Adani Power, a thermal power generation company of the Adani Group, reported 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 an annual basis. The company had made a profit of Rs 6,594 crore in the same quarter a year ago.
As far as operational revenue is concerned, it stood at Rs 13,339 crore in the July-September quarter. There was an increase of 3% on an annual basis. In the second quarter of the financial year 2023-24, the company had generated a turnover of Rs 12,991 crore. Income earned from the sale of goods and services is called revenue.
Consolidated profit refers to the performance of the entire group. Company results are divided into two parts: autonomous and consolidated. Standalone displays the financial performance of a single unit. Whereas in the consolidated financial report, the report of the entire company is given.
Adani Power shares are up 14% this year. Shares of Adani Power closed at Rs 595.20 today, i.e. Monday, October 28, after a slight gain of 0.49%. The company’s shares have fallen 9.29% over the past month and 0.15% in six months. Adani Power shares have generated a positive return of 66.28% in the last one year and 13.75% this year, i.e. from January 1 to present. The market capitalization of the company is Rs 2.31 lakh crore.
Adani Power was established in 1996. Adani Power Limited (APL) was established on 22 August 1996. It is the largest private producer of thermal power in the country. The company has an electricity production capacity of 15,250 MW. Its thermal power plants are in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand. Meanwhile, there is a solar power plant with a capacity of 40 MW in Gujarat. It is a company that builds coal-based supercritical thermal power projects under the Clean Development Mission (CDM) of the Kyoto Protocol.
Adani Wilmar profit of Rs 311 crore in second quarter: Last year there was a loss of Rs 131 crore, shares rose 6% after the results.
Adani Wilmar, the FMCG company of the Adani Group, reported 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 during the July-September quarter stood at Rs 14,460 crore. There was an increase of 18% on an annual basis. In the second quarter of the financial year 2023-24, the company had generated a turnover of Rs 12,267 crore. Money received from the sale of goods and services is called income.