Adani Power Q2 results: Net profit falls 50% to Rs 3,298 crore

Adani Power Ltd on October 28 reported 50% decline in net profit at Rs 3,298 crore for the quarter ended September 30, 2024. It reported net profit of Rs 6,594 crore in the year-ago period.

On October 28, Adani Power's shares on BSE closed trading 0.62% higher at Rs 596 apiece.

The Adani Group's firm's revenue from operations rose nearly 3% higher to Rs 13,339 crore in Q2FY25 as compared to Rs 12,991 crore in Q2FY24.

S B Khyalia, CEO, Adani Power, said: “Adani Power has embarked on the next phase of its growth journey, swiftly achieving capacity expansion milestones and securing power supply agreements to ensure long-term revenue stability. The company consistently delivers robust operating and financial performance by leveraging its inherent strengths and competitive advantages. Its diverse capabilities and financial resilience provide a solid foundation for growth, enabling it to realize its vision of supporting India's economic development with reliable, sustainable, and affordable power supplies. Additionally, we are committed to rapidly turning around our recently acquired stressed power plants by utilizing our core competencies and strengths.”