February 16, 2025 10:26 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Lalu Prasad calls Maha Kumbh ‘faaltu,’ sparks controversy amid stampede fallout | Big concerns addressed, I am encouraged: Congress MP Shashi Tharoor lauds Modi's US visit | Prayagraj: 10 Maha Kumbh pilgrims die after car-bus collision on highway | 'US wants a durable peace in Ukraine,' US Vice President JD Vance says after meeting Volodymyr Zelenskyy | 'How can we involve Chief Justice with any executive appointment?' Jagdeep Dhankar's big remark on separation of powers | BJP says AAP renames CMO Delhi X handle to 'KejriwalAtWork', then deletes profile | Mumbai, Assam cops land at Ranveer Allahbadia's residence but could not find him | I will leave it to PM Modi: Donald Trump on Bangladesh crisis | Modi is a much tougher and better negotiator than me: Donald Trump | Modi covered up Gautam Adani's corruption: Rahul Gandhi after PM's 'personal matter' remark in the US
Adani Power's board of directors also approved raising up to Rs 5,000 cr. (Image credit: Adani Power website)

Adani Power Q3FY25 profit rises 11.7% to Rs 3,057 cr; board approves Rs 5,000 crore fundraise

| @indiablooms | Jan 29, 2025, at 04:51 pm

Mumbai: Adani Power on Wednesday reported an 11.7% increase in its consolidated net profit, reaching Rs 3,057.21 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), compared to Rs 2,737.96 crore in the same period last year.

The company’s consolidated revenue from operations grew by 5.2% year-on-year (YoY) to Rs 13,671.18 crore, up from Rs 12,991.44 crore in the corresponding quarter of the previous fiscal, reported Business Standard.

Following the release of the Q3 FY25 financial results, the report said that Adani Power's shares were trading at Rs 523.5 on the BSE at 1:35 pm, marking a gain of over 5%.

Additionally, the company announced that its board of directors has approved raising up to Rs 5,000 crore through the qualified institutional placement (QIP) route, the reported said, citing the exchange filing.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu