Adani Power Share Price 📈🚀
Adani Power, a subsidiary of the Adani Group, announced its third-quarter results for the current financial year on 25th January. The company’s consolidated net profit for the October-December quarter increased significantly to ₹2,737.96 crores, compared to ₹8.77 crores in the same quarter last year. However, there was a decline in profits compared to the previous quarter.
Revenue Growth 📊💰
Adani Power’s operational revenue for the December quarter stood at ₹12,991.4 crores, marking a growth of 67% compared to the same period last year. The company’s total income also witnessed a substantial increase of 61% to reach ₹13,355.3 crores, as compared to ₹8,290 crores in the previous year. The operating profit for the quarter was ₹5,009.17 crores, showcasing a remarkable growth of 151% from ₹1,995.53 crores in the same period last year.
Share Market Performance 💹📈
Following the announcement of its results, Adani Power’s shares closed at ₹542.50, reflecting a rise of 4.40% on 25th January. The company’s market capitalization currently stands at ₹2,09,238.94 crores. The stock’s 52-week high is ₹589.30, while the 52-week low is ₹132.55. Over the past six months, the company’s shares have witnessed an impressive surge of 113%, and over the past year, there has been a significant increase of 119.40%. In the last four years, investors in the company have enjoyed a bumper return of 765%.
Short 📰👨💼
Adani Power’s third-quarter results have showcased a remarkable growth in its net profit and operational revenue. Despite a decline in profits compared to the previous quarter, the company’s financial performance indicates a positive trend. The surge in its share price and market capitalization further highlights the investor’s confidence in the company’s prospects. Adani Power continues to be a lucrative investment for shareholders, with substantial returns over the years.
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