Adani Power Ltd on Monday said its consolidated year-on-year (YoY) net profit almost halved during the second quarter of ongoing financial year 2024-25 (Q2 FY25). During the quarter under review, profit came at Rs 3,317.13 crore, down 49.87 per cent compared to Rs 6,616.43 crore in the year-ago period.
Read More: NPS calculator: What will be the value of Rs 1 crore after 60 years?
The Adani Group company’s revenue from operations, however, rose 2.68 per cent to Rs 13,338.88 crore from Rs 12,990.58 crore in the corresponding period last year.
In a separate development, Adani Power said it holds a 49 per cent equity stake in Moxie Power Generation Ltd, a special purpose vehicle (SPV) incorporated on January 30, 2024 under a consortium arrangement. Moxie will be now treated as Adani Power’s subsidiary, it added.
Read More: Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 28
Shares of Adani Power settled 1.12 per cent higher at Rs 599.
