Adani Energy Solutions profit rises 46% to Rs 284 crore
Adani Energy Solutions on Monday posted 46 per cent rise in consolidated net profit to Rs 284 crore for September quarter 2023-24, mainly on the back of higher revenues.
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New Delhi: Adani Energy Solutions on Monday posted 46 per cent rise in consolidated net profit to Rs 284 crore for September quarter 2023-24, mainly on the back of higher revenues.
In the year-ago period, the profit was Rs 194 crore, a company statement said. Total revenue rose to Rs 3,421 crore in the quarter from Rs 3,032 crore in the year-ago period. Revenue witnessed a double-digit growth in the quarter on account of various factors including customer additions, the company said. It said the proportion of renewable power in the total energy mix further increased to 38 per cent. The energy demand (units sold) improved by 9.5 per cent year-on-year, driven by an increase in industrial segment demand.
