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Adani Power zooms on reporting consolidated net profit of Rs 218 crore in Q3
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Adani Power is currently trading at Rs. 109.85, up by 2.35 points or 2.19% from its previous closing of Rs. 107.50 on the BSE.
The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 112.40 and Rs. 108.65 respectively. So far 447241 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 167.05 on 09-Jun-2021 and a 52 week low of Rs. 52.00 on 10-Feb-2021.
Last one week high and low of the scrip stood at Rs. 112.40 and Rs. 105.70 respectively. The current market cap of the company is Rs. 42310.62 crore.
The promoters holding in the company stood at 74.97%, while Institutions and Non-Institutions held 16.56% and 8.46% respectively.
Adani Power has reported results for third quarter ended December 31, 2021.
The company has reported net loss of Rs 47.37 crore for the quarter under review as compared to net loss of Rs 58.67 crore for the same quarter in the previous year. However, total income of the company increased by 43.59% at Rs 219.80 crore for Q3FY22 as compared Rs 153.08 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 218.49 crore for the quarter under review as compared to net loss of Rs 288.74 crore for the same quarter in the previous year. However, total income of the company decreased by 21.21% at Rs 5,593.58 crore for Q3FY22 as compared Rs 7,099.20 crore for the corresponding quarter previous year.
