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