Adani Power Q1 Results: Firm logs 16-fold jump in profit; revenue zooms 115%
NEW DELHI: Adani Power NSE 2.41 % on Wednesday reported a 16-fold surge in consolidated profit after tax at Rs 4,780 crore compared with Rs 278 crore in the same quarter last year.
Consolidated total revenue for the quarter jumped 115 per cent YoY to Rs 15,509 crore compared with Rs 7,213 crore in the corresponding quarter last year.
This increase in revenue was aided by increase in PPA tariffs due to higher import coal prices and greater alternate coal usage, improved merchant and short-term tariffs, revival of 1,234 MW Bid-2 PPA with Gujarat DISCOMs, and higher prior period revenue recognition.
