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Adani Power rebounds nearly 5% after net profit surge in March quarter


On the NSE, Adani Power rose 4.99% to end at Rs 279.65 each.

New Delhi:

Shares of Adani Power rose nearly 5% on Thursday after the company’s consolidated net profit jumped to Rs 4,645.47 crore in the March quarter.

The stock climbed 4.40% to settle at Rs 277.90 each on BSE. During the day, it rebounded 4.99% to Rs 279.50.

On the NSE, it rose by 4.99% to end at Rs 279.65 each.

In terms of traded volume, 31.93 lakh shares were traded on the BSE and over 3.98 crore shares on the NSE during the day.

Adani Power’s consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore a year ago, mainly on the back of higher revenues.

The company’s total revenue rose to Rs 13,307.92 crore in the quarter ended March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said. in a statement Thursday.

Consolidated net profit for 2021-22 rose to Rs 4,911.58 crore from Rs 1,269.98 crore a year ago.

In the last financial year, the company’s total revenue rose to Rs 31,686.47 crore from Rs 28,149.68 crore in the same period a year ago.

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