Mumbai: Adani Power Ltd has clocked a 13 per cent rise in consolidated net profit for the fourth quarter ended March 31. The company posted a net profit of Rs 5,242.48 crore against Rs 4,645.47 crore in the same period of the previous year.
The rise in its profit came despite the company reporting lower revenue during the period. Revenues came in at Rs 10,242.06 crore against Rs 10,597.78 crore in the year-ago period while total expenses also climbed to Rs 9,897.60 crore from Rs 7,174.93 crore.
However, there was a total tax credit of Rs 4,725.96 crore compared with an expense of Rs 1,528.85 crore in the corresponding period of the previous fiscal.
