Adani Power Q3 profit falls 96% YoY to Rs 9 cr; revenue rises 45%

Company's amalgamation with six of its operating subsidiaries receives approval from secured creditors

Adani Power on Wednesday reported a 96 per cent drop in consolidated net profit to nearly Rs 9 crore for the quarter-ended December 31, 2022 (Q3 FY23), compared with Rs 218 crore reported in the corresponding period last year.

In the September and June quarters of this financial year, the company had reported a net profit of Rs 696 crore and Rs 4,780 crore. The June quarter was amongst Adani Power's best-ever periods in terms of top-line and bottom-line.

Consolidated revenue from operations increased nearly 45 per cent year-on-year (YoY) to Rs 7,764 crore in Q3, mainly due to higher