Adani Power reported a multifold jump in consolidated net profit at Rs 4,645.47 crore in the March quarter of the financial year 2021-22 compared with Rs 13 crore in the corresponding quarter of fiscal 2021.

The consolidated revenue of the company surged 93% YoY to Rs 13,307.92 crore in the March 2022 quarter from Rs 6,902.01 crore same quarter of the previous financial year.

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The consolidated net profit for the financial-year 2021-22 jumped to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. In the financial year 2022, total revenue increased to Rs 31,686.47 crore from Rs 28,149.68 crore in fiscal 2020-21.

The March 2022 quarter revenues included prior period revenues of Rs 2,946 crore and prior period other income of Rs 1,982 crore.

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Consolidated EBITDA rose 271% YoY to Rs 7,942 crore in March 2022 quarter from Rs 2,143 crore in the March 2021 quarter. EBITDA stands for earnings before interest, taxes, depreciation, and amortization.

Gautam Adani, Chairman of Adani Group said that the availability of reliable power supply to various sectors across the country is crucial to economic growth.

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“The Adani Group stands committed to fulfilling India’s energy needs in a sustainable, reliable, and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy, even during times of global volatility, and helps advance the vision of progress and prosperity for all,” he said.

Anil Sardana, Managing Director of Adani Power, said that in the years ahead, “we will focus on utilising our fleet to the highest extent while guiding our acquisitions and greenfield assets to become value accretive investments”.

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“Recent developments on the regulatory front have also dispelled such of the long-standing uncertainty, which will contribute significantly to enhancing our liquidity position,” he added.

Shares of Adani Power on May 5 closed 5% higher at Rs 279.65 per share on the National Stock Exchange (NSE).