01-08-2024 12:33 PM | Source: Accord Fintech
Adani Power declines on logging 55% fall in Q1 consolidated net profit

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Adani Power is currently trading at Rs. 721.50, down by 13.00 points or 1.77% from its previous closing of Rs. 734.50 on the BSE.

The scrip opened at Rs. 719.50 and has touched a high and low of Rs. 729.65 and Rs. 715.30 respectively. So far 743589 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 260.40 on 02-Aug-2023.

Last one week high and low of the scrip stood at Rs. 748.85 and Rs. 699.40 respectively. The current market cap of the company is Rs. 276523.24 crore.

The promoters holding in the company stood at 72.71%, while Institutions and Non-Institutions held 16.16% and 11.13% respectively.

Adani Power has reported 69.82% fall in net profit at Rs 2,454.88 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 8,133.06 crore for the same quarter in the previous year. Total income of the company decreased by 23.45% at Rs 11,978.08 crore for Q1FY25 as compared to Rs 15,646.80 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 55.33% fall in its net profit at Rs 3,912.79 crore for the quarter ended June 30, 2024 as compared to Rs 8,759.42 crore for the same quarter in the previous year. Total income of the company decreased by 14.55% at Rs 15,473.95 crore for Q1FY25 as compared to Rs 18,109.01 crore for the corresponding quarter previous year.