Key Points
Adani Power Ltd on Thursday reported multi-fold jump in consolidated net profit at Rs 2,738 crore for the quarter ending December 31, 2023, as strong industrial demand drove a recovery from a massive slump in profit the previous year..
The Adani Group firm's revenue rose 67% to Rs 12,991 crore in Q3FY24 as against Rs 7,764 crore in Q3FY23...
S B Khyalia, CEO, Adani Power Limited, said: "Adani Power continues to demonstrate its leadership across domains by achieving everhigher standards of excellence, as evidenced by the financial results for the third quarter of FY 2023-24..
The Companys strategically located power plants and optimal capacity allocation between PPAs and merchant capacities, coupled with its strength in fuel management & logistics and excellence in power plant O&M, have allowed it to address growing power demand and generate robust profitability...
The increase in industrial power consumption bolstered Adani Power's revenue, which increased 67% to Rs 12,991 crore...
