Adani Power board to mull stock split on Friday, shares rise 3.5%

Adani Power board to mull stock split on Friday, shares rise 3.5%

Adani Power shares rose over 3% on July 29 after the Adani Group company said its board will mull stock split on August 1

At 1:08 pm on July 29, Adani Power shares were trading 3.5% higher at Rs 590.35 apiece.

Adani Power will also declare its June quarter results on August 1.

"...we would like to inform you that the meeting of the Board of Directors of the Company to be held on Friday, 1st August 2025 will inter alia consider the proposal for alteration in the share capital of the Company by way of sub-division/split of the existing equity shares of the face value Rs 10 each, fully paid-up, in such a manner as may be determined by the Board, subject to approval of the shareholders of the Company and any regulatory/statutory approvals, as may be required under applicable law," said the company in a stock exchange filing.

Adani Power Ltd for the fourth quarter ended March 31, 2025 reported 5% fall in consolidated net profit at Rs 2,599 crore as compared to Rs 2,737 crore in the year-ago period.

Revenue for the quarter grew 6.45% YoY to Rs 14,145 crore.

For FY25 the company’s consolidated net profit plunged 39% to Rs 12,750 crore. Revenue for the year grew 10% to Rs 54,503 crore YoY.