Adani Power Q4 net up at Rs 4,645 crore, revenue jumps to Rs 13,308 crore
NEW DELHI: Adani Power on Thursday reported a consolidated net profit of Rs 4,645 crore in the fourth quarter ending March 2022. The company had reported a net profit of meagre Rs 13 crore in the same period a year ago. The total revenue of the company has jumped to Rs 13,308 crore in the said quarter from Rs 6,902 crore reported in the same month a year ago.
Further, the consolidated EBITDA, or earnings before interest, taxes, depreciation, and amortisation witnessed an increase of 271% to Rs 7,942 crore from `. Rs 2,143 crore in Q4FY21. The EBITDA growth, according to the company, was aided by prior period income recognition, greater shortfall claims due to high import coal prices, and higher merchant and short-term tariffs and volumes, as compared to Q4FY 2020-21.
