Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

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The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year.

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes.

The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated.

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Category: BusinessFinance

Markets: India

Topics: Q2 Adani Group Net profit Adani Power Adani Power Corporate earnings Q2 results

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Article Type: News Report

Published On: 2024-10-28 @ 16:36:20 (4 hours ago)

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News Source URL: business-standard.com

Language: English

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