Adani Power Q1 net profit surges 16-fold to Rs 47.80 bn
POWER & RENEWABLE ENERGY

Adani Power Q1 net profit surges 16-fold to Rs 47.80 bn

Adani Power has reported 16-fold jump in consolidated net profit at Rs 47.80 billion for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 2.78 billion in the year-ago period.

The company's consolidated revenue from operations rose 109% to Rs 137.23 billion compared to Rs 65.69 billion in Q1FY22. Expenses stood at Rs 96.43 billion during the quarter compared to Rs 67.63 billion in the preceding fiscal.

"We have been able to utilise the opportunities presented by the market situation effectively, leveraging our diversified fleet and operations-excellence to meet rising power demand. Regulatory issues that were outstanding since long are nearing full resolution, improving visibility and providing us liquidity to propel our drive to realise our long-term strategies and meet our stakeholder value aspirations," Anil Sardana, managing director of Adani Power Ltd, said in a statement.

Part of the diversified Adani Group, APL is the largest private thermal power producer in India. The company has an installed thermal power capacity of 13,610 MW spread across seven power plants in different states, apart from a 40 MW solar power plant in Gujarat.

See also:
Adani and RIL to set up compressed biogas plants
RIL, Adani among 24 bidders for SKS Power


Adani Power has reported 16-fold jump in consolidated net profit at Rs 47.80 billion for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 2.78 billion in the year-ago period. The company's consolidated revenue from operations rose 109% to Rs 137.23 billion compared to Rs 65.69 billion in Q1FY22. Expenses stood at Rs 96.43 billion during the quarter compared to Rs 67.63 billion in the preceding fiscal. We have been able to utilise the opportunities presented by the market situation effectively, leveraging our diversified fleet and operations-excellence to meet rising power demand. Regulatory issues that were outstanding since long are nearing full resolution, improving visibility and providing us liquidity to propel our drive to realise our long-term strategies and meet our stakeholder value aspirations, Anil Sardana, managing director of Adani Power Ltd, said in a statement. Part of the diversified Adani Group, APL is the largest private thermal power producer in India. The company has an installed thermal power capacity of 13,610 MW spread across seven power plants in different states, apart from a 40 MW solar power plant in Gujarat. See also: Adani and RIL to set up compressed biogas plantsRIL, Adani among 24 bidders for SKS Power

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?