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Adani Power rises on reporting multi-fold jump in Q4 consolidated net profit
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Adani Power is currently trading at Rs. 282.85, up by 4.95 points or 1.78% from its previous closing of Rs. 277.90 on the BSE.
The scrip opened at Rs. 284.00 and has touched a high and low of Rs. 287.70 and Rs. 272.70 respectively. So far 821252 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 312.30 on 28-Apr-2022 and a 52 week low of Rs. 69.95 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 296.00 and Rs. 252.90 respectively. The current market cap of the company is Rs. 107184.33 crore.
The promoters holding in the company stood at 74.97 % while Institutions and Non-Institutions held 16.87 % and 8.15 % respectively.
The company has reported net loss of Rs 31.74 crore for the quarter under review as compared to net loss of Rs 351.03 crore for the same quarter in the previous year. However, total income of the company increased by around 4-fold at Rs 582.71 crore for Q4FY22 as compared Rs 161.65 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in net profit at Rs 4,645.47 crore for the quarter under review as compared to Rs 13.13 crore for the same quarter in the previous year. Total income of the company increased by 92.81% at Rs 13,307.92 crore for Q4FY22 as compared Rs 6,902.01 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported net loss of Rs 182.23 crore as compared to net loss of Rs 498.74 crore for the previous year. Total income of the company increased by 83.74% at Rs 1,068.53 crore for year under review as compared to Rs 581.54 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported around 4-fold jump in its net profit at Rs 4,911.58 crore as compared to Rs 1,269.98 crore for the previous year. Total income of the company increased by 12.56% at Rs 31,686.47 crore for year under review as compared to Rs 28,149.68 crore for year ended March 31, 2021.
