NEW DELHI : Adani Power’s consolidated net profit rose to Rs. 4,645.47 crore in the March quarter from Rs 13.13 crore in the same period last year mainly due to higher revenues.
The company’s total revenue rose to Rs 13,307.92 crore for the quarter ended March 31, 2022 from Rs 6,902.01 crore for the same period last year, it said in a statement on Thursday.
The consolidated net profit for 2021-22 increased to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21.
In the latest financial year, the company’s total revenue increased to Rs. 31,686.47 crore from Rs. 28,149.68 crore in the same period last year.
Gautam Adani, Chairman of the Adani Group, said that the availability of reliable power supply to various sectors across the country is vital for economic growth.
“The Adani Group is committed to meeting India’s energy needs in a sustainable, reliable and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy, even during times of global volatility, and helps advance the vision of progress and prosperity for all,” he said .
Anil Sardana, Managing Director of Adani Power, said that “over the coming years, we will focus on making the most of our fleet while turning our acquisitions and greenfield assets into value-added investments.”
“Recent developments on the regulatory front have also removed such long-standing uncertainties, which will significantly help improve our liquidity position,” he added.
The company’s total revenue rose to Rs 13,307.92 crore for the quarter ended March 31, 2022 from Rs 6,902.01 crore for the same period last year, it said in a statement on Thursday.
The consolidated net profit for 2021-22 increased to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21.
In the latest financial year, the company’s total revenue increased to Rs. 31,686.47 crore from Rs. 28,149.68 crore in the same period last year.
Gautam Adani, Chairman of the Adani Group, said that the availability of reliable power supply to various sectors across the country is vital for economic growth.
“The Adani Group is committed to meeting India’s energy needs in a sustainable, reliable and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy, even during times of global volatility, and helps advance the vision of progress and prosperity for all,” he said .
Anil Sardana, Managing Director of Adani Power, said that “over the coming years, we will focus on making the most of our fleet while turning our acquisitions and greenfield assets into value-added investments.”
“Recent developments on the regulatory front have also removed such long-standing uncertainties, which will significantly help improve our liquidity position,” he added.
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