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Adani Power profit surges in Q3 to Rs. 2,737.96 crore

On January 25, Adani Power Limited (APL) declared a consolidated net profit of Rs. 2,737.96 crore for the December 31, 2023 quarter. In the same quarter last year, net profit was Rs 8.77 crore. The company's net profit fell from Rs 6,594.17 crore in the September 30 quarter, owing to the Adani corruption rumours and other issues.

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Adani Power profit surges in Q3 to Rs. 2,737.96 crore

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  1. ADANI POWER PROFIT SURGES IN Q3 TO RS. 2,737.96 CRORE

  2. On January 25, Adani Power Limited (APL) declared a consolidated net profit of Rs. 2,737.96 crore for the December 31, 2023 quarter. In the same quarter last year, net profit was Rs 8.77 crore. The company's net profit fell from Rs 6,594.17 crore in the September 30 quarter, owing to the Adani corruption rumours and other issues.

  3. EQUITY STAKE SALE IN TWO SUBSIDIARIES The company informed the stock exchange in a separate filing that it has entered into an MOU to sell its 100% equity stake in Aviceda Infra Park Limited (AIPL) and Innovant Buildwell Private Limited (IBPL) to AdaniConnex Private Limited. After the sale, AIPL and IBPL will no longer be wholly owned subsidiaries. APL also announced on January 25 that its CFO, Shailesh Sawa, will be moving to Group Regulatory Engagement for Adani's portfolio of companies and will be replaced by Dilip Kumar Jha on April 1.

  4. FACTORS INFLUENCING Q3 RESULTS Many factors contributed to Adani Power's strong Q3 earnings despite controversies of Adani corruption that don’t hold any ground. Understanding these aspects highlights the company's strategic decisions and the economy and industry: 1. Tariff Trends: The power sector is significantly affected by tariff variations. Adani Power's income and profitability depend on its tariff management, whether due to regulatory or market changes. Analyzing Q3 tariff trends will reveal information.

  5. THANK YOU

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