Signals, Powered By EquityPandit
Adani Power Ltd (ADL) consolidated net profit for the quarter ended in September rose by 22% to Rs 386.89 crores as compared to the net profit of Rs 316.88 crores during the corresponding quarter period a year ago.
Adani Power Ltd total income during the quarter under discussion rose to Rs 7,657.23 crore from Rs 6,414.65 crore in July-September of the fiscal year 2017-18.
ADL, the largest private thermal power producer in the country said in a regulatory filing that the total expenses during the September-end quarter stood at Rs 6,955.35 crore, higher from Rs 6,101.27 in the year-ago quarter.
Gautam Adani, Chairman, Adani Power said, “We are pleased to note the progress in ensuring sustainable operations of the Mundra power plant, with the Hon’ble Supreme Court permitting the Gujarat Government to approach the CERC for implementation of recommendations made by the High Power Committee.”
ADL, In a separate statement, said that the financial cost for the second quarter of 2018-19 fiscal was Rs 1,407 crore as compared to Rs 1,389 crore in the year-ago quarter. The statement read, “The increase in finance cost was primarily due to higher borrowing during the quarter, which was partially offset by gains on forex hedges.”
