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ADANI ENERGY SOLUTIONS REPORTS 172% SURGE IN Q2 PROFITS, REACHING RS 773 CRORE
The Business Guardian
|October 23, 2024
"The company remains focused on timely project commissioning as well as achieving operating efficiencies. The power demand trends in both utilities and new transmission project wins are very encouraging and we are making progress with the installation of smart meters in all our contracts," said Kandarp Patel, CEO, Adani Energy Solutions.
Adani Group company Adani Energy Solutions Limited on Tuesday reported that its net profit or Profit After Tax during the July-September quarter rose 172.2 per cent to Rs 773 crore. In the same quarter of last fiscal, it was at Rs 284 crore.
Both April-June and July-September combined, the net profits rose 133.4 per cent to about Rs 1,088 crore.
The Adani Group company's total income during the quarter rose 68.9 per cent year-on-year to Rs 6,360 crore from Rs 3,766 crore in the year ago quarter.
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