Adani Power reports PAT of Rs 218.49cr; Stock ends positive

4 Feb 2022 , 04:08 PM

Adani Power Ltd. reported consolidated net profit for December quarter 2021-22 at Rs 218.49 crore, against a loss of Rs 288.74 crore. Company’s PAT for the 9M period ended December 2021 stood at Rs 266.11 crores as against Rs 1,256.85 crore for the corresponding 9M period, down by 79% YoY.

Its total income stood at Rs 5,593.58 crore for the quarter ended December 2021 as against Rs 7,099.20 crore in the previous corresponding quarter, down by 21% YoY. Its total income for the 9M period ended December 2021 was reported at Rs 18378.55 crore as against Rs 21,247.67 crore for the previous 9M period, down by 13.50% YoY.

Company’s PBT stood at Rs 204.34 crore for the quarter ending December 2021 as against a loss of Rs 209.91 crore for the previous corresponding quarter.

The EBITDA for Q3 FY 2021-22 stood at Rs. 2,003 crore, as against Rs. 1,827 crore in Q3 FY 2020-21, higher by 9.6% YoY, due to improved contribution from the merchant and short-term sales. The EBITDA for 9M ended December 2021 remained lower at Rs. 5,847 crore, as compared to Rs. 8,454 crore in 9M ended December 2020, mainly on account of higher one-time revenue recognition during the previous period.

Adani Power ended at Rs108.55 up by Rs1.05 or 0.98% from its previous closing of Rs107.50 on the BSE. The scrip opened at Rs109 and touched day’s high and low of Rs112.40 and Rs107.40 respectively.