Adani Power Reports Net Profit Of Rs 2,738 Crore In Third Quarter

The increase in industrial power consumption bolstered Adani Power's revenue, which increased 67 per cent to Rs 12,991 crore.

Indian thermal power producer Adani Power reported an increase in third-quarter profit on Thursday, as strong industrial demand drove a recovery from a massive slump in profit the previous year.

The company reported a consolidated net profit of Rs 2,738 crore ($329.6 million) in the three months to Dec. 31. Adani Power's profit had tanked 96 per cent to 87.7 million rupees in the year-ago quarter on surging fuel costs.

The company has since been reporting higher quarterly profit.