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Adani Power's Q2FY24 Financial Performance Review

Nov 2, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Adani Power for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
Adani Power reported a total income of ₹14,935 crores in Q2FY24, reflecting a substantial decline of 17.53% compared to the preceding quarter. On a year-on-year (YoY) basis, there was remarkable growth of 76.85% from ₹8,445 crores in Q2FY23.

EXPENSES: 
The company's total expenses for Q2FY24 amounted to ₹9,712 crores, indicating an increase of 4.33% compared to the expenses in the preceding quarter. On a YoY basis, expenses increased by 25.36% from ₹7,747 crores in Q2FY23.

NET PROFIT: 
Adani Power reported a net profit of ₹6,594 crores, reflecting a significant decline of 24.72% compared to the net profit of ₹8,759 crores in the preceding quarter. On a YoY basis, the company experienced a remarkable 800%+ increase in profitability.

MARGINS: 
Adani Power's margin in Q2FY24 was 44.15%, representing a decrease compared to the margin of 48.37% in the preceding quarter. Year-on-year, the margin displayed a substantial increase of 35.92%.

In conclusion, Adani Power's financial performance in the second quarter of fiscal year 2024 reveals a contrasting picture with a significant YoY increase in revenue and profit, while experiencing a slight decline in margins due to increased expenses. However, there was a noticeable decline in profitability compared to the preceding quarter.

Stay tuned for more updates on upcoming financial performances.