{"id":554318,"date":"2023-02-09T12:45:47","date_gmt":"2023-02-09T07:15:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554318"},"modified":"2023-02-09T12:45:47","modified_gmt":"2023-02-09T07:15:47","slug":"adani-power-q3-net-profit-tanks-96-on-year-to-rs-8-7-crore-revenue-jumps-44","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-q3-net-profit-tanks-96-on-year-to-rs-8-7-crore-revenue-jumps-44\/","title":{"rendered":"Adani Power Q3 net profit tanks 96% on-year to Rs 8.7 crore; revenue jumps 44%"},"content":{"rendered":"<p>Adani Power\u2019s 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.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-554318","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=554318"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554318\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}