group's thermal power generation company, has posted a net profit (consolidated net profit) of Rs 3,298 crore for the second quarter of the financial year 2024-25. It has decreased by 50% year on year. The company had made a profit of Rs 6,594 crore in the same quarter a year ago.
As for operational revenue, it was Rs 13,339 crore in the July-September quarter. There has been an increase of 3% year-on-year. In the second quarter of the financial year 2023-24, the company had a revenue of Rs 12,991 crore. The income from the sale of goods and services is called revenue.
Consolidated profit refers to the performance of the entire group Companies' results come in two parts – standalone and consolidated. A standalone shows the financial performance of only one unit, while a consolidated financial report reports on the entire company.
Adani Power shares have gained 14% this year Shares of Adani Power today i.e. Monday (October 28) after a marginal gain of 0.49% were trading at Rs. closed at 595.20. The company's stock has fallen 9.29% in the past one month and 0.15% in six months. Adani Power shares have given a positive return of 66.28% in the last one year and 13.75% this year i.e. since January 1. The market cap of the company is Rs 2.31 lakh crore.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
