Adani Power’s consolidated net profit falls 96% to Rs 8.7 crore for the quarter ended 31 December 2022, down from Rs 218.5 crore reported in the same quarter last fiscal. However, consolidated revenue jumped 44.8% on-year to Rs 7,764.4 crore for the quarter. In the corresponding quarter in 2021, the company reported revenue at Rs 5,360.9 crore. EBITDA for the December quarter fell 17% to Rs 1,469.7 crore and EBIT margin shrunk to 18.9% from 33% reported in Dec quarter last financial year. Adani Power shares rose 5%, ahead of the Q3 results announcement.
In the September quarter of this fiscal, Adani Power had reported a 401.6% rise in consolidated profit after tax (PAT) at Rs 695.53 crore compared with Rs 230.6 crore loss in the corresponding quarter last year. Consolidated revenue in Q2 rose 36% on-year (YoY) to Rs 7,044 crore on improved tariff realisation and higher one-time income of Rs 771 crore. In the June quarter, it reported revenue of Rs 13,723 crore.
