{"id":614744,"date":"2023-11-03T12:10:29","date_gmt":"2023-11-03T06:40:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614744"},"modified":"2023-11-03T12:58:47","modified_gmt":"2023-11-03T07:28:47","slug":"adani-power-q2-results-net-profit-jumps-nine-fold-over-demand-surge-tax-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-q2-results-net-profit-jumps-nine-fold-over-demand-surge-tax-gain\/","title":{"rendered":"Adani Power Q2 results: Net profit jumps nine-fold over demand surge, tax gain"},"content":{"rendered":"<p>Adani Power&#8217;s consolidated profit jumped over nine-fold to \u20b96,594 crore in the September quarter of this year compared to the year ago, due higher one-time income, and deferred tax assets.<\/p>\n<p>&#8220;Consolidated Profit After Tax for Q2 FY24 (July-September) was higher by 848 per cent at \u20b96,594 crore vs \u20b9696 crore for Q2 FY23; due to improved EBITDA, higher one-time income, and recognition of deferred tax asset,&#8221; a company statement said.<\/p>\n<p>The company said the consolidated continuing total revenue for Q2 FY24 is higher by 61 per cent at \u20b912,155 crore, versus \u20b97,534 crore in the same period a year ago, mainly due to greater sales volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power&#8217;s consolidated profit jumped over nine-fold to \u20b96,594 crore in the September quarter of this year compared to the year ago, due higher one-time income, and deferred tax assets. &#8220;Consolidated Profit After Tax for Q2 FY24 (July-September) was higher by 848 per cent at \u20b96,594 crore vs \u20b9696 crore for Q2 FY23; due to improved EBITDA, higher one-time income, and recognition of deferred tax asset,&#8221; a company statement said. The company said the consolidated continuing total revenue for Q2 FY24 is higher by 61 per cent at \u20b912,155 crore, versus \u20b97,534 crore in the same period a year ago, [&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":[141,130,236],"tags":[],"class_list":["post-614744","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614744","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=614744"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614744\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}