Mumbai6 days ago
- copy link
Adani Power, a thermal power producing company of Adani Group, has made a net profit (consolidated net profit) of Rs 3,298 crore in the second quarter of the financial year 2024-25. It has decreased by 50% on annual basis. The company had made a profit of Rs 6,594 crore in the same quarter a year ago.
Talking about operational revenue, it stood at Rs 13,339 crore in the July-September quarter. There has been an increase of 3% on annual basis. In the second quarter of the financial year 2023-24, the company had generated a revenue of Rs 12,991 crore. Income earned from selling goods and services is called revenue.
Consolidated profit means performance of the entire group The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas in the consolidated financial report the report of the entire company is given.
Adani Power’s shares rose 14% this year Adani Power shares closed at Rs 595.20 today i.e. Monday (28 October) after a slight gain of 0.49%. The company’s stock has fallen 9.29% in the last one month and 0.15% in six months. Adani Power shares have given a positive return of 66.28% in the last one year and 13.75% this year i.e. from January 1 till now. The market cap of the company is Rs 2.31 lakh crore.
Adani Power was started in 1996 Adani Power Limited (APL) was incorporated on 22 August 1996. It is the country’s largest private sector thermal power producer. The company has a power generation capacity of 15,250 MW. Its thermal plants are in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand. At the same time, there is a solar plant of 40 MW capacity in Gujarat. It is a company building coal-based supercritical thermal power projects registered under the Clean Development Mission (CDM) of the Kyoto Protocol.
Read this news also…
Adani Wilmar’s profit of Rs 311 crore in the second quarter: Last year there was a loss of Rs 131 crore, shares rose 6% after the results.
Adani Wilmar, the FMCG company of Adani Group, had a consolidated net profit of Rs 311 crore in the second quarter of the financial year 2024-25. The company had suffered a loss of Rs 131 crore in the same quarter a year ago.
The company’s operational revenue in the July-September quarter stood at Rs 14,460 crore. There has been an increase of 18% on annual basis. In the second quarter of the financial year 2023-24, the company had generated a revenue of Rs 12,267 crore. The money received from selling goods and services is called revenue.
Click here to read the full news…
