Adani Power’s consolidated profit jumped over nine-fold to ₹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 ₹6,594 crore vs ₹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 ₹12,155 crore, versus ₹7,534 crore in the same period a year ago, mainly due to greater sales volumes.
