Adani Power net jumps multifold to ₹4,645 cr. in Mar. quarter
The Hindu
Total income of the company surged 93% to ₹13,308 crore
Adani Power's consolidated net profit jumped multifold to ₹4,645.47 crore in the March quarter from ₹13.13 crore in the year-ago period, mainly on the back of higher revenues.
Total income of the company surged 93% to ₹13,308 crore in the March quarter, from ₹6,902 crore in the same period a year earlier, a company statement said on Thursday.
"Revenue for Q4 FY 2021-22 includes prior-period revenue from operations of ₹2,946 crore, and prior-period other income of Rs 1,982 crore," the statement said₹.
The EBITDA for Q4 FY 2021-22 witnessed multi-fold increase to ₹7,942 crore, as compared to₹2,143 crore in Q4 FY 2020-21.
"EBITDA growth was aided by prior-period income recognition, greater shortfall claims due to high import coal prices, and higher merchant and short-term tariffs and volumes, as compared to Q4 FY 2020-21," the statement added.
The consolidated net profit for 2021-22 climbed to ₹4,911.58 crore, from ₹1,269.98 crore in 2020-21.
Last fiscal, the company's total income increased to ₹31,686.47 crore, from ₹28,149.68 crore in the same period a year ago.
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