Adani Power Q4 PAT Rises To ₹5,242 Crore
Adani Power, an Indian power and energy company, which is a part of Adani Group, on Friday said its consolidated net profit crore for the quarter ended 31 March, 2023 (Q4FY23) stood higher by 12.9% at ₹5,242.48 crore against ₹4,645.47 crores in Q4FY22.
The firm also registered a higher profit of 118.4 percent at ₹10,727 Crore in FY 2023, compared to ₹4,911.58 crore in FY 2022, it said in a regulatory filing.
The consolidated total revenue of the firm grew by 35.8% at ₹43,041 crore in FY23 vs ₹31,686 crore in FY22. The firm cited improved tariff realisation, high import coal price, and higher one-time revenue recognition on account of regulatory claim for this growth.
Among other details, Adani Power mentioned that its consolidated EBITDA for FY23 was higher at ₹14,312 crore against ₹13,789 crore in FY22. The firm said higher tariff realisation and one-time revenue recognition, offset mainly by higher fuel as reason for this change.
The consolidated total revenue for Q4 FY23 stood at ₹10,795 crore vs ₹13,308 crore in Q4 FY22, while the net EBITDA for Q4 FY23 stood at ₹2,461 crore vs ₹7,942 crore in Q4 FY22.
Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “India’s growing demand for world-class infrastructure facilities is acting as the springboard for the next phase of its economic growth. As the nation’s foremost infrastructure conglomerate, Adani Group is fully committed to meet it in a sustainable and dependable manner. Reliable and scalable base load power is fundamental to its economic sustenance, which Adani Power is best placed to supplement along with the Group’s diversified presence across the energy value chain of renewable and conventional generation, transmission, and distribution."
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
Next Story
No Network
Server Issue
Internet Not Available
Labour's Winning Streak: Momentum Builds In The 2024 Local Elections
As the 2024 local elections unfold, Labour has emerged as a formidable force, securing a series of significant victories... Read more
Revisiting Campus Conflict: Rethinking The Role Of Law Enforcement Amidst Student Protests
Recent clashes between protesters and law enforcement at Columbia University and other American campuses have sparked re... Read more
Pro-Palestinian Protests Surge: Unveiling Fault Lines On American Campuses
In recent months, American universities have become the focal points of escalating pro-Palestinian protests, with events... Read more
Hong Kong Introduces Groundbreaking Cryptocurrency ETFs For Retail Investors
Hong Kong has entered a new era in the realm of cryptocurrency investments with the recent introduction of the first spo... Read more
UK's Local Elections 2024: A Decisive Political Landscape Shift
In the spring of 2024, the United Kingdom witnessed a pivotal moment in its democratic process as local elections unfold... Read more
The Fragile Lifeline: America's Aid To Ukraine Amidst Political Struggles
Amidst escalating tensions with Russia, the United States has once again extended a vital lifeline to Ukraine in the for... Read more