New Delhi: Adani Power’s consolidated profit jumped over nine fold to Rs 6,594 crore in the September quarter of this year compared to the year ago, due higher one-time income, and deferred tax assets.
“Consolidated Profit After Tax for Q2 FY24 (July-September) was higher by 848 per cent at Rs 6,594 crore vs Rs 696 crore for Q2 FY23; due to improved EBITDA, higher one-time income, and recognition of deferred tax asset,” a company statement said.
The company said the consolidated continuing total revenue for Q2 FY24 is higher by 61 per cent at Rs 12,155 crore, versus Rs 7,534 crore in the same period a year ago, mainly due to greater sales volumes.
