Adani Power Q1FY24 Results: Consolidated PAT of Rs. 8759.42 Cr

GQG Acquires 8.1% Stake in Adani Power for $1.1 Billion

Adani Power Q1 results show revenue up from 10795.32 crores to 18109.01 crores, a 67.75% increase in growth. EPS rise from ₹12.81 to ₹21.90, up by 70.96%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Adani Power shared its Q1 results on Thursday. They earned 18109.01 crores in revenue this quarter, but that’s more than the 10795.32 crores they made last quarter. The company’s growth increased by 67.75 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 8759.42 crores, up from 5242.48 crores in the previous quarter. Their quarter-to-quarter growth increased by 67.09 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹21.90, which is an increase of 70.96% from the ₹12.81 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 18109.01 crores this year (2023), which is 16.76 percent higher than last year’s total revenue of 15509 crores.

This year’s PAT (Profit After Tax) is 8759.42 crores, which is also 83.26% higher than last year’s PAT of 4779.86 crores.

The EPS (Earnings Per Share) for this year is ₹21.90, which is 89.12% more than the EPS of ₹11.58 earned last year.

Also Read: Adani Enterprises Q1FY24 Results: Consolidated PAT of Rs. 673.93 Cr

Adani Power Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Adani Power:

Adani Power is an Indian power and energy company that forms a part of the Adani Group. Located in Khodiyar, Ahmedabad, it serves as a private thermal power producer with a capacity of 12,450 MW. Additionally, the company operates a massive 40 MW solar plant at Naliya, Bitta, Kutch, Gujarat.

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