Adani Energy net profit declines 21% in Q2

ADANI ENERGY SOLUTIONS on Monday reported a 21% fall in net profit in the second quarter of the current fiscal at ₹534 crore, missing analyst estimates of ₹742 crore. The Adani Group firm had reported a profit of ₹675 crore in the corresponding quarter of the previous fiscal.

- RAGHAVENDRA KAMATH

In Q2, the company had a onetime positive impact of deferred tax of ₹314 crore. In like-for-like comparison, its Q2 adjusted PAT was up 21% year-on-year, it said.