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Adani Power reports 22% rise in Q2 consolidated net profit

Adani Power has reported results for second quarter ended September 30, 2018.

The company has reported net loss of Rs 1.31 crore for the quarter under review as against net profit of Rs 261.86 crore for the same quarter in the previous year. Total income of the company decreased by 36.60% at Rs 2,169.49 crore for Q2FY19 as compared Rs 3,422.13 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 22.09% in its net profit at Rs 386.89 crore for the quarter under review as compared to Rs 316.88 crore for the same quarter in the previous year. Total income of the company increased by 19.37% at Rs 7,657.23 crore for Q2FY19 as compared Rs 6,414.65 crore for the corresponding quarter previous year.