Adani Power Q4 Profit Increases 52 Percent on Tax Gain
Adani Power reported a 52.3% rise in quarterly profit to 40.17 billion rupees, aided by a tax gain. Revenue fell slightly while power sales volumes grew 3.4%.
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ADANI POWER LTD grew fourth-quarter profit 52.3% to 40.17B rupees ($423.53M) in India. A 7.93B rupee one-time tax gain from a unit merger offset a 0.1% decline in operating revenue. The results highlight how non-operational gains and weather-driven demand fluctuations are currently shaping the utility's bottom line.
